Chesnara Share Discussion Threads

[washbrook] 26/6/2008 16:32

Robsy2
Markets.

[robsy2] 26/6/2008 15:42

so why the big fall?

[washbrook] 26/6/2008 12:32

NOW 143p on offer yielding 11.576% on 2009 forecast.

[washbrook] 26/6/2008 10:50

Having sold at 166.5 after xd itching to buy 10000 shares now at 145p(145.8345 including costs) yielding on 2009 forecast dividend of 16.65p at 11.41%

[chairman2] 26/6/2008 10:18

nothing to hold it up

instis on strike not buying financials

[robsy2] 26/6/2008 09:33

What going on here? I sthis falling because the markets are ? The reason I bought it was to avoid that! Ever since the CEO bought some its benn in freefall.

[chairman2] 22/5/2008 16:44

yup nice chunky one

[al101uk] 22/5/2008 10:40

Dividend arrived this morning :-)

[al101uk] 21/5/2008 13:28

Nothing here, expected it this morning, as it normally takes Chesnara divis 24 hours to hit my account. Unlike most others which hit same day.

The other weird thing about Chesnara is the divis don't show in my dividend history on my account... but I'm not worried about not getting my divi... yet ;-)

[anon23] 21/5/2008 11:23

Anyone else received their dividend yet? pay date was ment to be yesterday right?

[chairman2] 19/5/2008 17:00

not a lot happnening

[meadow50] 19/5/2008 11:19

Today's update fine.Div yield 9.5%.Shares should be up,not down in my opinion.Not a very busy thread this one

[owen999] 13/4/2008 13:07

Investors Chronicle


Chesnara is one of the few companies in the financial sector that has not seen its share price crumple since the start of the credit crunch. Despite a lack of acquisitions in 2007 it has an attractive dividend yield and little exposure to equity markets at a low cost base. Buy.

[owen999] 13/4/2008 13:03

Investors Chronicle


Chesnara is one of the few companies in the financial sector that has not seen its share price crumple since the start of the credit crunch. Despite a lack of acquisitions in 2007 it has an attractive dividend yield and little exposure to equity markets at a low cost base. Buy.

[kirbydon] 11/4/2008 08:28

Thanks all

[kirbydon] 10/4/2008 18:26

Question from a novice.If I buy on the record date i,e 10/05/2008 will I get the divi Thanks

[owen999] 09/4/2008 16:42

5p down on day gone xd

[owen999] 08/4/2008 12:27

03-04-2008 03.04.08 :+3.5, (168) higher midmorning after "solid" full-year results prompted Panmure Gordon to reiterate its �buy� rating and 190 pence target price, according to market sources. Chesnara reported a pretax profit of 6.4 million pounds on a European Embedded Value (EEV) basis, down from 30.6 million pounds the previous year. Pretax profit on an IFRS basis increased to 27.7 million pounds from 25.0 million in 2006. The company said it had no direct exposure to the credit crunch and is paying a final dividend of 9.85 pence per share, taking the total payout for the year to 15.1 pence, an increase of 15.3 percent. Panmure Gordon said Chesnara�s results were solid and largely in line with its expectations on an IFRS basis. The broker said it expects further sizeable normal dividend distributions in the future, despite the shares currently yielding 9.2 percent. In other comment, Numis Securities said it is keeping its �add� rating on Chesnara, saying the group is a "relatively safe port in a financials storm", adding that predictable cashflows are particularly attractive. Numis has a 183 pence target price on the company.
05-09-2007 05.09.07 :+2.25, (166.25) the closed life fund group reported an increase in first-half pretax profit, leading Numis Securities to upgrade its stance to �add� from �hold�. Chesnara reported a 17% increase in pretax profit for the six months to end-June to 12.4m, from 10.6m in the year earlier, helped by lower endowment complaints, improved mortality and positive economic factors. The company raised its interim dividend 4% to 5.25 pence, from 5.05 pence earlier and said it continues to seek acquisition opportunities which could leverage value from its existing capabilities. In reaction, Numis said the results were better than expected, adding that it has added 1m to its forecasts for this year and next in anticipation of further releases. Numis added that, following its increased forecasts for Chesnara, it has also modestly raised its target price to 183 pence per share from 180 pence and raised its dividend forecast for the group. The broker said the dividend remains a key attraction to the shares, as it forecast a yield of 8.2% this year and 8.4% for 2008. Meanwhile, Panmure Gordon also upgraded the stock to �buy� from �hold� and raised its target price to 190 pence from 185, as the broker said the shares are trading at an unwarranted 9% discount to embedded value.
20-07-2007 20.07.07: -0.25, (169) IC says buy (169p) : BULL POINTS Attractive dividend yield - Prospect of fat one-off payout - No exposure to weak equity markets - Efficient operator BEAR POINTS Possibilty of more regulation - New acquisitions tougher to find
05-10-2005 05.10.05 :-1.25, (167) lower in early deals as a weaker-than-expected interim embedded value offset otherwise robust results, prompting some investors to cash in on recent gains, dealers said. The closed life fund operator turned in better than expected half-time profits, buoyed by efficiency gains and comparatively lower provisions against possible endowment mis-selling claims. But Panmure Gordon said embedded value per share of 173 pence was 1/2% below its forecast. Nevertheless, Panmure reiterated its �buy� rating and 190 pence target and noted the outlook statement was optimistic. Meanhwile, Numis stuck to its �reduceᦙ3; rating and said the results came in slightly ahead of its own expectations. It added as expected, results in the first half were affected by an increase in the provision for endowment mis-selling given the recent rise in the number of complaints. The provision was increased by 3.9m, slightly higher than the 3.0m it had been expecting.
19-07-2005 19.07.05 :-0.25, (167.75) an article in the Times reports: Chesnara fell 2.75p to 167.25p as Numis Securities, its stockbroker, advised clients to take profits.
23-06-2005 23.06.05 :+7.5, (161) an article in the Express reports: the shares rose 3.5p to 153.5p amid suggestions of a cash bid of 170p with Hugh Osmond cited as a possible buyer.
14-06-2005 14.06.05 :+2.75, (146.75) an article in the Guardian reports: the shares rose 6p to 144p on talk that it may be a reverse takeover target for entrepreneur Hugh Osmond, who recently bought the closed life funds of Henderson Group.
15-04-2005 15.04.05 :+0.25, (132.75) IC say buy (133p) - BULL POINTS Fat dividend yield - Further cash returns possible - Acquisition target Potential for expansion through acquisition BEAR POINTS Value of company will decline over time - Increasing endowment mis-selling claims
23-03-2005 23.03.05 :+3.75, (123.5) an article in the Independent (Investment column) comments: the attraction of the closed life books is that they generate a consistant cash flow which provides the funds for its 10 per cent dividend. Chesnara has 25 per cent more capital than the regulatory requirement and would like to buy other small closed life books to buy to add to its existing one. If the right deal does not appear, management say they will return the cash to shareholders. Chesnara reckons 80 per cent of its life customers will disappear as policies mature within 10 years. However it is likely to be bought by one of the bigger closed life book groups in this consolidating sector well before this happens. The stock is hardly followed by analysts, which means there are no earnings forecasts for the current year. The shares trade on 30 times 2004 earnings which included an unexpectedly large provision for mortgage endowment mis-selling compensation. This is unlikely to be repeated. Buy, the paper says.

[chairman2] 07/4/2008 16:37

between 5p and 10p!!