Equity Analyst, LightStream Research

Oshadhi Kumarasiri

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's largest asset managers with about USD2.5trn in AUM, covering small and micro-cap companies in the consumer sphere across Europe and developed Asia. Also experienced in covering multiple industries including banking, insurance and asset management, retail, tech, telco and REIT.

Equity Analyst

Seven & I: ValueAct's Proposals Unlikely to Be Considered, Investor Activism Effectively Over

Seven & I: 7-Eleven US Poses Challenges for FY24 Guidance

Seven & I: Earnings Peak and Valuation Multiples Nearing Breaking Point

Seven & I: Activist ValueAct Seeking a Spin-Off of The US Business

Seven & I’s Valuation Nears Breaking Point

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul>
<li>Value Act's investor activism campaign picked up steam following the death of <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> founder.</li>
<li>The board of Seven &amp; I may have been aggravated by Value Act's unreasonable demands and timing, leading to their first angry response in over two years.</li>
<li>The damaged relationship between Seven &amp; I and Value Act reduces the upside risk to our short thesis from disposal of underperforming businesses.</li>
</ul>


Value Act's investor activism campaign picked up steam following the death of Seven &amp; I Holdings (3382 JP) founder.
The board of Seven &amp; I may have been aggravated by Value Act's unreasonable demands and timing, leading to their first angry response in over two years.
The damaged relationship between Seven &amp; I and Value Act reduces the upside risk to our short thesis from disposal of underperforming businesses.


Seven & I: Founder's Death Fuels Value Act's Activism, Angers The Board, Reduces Short Thesis Risk