East72
East 72 Dynasty Trust
Europe Mid-cap
Mar 2025 → Mar 2026
Our archive holds 4 letters from this strategy, behind 11 investment theses and positions in 9 companies. Every quote below is copied verbatim from the letter it came from.
4 letters in 2 years — follow all of East72 for every strategy.
Its investment theses
- Bolloré SEMar 2026Bolloré SE is a cash-rich conglomerate with a significant UMG stake and potential value realization via special dividends, strategic UMG transactions, and ongoing buybacks amid a deep discount to liquidation value.
- Virtu Financial Inc.Mar 2026Virtu Financial Inc. is a leading US market maker whose shift toward capital deployment and high-return growth is undervalued relative to structural trading-volume tailwinds and could drive materially higher earnings.
- HAL TrustMar 2026HAL Trust is a diversified Dutch holding company trading at a significant discount to a sum-of-parts valuation uplifted by listed assets and an under-marked Boskalis stake, offering a margin of safety.
- Avation PLCDec 2025Avation PLC is improving its balance sheet and visibility while trading at a discount to NAV, with clear fleet growth and cash flow optionality.
- D’Ieteren GroupDec 2025D’Ieteren Group trades at a large sum-of-the-parts discount despite high-quality assets and has initiated buybacks after reducing parent debt.
- Hansa Investment CompanyDec 2025Hansa Investment Company trades at a deep discount to NAV with substantial pro-forma cash and buybacks offering significant value accretion.
- BolloréSep 2025Bolloré is experiencing a significant decline in valuation due to corporate missteps, a complex asset ownership structure, and legal uncertainties, impacting investor confidence despite stable performance in some key investments.
- ExorSep 2025Exor is facing a triple discount but may close its NAV gap through strategic asset divestments and capital liberation over the next few years.
- Swatch GroupSep 2025Swatch is an undervalued luxury brand with strong marketing and design skills, presenting a compelling investment opportunity driven by potential capital management, improved outlook in Greater China, brand revitalization, and favorable changes in the US tariff environment.
- Avation PlcMar 2025Avation is poised for significant shareholder value enhancement at £1.44 per share due to its unique position as the sole publicly listed regional aircraft lessor, upcoming debt refinancing, growth potential in aircraft leasing, and favorable market conditions.