Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

7&I (3382 JP) - Alimentation Couche-Tard Walks, Lobbing a Letter Bomb

Crime Scene Investigation: How Seven&I (3382-JP) Murdered the ACT (ATD-CA) Deal

The Final ACT Comedy of Errors Opens the Way for Real Value to Emerge at Seven & I

7&I (3382) - Clarifications of Clarifications But Progress Is Apparent

7&I (3382) - A Starting Point for the Standalone Plan - The Good, The Bad, The Ugly

7&I (3382) - Artisan Writes (Again) And 7&I Updates (Again) - More Positive Outlook Now

Quiddity Advisors

Event-Driven

<ul>
<li>Today, <a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings (3382 JP)</a> reported full-year earnings. The FY2025 guidance looks OK. Not overly exciting. Optically, it falls short, but 7&amp;i guidance includes York only for H1. </li>
<li>The basic outlines of strategy in the Presentation are unchanged from the 6 March strategy report. The company seems convinced an IPO of SEI is a good thing. I'm underwhelmed.</li>
<li>The company also announced that it would bring forward ¥600bn of its planned 6-year ¥2trln buyback program, and execute it this year. That's good. </li>
</ul>


Today, Seven &amp; I Holdings (3382 JP) reported full-year earnings. The FY2025 guidance looks OK. Not overly exciting. Optically, it falls short, but 7&amp;i guidance includes York only for H1. 
The basic outlines of strategy in the Presentation are unchanged from the 6 March strategy report. The company seems convinced an IPO of SEI is a good thing. I'm underwhelmed.
The company also announced that it would bring forward ¥600bn of its planned 6-year ¥2trln buyback program, and execute it this year. That's good. 


7&I (3382) - FY24 Better, FY25 OK, Surprisingly Large Buyback