Chesnara Share Discussion Threads

[cassini] 13/4/2024 00:16

These pension companies are a bit complicated to analyse, they seem to have their own, arcane performance metrics.

PHNX's chart over the last two+ years doesn't look good - perhaps bonds and interest rates have weighed on it here - but their recent set of results was well received and seemed to trigger the start of a rerating, but the divi (just increased this year) is still very large in terms of yield and large biannual divis seem to generate distorted price action around ex-divi days.

I'm looking to top up on PHNX but I think getting a good entry price is key - I will keep an eye on it next week, it could continue to fall for a week or two if it behaves like MNG did when it went ex-div recently, as punters lose interest...but who knows...

Added complications are that the US stock markets seem to me ready to roll over, there is clearly stress in the US debt market (US 10 Year Treasury has pinged up to 4.5+%), gold has gone parabolic plus it's nearly May then we're in the summer doldrums.

Tricky...

[lord gnome] 12/4/2024 22:57

Up like a rocket and down like its stick. Disappointing even allowing for the nice ex-div. This deserves a rerating but it looks to be back into its recent trading range. Bah! It’s the hope that kills.

[aleman] 12/4/2024 19:05

Or you could ask on the DIVI thread. It's a bit slow there but would be more active if more people took their "off-topic" chat about other dividend shares there instead. ;-)

[1knocker] 12/4/2024 16:36

I often find posts on boards for similar stocks more objective about a stock than the posts on the dedicated board. Fewer looking for confirmation, and less extreme mood swings!

[cwa1] 12/4/2024 15:55

Lots of folk on the Phoenix thread do. Might be worth doing bit of reading there

[1knocker] 12/4/2024 15:48

I am eying up Phoenoix Group. Anyone have an thoughts?

[makinbuks] 12/4/2024 08:35

I don't think IFRS EPS is particularly important but that's a huge reduction rather casually dismissed.

Perhaps it just shows how volatile this measure is which is not realy what you expect from "steady eddie" CSN

[speedsgh] 11/4/2024 10:56

From the Hardman note:

~ 2024 EPS downgraded from 38.6p to 33.8p.
"A couple of operating lines were worse than expected, which has led to a downgrade to our estimates. The adjustments to new business and operating experiences/assumptions have led to downgrades of our 2024E EPS, to 33.8p from 38.6p. We have introduced 2025E EPS of 34.6p."

~ 2024 DPS estimated at 24.69p, an increase of 3% (2023: 23.97p)

~ Valuation: "With a price at approximately 80% of its forecast Economic Value,
Chesnara seems undervalued. A prospective dividend yield of 8.8%, with good
prospects of continued growth, also suggests an undervalued stock."

[speedsgh] 11/4/2024 10:41

New Hardman research note (commissioned by CSN)...

Good 2023 results set platform for future progress -

[mister md] 11/4/2024 08:09

'The recommended final dividend of 15.61p per share is expected to be paid on 28 May 2024. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 11 April 2024.'

[skinny] 09/4/2024 10:13

Also its had quite a run recently :-


free stock charts from uk.advfn.com

[orchestralis] 09/4/2024 10:10

People selling out before xd drop.

[cassini] 08/4/2024 13:51

CSN always a little slow to the party.

[mister md] 05/4/2024 09:04

Chart looking impressive now.

[cassini] 03/4/2024 19:35

Back up to my average price now ;0)

[dosser50] 03/4/2024 19:12

Not an exciting share but makes you wealthier. Slowly but surely.

[1knocker] 03/4/2024 17:15

It begins to look (fingers cossed) as though those of us here who were buyers under 260 may have got it about right. I hope i am not temping fate.

[mister md] 03/4/2024 15:06

Director buy.

[mirandaj] 30/3/2024 07:41

Thank you for that unastubbs.

As I have said in the past, "Earn cash" is an anagram of Chesnara.

[unastubbs] 30/3/2024 07:09

Tempus The Times

[makinbuks] 28/3/2024 16:14

Disappointing that new business was down at Scildon (-11%) and Movestic (-18%)

[luderitz] 28/3/2024 16:03

Volume seems very high today by the looks.

[mirandaj] 28/3/2024 16:01

Investor Relations shows today's presentation:


Scroll down

[1knocker] 28/3/2024 10:53

You have trumped me then, P, as mine was at 179.

My last sale was at 307, followed by repurchase and top up at 260, and a tad under 253 though!

It would be great if we can re-establish the old 275 /305 trading range. For years it was just a case of setting the limit orders and letting them get on with the job.

Over the years, trading that range has been at least as lucrative as the dividend . Together, they have provided a very impressive return on a 'boring' stock.

[phillis] 28/3/2024 10:11

Agreed mr B
My first purchase was at £1.70