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) - A Starting Point for the Standalone Plan - The Good, The Bad, The Ugly

Seven & I Holdings: Mega Share Buyback Plan and IPO of North American CVS Unit to Boost Share Price

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

7&I (3382) - MBO Off, SC "Engaging Constructively with ACT", Skepticism Higher, Questions And More

Seven & I Restructures but Discontent Rises Among Franchisees and Customers

7&I (3382) - Bain Gets York Holdings with a Surprising Price, And We Approach Deal Deadlines

Quiddity Advisors

Event-Driven

<ul>
<li>Last Thurs the MBO died. Tuesday an article said the ACT deal had died. Then 7&amp;i denied that. Yesterday an article said Bain's York Holdings deal would be approved today.</li>
<li>That meant a Board meeting which would approve receipt of ~¥700bn of cash. What to do with it?</li>
<li>Just now, Bloomberg says <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>'s board will consider a massive buyback. THAT is the capital allocation news <a href="https://www.smartkarma.com/insights/7-i-3382-mbo-off-sc-engaging-constructively-with-act-skepticism-higher-questions-and-more" target="_blank" rel="noopener">my last piece</a> suggested necessary. It's HUGE.</li>
</ul>


Last Thurs the MBO died. Tuesday an article said the ACT deal had died. Then 7&amp;i denied that. Yesterday an article said Bain's York Holdings deal would be approved today.
That meant a Board meeting which would approve receipt of ~¥700bn of cash. What to do with it?
Just now, Bloomberg says Seven &amp; I Holdings (3382 JP)'s board will consider a massive buyback. THAT is the capital allocation news my last piece suggested necessary. It's HUGE.


7&I (3382) Possibility of YUUUUUGE Buyback?