Chesnara Share Discussion Threads

[cwa1] 09/11/2015 15:37

FWIW, I drifted out the trading stock at almost 332p, for a very nice turn in short order. Happy with that. Eyes now peeled for a decent re-entry point! If I miss it, sobeit....

[cwa1] 04/11/2015 15:33

Indeed jonwig, tongue firmly planted in cheek for my comment. Happy to get them where I did and, as you say, luck or skill will decide what comes next. Good fortune to all with their holdings.

[jonwig] 04/11/2015 15:27

CWA - I meant ... you'd tried the play a few times before nailing it then landed one. What comes next is yet more luck (or skill).

I think the IC point about CSN and Solvency 2 is correct: annuities aren't significant, so they can observe industry standard models. There's uncertainty because it's still not clear what the regulators have in mind beyond that.

Eastbourne - if only I could be online at the right times, I'd be following your recipe. And whatever the closing price on any day, I've missed the trade for next morning.

[eastbourne1982] 04/11/2015 15:17

This is just a rinse and repeat scenario, buy at £3.16, sell at £3.30, sounds low return however if you do it ten times a year you are making the equivalent of 40% plus after costs.

[cwa1] 04/11/2015 15:09

Lucky?? Ahem. The jury is still WAY out on that one until it's sold and cash is in the bank!!

[jonwig] 04/11/2015 15:01

eggs - read the recent posts (to a month back) about bot trades - and how CWA1 got lucky!

[eggbaconandbubble] 04/11/2015 14:26

What's caused that I wonder?

[hieronymous1] 04/11/2015 10:18

If the management is correct in its assumptions, Chesnara seems well placed to weather the changes.

Any company in any regulated industry is subject to political risk from random acts of insanity and malice.

[wayneduncan] 04/11/2015 08:59

As per recent investors chronicle article is it the concerns about solvency 2 that are weighing on sentiment here???

[cwa1] 27/10/2015 11:41

No, definitely not every time. Had an order on and off over the past couple of months without any bites, so was surprised to see it filled this am. Cue price slump this afternoon no doubt now.......

[jonwig] 27/10/2015 11:38

Well done! I think that's the only way to trade this at the moment, and you won't succeed every time!

The number of small AT trades today is ridiculous!!

[cwa1] 27/10/2015 11:30

Morning

Put an order on the book this morning at what I thought was a reasonable price of 312, went off to the bank and, to my surprise, I got filled. Now, of course, I'm wondering if I should have been meaner with my order :-)

[sogoesit] 27/10/2015 10:57

Yes, I have noticed that too, jonwig.
iDealing can take upto 3 or 4 minutes to process then execute a trade and, given the spread they quote on their screens, it looks pretty certain they are going elsewhere than the order book.
In these cases, even with my limit price away from the quoted bid or offer, I get an "Active" indication for about 1-1.5 minutes then a "Suspended" indication for about the same amount of time. The trade dosent always appear on L2 and doesnt register on the order book.

[jonwig] 26/10/2015 14:37

At the dip before noon, the quote was around 311 - 317. The best I was offered was 316 so I left it alone.

To beat the bots, you need a narrow spread and the ability to deal at that spread. Because some brokers go to MMs and not to the order book, that's not easy!

[pyemckay] 23/10/2015 18:54

still have a few speculative buys set incase the price drops again. It has done twice this month already.

[sogoesit] 23/10/2015 18:21

Continues to manage to bounce off 320p and base on the upward trend line (blue) which is about 10%pa. Capped at 360p... for the time being.
Good solid quasi bond with growth in dividends; one of my core holdings.

[jonwig] 22/10/2015 07:49

Seems to be a negligible part of their business. In March they said:

About the time of writing my statement in last year's Report & Accounts the UK Government had just announced proposed changes to the annuity market. Shortly after, the FCA announced its intention to undertake a full review of legacy closed book operations. Our early assessment of the potential impact of these two issues was that Chesnara would not be materially affected. We have worked to support the FCA legacy review and our assessment of these two issues remains unchanged. That said, the fact is that until the FCA concludes on the scope of the legacy review a degree of uncertainty of impact remains and management will manage the risk through the general governance and risk management framework.

[eggbaconandbubble] 22/10/2015 07:36

Telegraph today. Sales of annuities are down 90% since introduction of new pension freedom rules. Will this eventually have an impact on CSN? Anyone?

[chairman20] 21/10/2015 11:52

We are seeing in one small share the
major impact of regulation killing
liquidity in the stock market

[lord gnome] 21/10/2015 10:47

A very late answer to your question Silver Tortoise, but yes, it happens all too frequently that when the market gets 'interesting' you are unable to buy or sell a share a anywhere near to quoted prices. Clearly something is going on behind the scenes and until it clears, normal service will not be resumed. I hate being locked out of a bargain, so this is where spread betting does have a certain positive

[silver tortoise] 16/10/2015 17:38

Very frustrated with the Share Centre today tried to buy at 311 wouldn't let me at that price only kept offering 323-325 saying can't trade shares electronically,anyone else had a similar experience ?

[pyemckay] 16/10/2015 16:00

I managed to get a spread bet buy at 312. mental pricing this afternoon.

[eggbaconandbubble] 16/10/2015 08:46

Looks like the M&M's are still bu_gering around with prices!

[jonwig] 12/10/2015 17:14

HFT trader(s) again, judging by the large scatter of small lots. This will drive down the price if it sucks holders into selling, thinking something is wrong.
It's happening with another share I hold (JLG) but the sells are being absorbed.

Relax, and if the price takes a dive on this, dive in yourself. I'd be worried only if there was sustained selling in lots of four or five figures.

Whoever is doing this will make only a small profit and is incurring quite high costs for access to the order book.