Imperial Brands: A Weak Pulze

It has been quite an eventful year for tobacco purveyor Imperial Brands. Not only did Imperial cut its dividend for the first time ever as a public company, but it also saw a nearly complete overhaul of its senior leadership. Long-time CEO Alison Cooper has made way for Stefan Bomhard, formerly of Inchcape, and new … Continue reading Imperial Brands: A Weak Pulze

Karelia Tobacco: Minority Shareholders Held Hostage in Family Feud

It's been a while since I last wrote about Greek cigarette company Karelia Tobacco, mostly for lack of developments on the business front or otherwise. My campaign to convince the board of directors to initiate a split of the company's  listed shares has unfortunately been met with consistent silence. Fortunately, the company's business performance has … Continue reading Karelia Tobacco: Minority Shareholders Held Hostage in Family Feud

Karelia Tobacco: Letters Written & Answers Not Received

As shared last week on this blog, I have tried to pursuade the board of Karelia Tobacco, that the company and its (minority) shareholders would benefit from a stock split. The identification of a liquidity problem and a proposed solution are detailed in my letters (found below), and I will therefore not go into repetition … Continue reading Karelia Tobacco: Letters Written & Answers Not Received

Karelia Tobacco: When A Stock (Or The Company Board) Just Won’t Budge

The first article I wrote for Seeking Alpha was about two relatively small tobacco companies from Europe; Swedish Match and Karelia Tobacco. I was long the second stock then and I still am today. Unfortunately I could not really follow up on that thesis because the ticker has been removed from SA. You can still … Continue reading Karelia Tobacco: When A Stock (Or The Company Board) Just Won’t Budge