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) - Clarifications of Clarifications But Progress Is Apparent

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

7&I (3382) Possibility of YUUUUUGE Buyback?

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

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

Quiddity Advisors

Event-Driven

<ul>
<li>On Thursday 6 March we got a Nikkei article then a company announcement for <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 proposed management measures and update on ACT Bid Process.  </li>
<li>It involved Isaka-san stepping down, Stephen Dacus stepping up, selling York to Bain for ¥814.7bn, IPOing 7-Eleven US, a ¥2trln share buyback over 5yrs, and ACT process update. </li>
<li>It was OK. Good, bad, and ugly. But Artisan wrote a letter over the weekend and 7&amp;i responded and suddenly, their concerns are mostly addressed and the outlook is different.</li>
</ul>


On Thursday 6 March we got a Nikkei article then a company announcement for Seven &amp; I Holdings (3382 JP)'s proposed management measures and update on ACT Bid Process.  
It involved Isaka-san stepping down, Stephen Dacus stepping up, selling York to Bain for ¥814.7bn, IPOing 7-Eleven US, a ¥2trln share buyback over 5yrs, and ACT process update. 
It was OK. Good, bad, and ugly. But Artisan wrote a letter over the weekend and 7&amp;i responded and suddenly, their concerns are mostly addressed and the outlook is different.


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