Chesnara Share Discussion Threads

[mister md] 28/5/2024 08:38

Nice dividend received today. That's about the only positive thing I can say about my Chesnara investment currently ...

[1knocker] 21/5/2024 11:11

Its quite true that the sector, as well as CSN, is cheap (or low). I would feel a lot more comfortable if I knew why. My anxiety is that the very sudden change in the inerest rate environment may have caught companies on the hop. I am very surprised there have been so few casualties, and wonder if they are yet to come, if interest rates stay 'higher for longer'.

As to low prices being a cause to rejoice, I agree, provided one is confident that a company is indeed strong (with no unseen sand in the works) and merely dragged down with the sector. As one who donkey's years ago bought his holding in L%G at under £1, and 70% of his holding in CSN at 179, i have cause to celebrate opportunities to buy low! With trading in and out and dividends, both those holdings are now 'free', but that is not to say i would not take a hit if the wheels were to fall off. i hope you are right about Phoenix, as I recently stated a position there.

I hope for the best, but it does no harm to take a look over one's shoulder to see if there is a bloke with a cosh coming up behind. The problem with financial stocks though is that it is too dark for the ordinary Joe like me to see until it is too late!

[tag57] 21/5/2024 10:22

1K the drop isn’t too dissimilar to Phoenix which also pays a good dividend and appears quite a robust company. I am sure that UK market sentiment, inflation, interest rates have all played a part in the share price drop over the last 5 years.
Interestingly LGEN hasn’t suffered as much, maybe due to it being more diverse.
As long as the fundamentals of each business do not change too much and their divis continue to grow I am happy to continue to hold, compound and hope the share price eventually reflects the companies value.

[shbgetreal] 21/5/2024 09:40

One has to wonder if you are in the market for the right reasons if a low share price on a solid company gives you the heebie-jeebies.

[1knocker] 20/5/2024 19:25

This is becoming a bit disconcerting. When a company looks to be in good health, and paying a good and rising dividend, but the share price falls relentlessly, eventually one has to begin to wonder if one bright morning one is going to wake up to a nasty surprise.

[mirandaj] 18/5/2024 16:56

Dr. Brian Moretta, Head of Tax-Enhanced Services & Financial Analyst at Hardman & Co, delves into Chesnara plc’s impressive 2023 financial results. As an established Life and Pensions Consolidator in the UK and Europe, Chesnara has demonstrated resilience and strategic acumen, particularly in navigating through diverse market conditions and leveraging acquisitions for growth.

Brian shares his analysis on the factors driving Chesnara’s recovery from a previous year’s loss, the impact of global economic shifts on their operations, and the company’s prudent approach to dividends and acquisitions. This discussion also provides insights into Chesnara’s operational improvements and future prospects, offering a deeper understanding of their financial health and strategic direction.

[jonnybig] 18/5/2024 09:45

CSN is the best value for money buy on the market imo. Well under the radar.

spud

[al101uk] 15/5/2024 12:10

I've set out my view, I'd permanently lighten my holding on a spike to a level I feel would be fair given the new approach.

But you're right shbgetreal, 250p isn't that level, I'm not selling. I think we're just offering a view on the philosophy of "hold forever" and if that still applies here.

[shbgetreal] 15/5/2024 09:12

CSN is trading at a 3p premium to its COVID low (currently 250 vs 247 in March 2020) paying 9.55% divi, with no material change to the business (what are they supposed to do, just juice the existing assets forever and not acquire new business?) and people are talking about dumping.
OK 😊

[wynterwilde] 15/5/2024 08:54

al101uk

Thanks for reminding us of your very useful posts....

As you asked in one of them..."What to replace CSN with..."?

Anyone know....?? ;-)

[pvb] 14/5/2024 15:52

...Thanks. I will have a look.

[al101uk] 14/5/2024 15:47

pvb,

Think I've said it all in previous posts, these in particular:

1945
2000
2138
2276
2320

Ignore the slight cognitive dissonance ;-)

[pvb] 14/5/2024 14:38

"I'm not trading now, mainly because the range that was in place for years has gone and also the new CEO's more "adventurous" reputation is off putting to me."

Any more to say on this, al101uk?

I have wondered about CSN myself. I remember the 'old days' with their very simple and sober, plain white paper R&As. Not like that now. ;-)

Um...

[boystown] 14/5/2024 14:33

Did any posters attend the AGM?

[pete160] 09/5/2024 22:06

Thanks for the ideas. I'm happy to hold, supported by the divi, but I also suspect csn will be taken out within 1-2 years

[igoe104] 09/5/2024 19:10

Anyone with any brain's looks at company fundamentals not trading ranges. And hold for the longterm, thats how you get big returns . Nearly all traders come unstuck in the end and lose money eventually..

[1knocker] 09/5/2024 18:57

pete, unless there is something very nasty in the works, that doubling up should serve you well, even if the share price stays at present levels.

If it goes over about 290 though, I would start thinking about selling your top up with a view to repurchase circca 265/270.

Trading a range has served me well with CSN, but the 265/295 range has broken down at present and it remains to be sen whether and at what figures it re-establishes. Happily, my last sale was at 307 and my subsequent repurchases at an average of about 255. Roll on the div this month.

[pete160] 09/5/2024 15:10

The spread here seems to be tighter these days and have taken the opportunity to almost double up at around 251p.
The AGM next week will hopefully see more positive noises bring made by those in the know.

[1knocker] 08/5/2024 13:42

I think the fall in the share price probably has 2 related causes, first that no one really knows yet what the impact of a sudden reversal of a decade of negative after inflation interest rates will be on its investments (the remarkable feature is how few casualties such a sea change has caused so far), and secondly the CEO has no real track record yet but looks as though he may be more 'adventurous' than his predecessor.

Any lurking anxiety that the wheels could fall off is particularly bad for the share price of any financial business, because disaster can strike suddenly and catastrophically.

I have nio reason to think that CSN is vulnerable, but nor have I any reason to fear for Legal and Gen, a much bigger outfit, with an apparently very strong balance sheet, highly profitable, and with an share price which has also languished for years as the dividend has steadily risen.

The share price weakness has been going on so long that I don't think it can be put down to a big seller in the background.

If CSN is sound, this a very extended buying opportunity. If not, its a sell at pretty much any price. I have a significant personal interest in it being the former!

[igoe104] 07/5/2024 18:38

More likely clearly a large seller in the background. Hopefully a big jump on the cards once cleared..

[warranty] 07/5/2024 17:15

CSN still stuck near the bottom whilst the other insurers have a good day. Clearly there’s something not liked about this one.

[jonnybig] 01/5/2024 08:13

Really don't like the over generous share options given to directors

spud

[cassini] 13/4/2024 00:16

These pension companies are a bit complicated to analyse, they seem to have their own, arcane performance metrics.

PHNX's chart over the last two+ years doesn't look good - perhaps bonds and interest rates have weighed on it here - but their recent set of results was well received and seemed to trigger the start of a rerating, but the divi (just increased this year) is still very large in terms of yield and large biannual divis seem to generate distorted price action around ex-divi days.

I'm looking to top up on PHNX but I think getting a good entry price is key - I will keep an eye on it next week, it could continue to fall for a week or two if it behaves like MNG did when it went ex-div recently, as punters lose interest...but who knows...

Added complications are that the US stock markets seem to me ready to roll over, there is clearly stress in the US debt market (US 10 Year Treasury has pinged up to 4.5+%), gold has gone parabolic plus it's nearly May then we're in the summer doldrums.

Tricky...