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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Chesnara Plc | CSN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.39% | 252.50 | 16:29:57 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 252.00 | 251.00 | 253.00 | 252.50 | 253.50 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 28/03/2024 | Final | GBP | 0.1561 | 11/04/2024 | 12/04/2024 | 28/05/2024 |
| 21/09/2023 | Interim | GBP | 0.0836 | 28/09/2023 | 29/09/2023 | 10/11/2023 |
| 30/03/2023 | Final | GBP | 0.1516 | 06/04/2023 | 11/04/2023 | 26/05/2023 |
| Interim | GBP | 0.0812 | 08/09/2022 | 09/09/2022 | 21/10/2022 | |
| 31/03/2022 | Final | GBP | 0.1472 | 07/04/2022 | 08/04/2022 | 24/05/2022 |
| Interim | GBP | 0.0788 | 09/09/2021 | 10/09/2021 | 22/10/2021 | |
| 30/03/2021 | Final | GBP | 0.1429 | 08/04/2021 | 09/04/2021 | 24/05/2021 |
| Interim | GBP | 0.0765 | 08/10/2020 | 09/10/2020 | 13/11/2020 | |
| 30/03/2020 | Final | GBP | 0.1387 | 23/04/2020 | 24/04/2020 | 02/06/2020 |
| 29/03/2019 | Interim | GBP | 0.0743 | 05/09/2019 | 06/09/2019 | 11/10/2019 |
| Top Posts |
|---|
Posted at 19/7/2024 14:51 by shbgetreal The opportunity to buy a conservatively run company which has consistently increased its divi over the past couple of decades and easily has the means to continue to do so going forward at a price (244) where yield is c.9.80%, in your mind becomes a reason to sell? |
Posted at 16/7/2024 09:36 by wllmherk Fair enough Jubbers, I guess we all have our own style of investing. I continue to hold and have been adding to my position as CSN has not rallied along with some of my other financial stocks and I can't see any obvious reason for the share price weakness. With a market cap of £380m, a positive set of results announced in March 2024 and a dividend yield of 9.5% I see no reason to sell. Furthermore, I wouldn't be surprised if these get bought out......PHNX perhaps.wllm :) |
Posted at 15/7/2024 21:26 by wllmherk You panic too much Jubbers, dealing costs must hit your profits. You only bought into CSN on Friday, what changed over the weekend?There will always be some reason one can find to sell shares, but, if you are so jittery perhaps the stockmarket is not for you. wllm :) |
Posted at 01/7/2024 14:25 by 1knocker I don't see the election result moving the dial here.The factor depressing the csn SP, and most companies in the financial sector, is the risk from bonds, and the mayhem in valuations and risk/reward of swaps and bond derivatives caused by sharp rises in interest rates after a decade and a half of very negative interest rates . The bond/ interest rate chickens have to come home to roost unless central banks go into sharp reverse on interest rates, and the derivative market is so huge that it is impossible to know how far the shock waves will travel amongst banks and companies in the financial sector with large direct and derivative holdings of 'risk free' government bonds. If the dam breaks CSN and the whole sector is way over valued and will face huge losses and share price falls. If it does not, they are way undervalued and will continue to pay huge dividends, though their SPs will probably not rise significantly until the bond risk ceases to be (or rather ceases to be perceived as) a concern. That's how I read it, anyhow. |
Posted at 28/6/2024 17:56 by kernelthread Every time this starts to rise a little bit, it gets slapped back down again quick time. I'm starting to wonder if there are some skeletons in the cupboard somewhere with this? The dividend is great, but only if it can be maintained. A dividend cut or major dilution would see the price drop into the gutter. |
Posted at 21/5/2024 11:11 by 1knocker Its quite true that the sector, as well as CSN, is cheap (or low). I would feel a lot more comfortable if I knew why. My anxiety is that the very sudden change in the inerest rate environment may have caught companies on the hop. I am very surprised there have been so few casualties, and wonder if they are yet to come, if interest rates stay 'higher for longer'.As to low prices being a cause to rejoice, I agree, provided one is confident that a company is indeed strong (with no unseen sand in the works) and merely dragged down with the sector. As one who donkey's years ago bought his holding in L%G at under £1, and 70% of his holding in CSN at 179, i have cause to celebrate opportunities to buy low! With trading in and out and dividends, both those holdings are now 'free', but that is not to say i would not take a hit if the wheels were to fall off. i hope you are right about Phoenix, as I recently stated a position there. I hope for the best, but it does no harm to take a look over one's shoulder to see if there is a bloke with a cosh coming up behind. The problem with financial stocks though is that it is too dark for the ordinary Joe like me to see until it is too late! |
