Share Name Share Symbol Market Type Share ISIN Share Description
Chesnara LSE:CSN London Ordinary Share GB00B00FPT80 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -0.42% 352.00p 353.00p 355.00p 359.50p 353.00p 355.50p 174,016 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 823.0 89.6 52.4 6.7 527.51

Chesnara Share Discussion Threads

Showing 1651 to 1675 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
19/9/2018
07:06
The FCA has closed its investigations into the life companies without further action: https://www.investegate.co.uk/financial-conduct/rns/fca-investigation-into-life-insurance-companies/201809190700021766B/ Countrywide the CSN one.
jonwig
14/9/2018
12:49
speeds - yes, thanks ... so rather opaque, and their largest slice!
jonwig
14/9/2018
12:23
jonwig - Definition of Collective Investment Schemes according to Blackrock... HTTPS://www.blackrock.com/ch/individual/en/education/understanding-investments/collective-investment-schemes Also this taken from CSN 2017 Annual Report pg125 under 'Insurance contracts with discretionary participation features'... For the CA (S&P) business the primary investment objective of the with-profits policyholder funds is that the guaranteed minimum benefits of the with-profits policyholders should be met entirely from the policyholder funds. The secondary investment objective is, where possible, to provide a surplus in excess of the guaranteed minimum benefits. The entire surplus in the policyholder fund accrues to the with-profits policyholders. Any deficit in the policyholder fund is ultimately borne by shareholders. Therefore the group has a significant exposure to market risk in relation to with-profits business should the with-profits policyholder assets be unable to fully meet the cost of guarantees. To achieve the investment objectives, the funds may invest in a range of asset classes including property, equities, fixed interest securities, convertibles, cash and derivatives, both in UK and overseas. Such exposure may be achieved by investment in collective investment schemes (including such schemes with total or absolute return objectives or which include investments in commodities). Investment guidelines restrict the level of exposure for certain asset categories. In respect of derivatives, these may only be used for the purposes of reduction of investment risks and efficient portfolio management.
speedsgh
14/9/2018
10:46
My position here is very small as not in favour of the minimal BOD holdings (as previously mentioned). Prefer to see directors have far more skin in the game, tends to concentrate the mind, particularly when it comes to acquisitions. Appreciate others may view it very differently.
essentialinvestor
14/9/2018
09:47
I was probably wrong. At 31/12/17 they held; Equities ....................... £0.5bn Collective Investment schemes .. £5.2bn - meaning what? Bonds, other debt secs ......... £1.6bn
jonwig
14/9/2018
09:36
Jon, thanks.
essentialinvestor
14/9/2018
09:33
zeppo - its foreign currency earnings will improve, yes. But holding Italian bonds is maybe not so clever! EI - I think it has more bond than stock investments, but haven't checked recently. Stock market falls will certainly impact negatively, but rising interest rates will compensate up to a point, as maturing bonds are reinvested at better rates.
jonwig
14/9/2018
09:03
Out of favour atm. Market concerns about potential impact of wider stock market falls?, as we look late in this cycle..
essentialinvestor
04/9/2018
11:43
speedsgh Thank you for the link. more Is CSN a possible post Brexit currency play? If the pound weakens will CSN be earning more in other currencies? z
zeppo
04/9/2018
11:19
Brief post-results interview with CEO John Deane... HTTPS://youtu.be/mRoLMBrnPw4 John Deane, chief executive of Chesnara PLC (LON:CSN) tells Proactive's Andrew Scott the first half saw them generate more than sufficient cash to fund their dividend strategy.
speedsgh
30/8/2018
13:43
In view of the general uncertainty in shares, current for the time being, the results look rather appealing. The share price hasn't moved much over the past few months and that shows the business is fairly stable. I know I am investing for income and remain fairly happy about today's statement.
propertyman
30/8/2018
13:39
Easy to find dividend data here: htTps://www.dividenddata.co.uk (CSN not posted yet, 'tho)
sogoesit
30/8/2018
10:57
John Deane’s summary statement included: “The strong 2017 results were most welcome as they reflected the benefits that can arise from successful acquisitions and from positive market conditions, but it is equally important that the business, as in the first half of this year, can generate sufficient cash in the absence of acquisitions and without the assistance of economic tailwinds. “ Having raised resilience and robustness, I would have liked to see a further comment on the potential impact of any substantial market/economic setback. Not so much for whatever details, but for reassurance that they have it in mind. I expect that they do, but hopefully something better than “your guess is as good as ours”. PS: Thanks for the general comments on the results. My view is "sort of ok as far as I can make out".
