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) - FY24 Better, FY25 OK, Surprisingly Large Buyback

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

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

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

Quiddity Advisors

Event-Driven

<ul>
<li>On 10 March, <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> released a statement about its interactions with <a href="https://www.smartkarma.com/entities/alimentation-couche-tard-inc" target="_blank" data-smartkarma-citation="entities:25103:1" rel="noopener">Alimentation Couche-Tard (ATD CN)</a>. The next day, ATD released its own. They didn't match. </li>
<li>The 7&amp;i spokesperson admitted one technical point, but investors seemed to believe ATD over 7&amp;i. On 13 March, ATD held a <a href="https://corporate.couche-tard.com/events-presentations?item=22" target="_blank" rel="noopener">presentation</a> in Tokyo. Materials? Unchanged. Earnings comments? Unchanged.</li>
<li>This morning, 7&amp;i released a document which <em>"corrects the record regarding critical false and misleading claims about 7&amp;i’s engagement with Alimentation Couche-Tard (ACT)." </em>OUCH. The stock fell.</li>
</ul>


On 10 March, Seven &amp; I Holdings (3382 JP) released a statement about its interactions with Alimentation Couche-Tard (ATD CN). The next day, ATD released its own. They didn't match. 
The 7&amp;i spokesperson admitted one technical point, but investors seemed to believe ATD over 7&amp;i. On 13 March, ATD held a presentation in Tokyo. Materials? Unchanged. Earnings comments? Unchanged.
This morning, 7&amp;i released a document which "corrects the record regarding critical false and misleading claims about 7&amp;i’s engagement with Alimentation Couche-Tard (ACT)." OUCH. The stock fell.


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