Posted at 08/5/2024 13:42 by 1knocker I think the fall in the share price probably has 2 related causes, first that no one really knows yet what the impact of a sudden reversal of a decade of negative after inflation interest rates will be on its investments (the remarkable feature is how few casualties such a sea change has caused so far), and secondly the CEO has no real track record yet but looks as though he may be more 'adventurous' than his predecessor.Any lurking anxiety that the wheels could fall off is particularly bad for the share price of any financial business, because disaster can strike suddenly and catastrophically. I have nio reason to think that CSN is vulnerable, but nor have I any reason to fear for Legal and Gen, a much bigger outfit, with an apparently very strong balance sheet, highly profitable, and with an share price which has also languished for years as the dividend has steadily risen. The share price weakness has been going on so long that I don't think it can be put down to a big seller in the background. If CSN is sound, this a very extended buying opportunity. If not, its a sell at pretty much any price. I have a significant personal interest in it being the former! |
Posted at 11/4/2024 10:56 by speedsgh 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/assumpti ~ 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." |
Posted at 27/3/2024 20:21 by 1knocker If the dividend is increased in ine with the historic trend, the lsat few months have provided a great entry point.Fingers crossed, as I am currently heavier CSN than I have ever been before. In fact my net price is up to 25p per share after trading and dividends! CSN has done me very well over the years, taking the dividends and trading the range. I do hope that continues and the next dividend gets me back down to (nearly) net zero cost - with no allowance for inflation of course. The disconnect between rising dividend and flat or falling share price range is a complete mystery to me. |
Posted at 31/10/2023 23:40 by cassini JJ,It is true that Chesnara has a bit of a spread compared to some larger insurers. I presume it is more thinly traded. I won't buy shares with a large spread either. However, I found that if I bided my time the spread would eventually narrow and present an opportunity to buy. It might take a day or two or a week, but it always narrowed to something acceptable at last. The other thing about spreads is that the spread reported on platforms like ADVFN is usually, but not always, what you get if you ping your trading platform for an actual quote, so if feeling lucky, try getting an actual quote. The stock markets are concerning me at the moment. I'm trying hard to sit on my hands. A bear market may be upon us already, albeit only the early stages. In fact, I might even reduce my share holdings a bit if we get a 'Santa Rally' bounce in the markets here. I'm getting nearly 4% interest with my SIPP/ISA broker, II, which would take a bit of the sting out of being in cash. Or I could park my money in QUID, which is a very short duration securities (bonds, gilts etc) ETF which always hovers at about £1.00 but pays about 4.29% monthly 'distribution yield' at the moment. On the other hand there are some stonking dividend yields available right now. It's a dilemma. If you want more secure dividends, there are also always the (fixed dividend) prefs. If you buy cumulative ('cum') prefs they still owe you the divi even if they can't pay it this time around. Also, Pref holders are preferred (hence the name) to ordinary share holders if money for a full dividend payout is short in hard times. I hold GACA, AV.A, SAN, INVR. Prefs have their own quirks of course and trade more like bonds than shares, so are sensitive to the central bank base rates. Rising rates will depress their value and vice versa. Probably you know all this already but I mention it as you sound like you rely on dividends. |
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