Chesnara Share Discussion Threads

[patient fox] 28/3/2024 09:07

Yes when rates are cut will look even better.

[theapiarist] 28/3/2024 08:47

Uninspiring, Wizard. Possibly, but isn't that what CSN is supposed to be?

3% rise in dividend may be less than inflation but 9% pay out certainly isn't!

[wizard2020] 28/3/2024 08:22

Uninspiring. The fact that the share price rose shows how negative the market view was. Div effectively falls in real terms.

[jonnybig] 28/3/2024 08:19

Shame the excess cash is not being used for a buyback. Missed opportunity.

spud

[panshanger1] 28/3/2024 07:59

Very solid set of results I would have thought

[luderitz] 28/3/2024 07:44

It’s not about anyone calling it right or wrong it’s about a continuous increase in share price generally.

[mirandaj] 28/3/2024 07:28

Tag57 called it right in 2359

[skinny] 28/3/2024 07:01

.

CONTINUED STRONG CASH GENERATION WITH POSITIVE OUTLOOK FOR FURTHER M&A



Chesnara reports its 2023 full year results. Key highlights are:



· Completion of the acquisition of Conservatrix's insurance portfolio in the Netherlands

· Acquisition of an individual protection portfolio from Canada Life UK

· New UK strategic partnership with SS&C Technologies for policy administration

· Strong group commercial cash generation of £53.0m (FY 2022: £46.6m)

· Robust solvency of 205% (FY 2022: 197%), materially above our 140 - 160% normal operating range

· Economic value ("EcV") of £524.7m, 348p per share (FY 2022: £511.7m, 340p per share)

· Commercial value of new business of £10.1m (FY 2022: £9.5m)

· Proposed 3% increase to the full year dividend (total 2023 dividend of 23.97p per share)

· IFRS pre-tax profit of £1.8m (FY 2022: £62.1m loss)

[1knocker] 27/3/2024 20:21

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.

[tag57] 27/3/2024 16:42

They consistently raise the divi by 3% pa so hope this will continue - should be just shy of 24p.

[boystown] 27/3/2024 13:25

Great thanks CWA1 - fingers crossed

[cwa1] 27/3/2024 12:49

FWIW, broker consensus estimates are for 37.8p for normalised earnings and 24p for dividend

[luderitz] 27/3/2024 12:38

It is a reasonable question that boystown has asked.

[1knocker] 27/3/2024 12:08

Is 24 hours too long to wait to find out?

[boystown] 27/3/2024 11:25

Does anyone know what we're expecting tomorrow in EPS / divis?

[igoe104] 23/3/2024 10:56

Results this Thursday, hopefully a jump back over £2.80 is on the cards... these have certainly lots of catching up to do, with alot of the other insurance companies...

[skinny] 22/3/2024 13:37

Thanks Cassini.

[skinny] 22/3/2024 11:54

I haven't really looked at these since I last sold in 2015.

A lazy question and I'm happy to be told DYOR - but what's the general consensus (if any) for the up coming results?

[ammons] 22/3/2024 11:50

Phoenix have published good results, so have JUST, XPS Pensions. Hopefully CNS will too.

[cassini] 22/3/2024 11:40

Yep I bought some more PHNX on that planted story in the Times on Monday.

[1knocker] 22/3/2024 11:38

Pleased aabout Phoenix, as I started a holding there last week. Now, of course, I wish I had bought a few more ....
We investors are never satisfied!

[cassini] 22/3/2024 11:30

Oh! It woke up ;0)

[cassini] 22/3/2024 10:35

It's a very sleepy share.

[ammons] 22/3/2024 09:48

Very good results from Phoenix today seem to have made little difference here.