hew
30/8/2018
10:36
Zeppo - I wouldn't say always - some companies are very good at highlighting these early on in the statement imo
joe say
30/8/2018
10:15
Why are dividend pay dates always difficult to find? In for income so small increase welcome. z
zeppo
30/8/2018
09:30
"desperate"... Lol! I live in Hope... and that's not a small town of the same name!
sogoesit
30/8/2018
09:27
Sogoesit - yes, according to Phoenix there are lots of companies keen to offload their closed books. Some of them might be desparate enough to give us a price we'd like.
jonwig
30/8/2018
09:18
They see themselves as "cash rich" enough for further acquisitions: Chairman states: "During the period we finalised arrangements to form a broader debt syndicate and this, together with increases in solvency surplus, means we are in a strong position to fund future acquisitions where they meet our assessment criteria." and "We now have sufficient scale and presence in both the UK and the Netherlands to continue our focus on acquisition activity in those territories in a disciplined manner. We also remain open minded about new territories but the benefits would need to outweigh the inherent challenge of adding another regulatory environment into our business model. Our balance sheet has further capacity for debt and having completed a debt syndication process, we are in a strong position to take advantage of the balance sheet capacity. We have significant levels of surplus capital and recent experience suggests we retain shareholder support for further equity for the right deal. This together with operational capacity means we remain well positioned to act should an opportunity arise that meets our stringent price and risk profile criteria." When/where/how/what/who remains to be seen....
sogoesit
30/8/2018
08:40
Agreed, and it will no doubt dive along with the rest of the market when a long overdue material correction does eventually arrive. I have always found CEO purchases (both Graham Kettleborough & John Deane) a good buy indicator with CSN. They have generally tended to time their purchases rather well.
speedsgh
30/8/2018
08:30
speeds - it does dive from time to time (last June, say). I'd add a few if that happens.
jonwig
30/8/2018
08:20
3% increase in interim dividend offset by 3% fall in EcV means that the share price will probably at best trade sideways for the foreseeable future excepting the emergence of any unscheduled acquisition news. That is of course applying logic to the situation which in the case of the stock market is often a pointless exercise!
speedsgh
30/8/2018
08:15
FWIW my impression was 'nothing really bad, nothing really good'. Results adversely affected this time round by FX movements. Another small 3% tick up in the interim dividend most welcome which is of course the majority will be invested here. The word 'dividend' features 99x in the rns. Scildon still a work on progress: "Scildon's new business operation is not generating sufficient profit although positive volume trends and the recent launch of a new mortgage term product should begin to address this issue". "We have made good progress with the [Scildon] post-acquisition development programme". "All divisions have made positive contributions, with the exception of Scildon, where operational gains were offset by the impact of losses on Italian bond holdings." "We have made good progress with the Scildon development programme and I am pleased to report a 29% increase in the sales of Term contracts compared to the first half of 2017. There is more to do and time is required but I am encouraged by the improvements during the year."
speedsgh
30/8/2018
08:07
Agreed - its around about the 91st time the word 'dividend' is used in the announcement out of 98 mentions Muppets imo What do they think shareholders want?
joe say
30/8/2018
07:57
H1 results: https://www.investegate.co.uk/chesnara-plc--csn-/rns/half-year-report/201808300700082038Z/ As usual, they make you hunt for the dividend dates: xd 6 Sept, pay 12 Oct. Rate 7.21p. I gave up on trying to get a pattern: too many exceptionals working in both directions. Weakness of Swedish krona a bit of a downer. Ec Value 468p after the forex downgrade. 17% discount.
jonwig
29/8/2018
12:44
Correct. "Chesnara plc, the life assurance group, will be reporting results for the half year ended 30 June 2018 on Thursday, 30 August 2018. A presentation for analysts will be held at 09:30, on 30 August 2018 at the offices of Panmure Gordon, One New Change, London EC4M 9AF."
speedsgh
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