Chesnara Share Discussion Threads

[london calling] 23/3/2012 16:54

but the stock market low for both was october 11th. A big increased by end Dec with more to come in the first quarter.

[aleman] 23/3/2012 12:20

Stockmarkets and discount rates were low at Dec 31st. Won't results be weakish, with a much better Q1 in prospect?

[retsius] 23/3/2012 12:15

My thoughts exactly LC

[london calling] 23/3/2012 12:03

I have been looking at their recent quarterly reports and they said that their EEV had been adversely hit by the downturn in equity markets in the UK and Sweden. But this only related to the period until October since when both stock markets have rebounded strongly. Sweden and the uK are both up c. 20%. Sweden OMX is up from 900 to 1100. I thus suspect that the results for the year ending 2011 are likely to be quite good and bought first thing this morning.

[vosene] 23/3/2012 11:08

One can only note that the company keeps increasing dividends and sailed through the last financial crisis without a scratch. They have a great track record and deserve the benefit of the doubt, until proven otherwise!

[harmonics] 23/3/2012 11:02

What's the feeling about the 30th, any indications?

[gary1966] 21/3/2012 14:26

Yes if similar time to last year.

[cestnous] 21/3/2012 08:57

Ex div about 6th April?

[soi] 19/3/2012 16:38

CSN the liveliest of my holdings today, and on no news
Update on the 30th I think.

[harmonics] 19/3/2012 16:32

Gordon Bennett - I'm in the blue after carrying losses for the last 4 months.
How solid is the dividend?

[aleman] 19/3/2012 16:28

Bit of a jump!

[vosene] 13/3/2012 14:05

I've accumulated a stake over the last few weeks. Curious price action over that time. Virtually all small PI trades were buys, counterbalanced by I presume a few larger institutional sells. Trades today do not look any different but it spikes...

Agree this should move up as people buy in to what looks like a pretty safe company with a high yield, soon to pay out.

[gary1966] 13/3/2012 13:58

Because it is undervalued, on a good yield and hopefully people are starting to wake up to this. It also feels like there is a subtle move away from risk, like last year, and if so we may be benefiting from this.

[lynton3] 13/3/2012 13:55

Does anyone know why the priced has spiked today?

[stevenlondon3] 05/3/2012 10:00

Falling bond yields though also increases the discounted value of the liabilities and so overall could have a negative impact on EV. That is what happened in the third quarter.

[jonwig] 04/3/2012 18:44

The problem with all insurers is that they are largely invested in bonds. These give a fixed return until they mature and the proceeds get reinvested.
It's at this point that lower returns need to be accepted.

Their latest IMS (Nov 2011) gives a good summary of how various factors affected the EEV:



It's far from simple!

[gary1966] 04/3/2012 18:00

Bond yields fall, underlying value of the investments rise. Should enhance EEV as value of bond investments have increased.

[stevenlondon3] 04/3/2012 13:03

What has been the negative impact from the fall in bond yields?

[gary1966] 26/2/2012 22:39

Considering an investment here. EEV must have improved markedly with the fall in bond yields and the increase in global stock markets.

[fenners66] 09/2/2012 19:05

Looking at the chart suggests we may be able to get some more at a lower price yet

[vosene] 09/2/2012 11:08

Same here, bought a few yesterday. I've been gagging to bag a few of these at these depressed levels. Great yield and an excellent history of paying out. A useful part of a High Yield Portfolio.

[cestnous] 09/2/2012 11:05

Bought a chunk today for income (and possible capital appreciation).

[fenners66] 09/1/2012 15:30

Cos I didnt buy any more!

[harmonics] 09/1/2012 14:54

Anyone know why we are on the rise?

[phillis] 21/12/2011 12:40

this is the price area I originally bought and I have added