Chesnara Share Discussion Threads

[mister md] 11/4/2024 08:09

'The recommended final dividend of 15.61p per share is expected to be paid on 28 May 2024. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 11 April 2024.'

[skinny] 09/4/2024 10:13

Also its had quite a run recently :-


free stock charts from uk.advfn.com

[orchestralis] 09/4/2024 10:10

People selling out before xd drop.

[cassini] 08/4/2024 13:51

CSN always a little slow to the party.

[mister md] 05/4/2024 09:04

Chart looking impressive now.

[cassini] 03/4/2024 19:35

Back up to my average price now ;0)

[dosser50] 03/4/2024 19:12

Not an exciting share but makes you wealthier. Slowly but surely.

[1knocker] 03/4/2024 17:15

It begins to look (fingers cossed) as though those of us here who were buyers under 260 may have got it about right. I hope i am not temping fate.

[mister md] 03/4/2024 15:06

Director buy.

[mirandaj] 30/3/2024 07:41

Thank you for that unastubbs.

As I have said in the past, "Earn cash" is an anagram of Chesnara.

[unastubbs] 30/3/2024 07:09

Tempus The Times

[makinbuks] 28/3/2024 16:14

Disappointing that new business was down at Scildon (-11%) and Movestic (-18%)

[luderitz] 28/3/2024 16:03

Volume seems very high today by the looks.

[mirandaj] 28/3/2024 16:01

Investor Relations shows today's presentation:


Scroll down

[1knocker] 28/3/2024 10:53

You have trumped me then, P, as mine was at 179.

My last sale was at 307, followed by repurchase and top up at 260, and a tad under 253 though!

It would be great if we can re-establish the old 275 /305 trading range. For years it was just a case of setting the limit orders and letting them get on with the job.

Over the years, trading that range has been at least as lucrative as the dividend . Together, they have provided a very impressive return on a 'boring' stock.

[phillis] 28/3/2024 10:11

Agreed mr B
My first purchase was at £1.70

[1knocker] 28/3/2024 09:19

Entirely agree that we don't expect (and don't hold CSN for) fireworks.
Those results and dividend look very satisfactory to me.

[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)