Chesnara Share Discussion Threads

[wllmherk] 04/7/2024 09:59

Jubbers, get that wallet open and get yourself invested. The market has already priced in a Labour landslide. There are so many high yielding stocks around we are spoiled for choice. I've opened positions in LIO and ASHM as its a sector ripe for M&A. I also hold ABDN.CSN is now my 3rd largest holding.

wllm :)

[jubberjim] 04/7/2024 07:18

After my glowing write up and flag waving from a few days ago I just had to add a small amount on that drop in the am yesterday

Still not going full guns anywhere until election results are known
Good luck everyone

[1knocker] 01/7/2024 14:25

I don't see the election result moving the dial here.

The factor depressing the csn SP, and most companies in the financial sector, is the risk from bonds, and the mayhem in valuations and risk/reward of swaps and bond derivatives caused by sharp rises in interest rates after a decade and a half of very negative interest rates . The bond/ interest rate chickens have to come home to roost unless central banks go into sharp reverse on interest rates, and the derivative market is so huge that it is impossible to know how far the shock waves will travel amongst banks and companies in the financial sector with large direct and derivative holdings of 'risk free' government bonds.

If the dam breaks CSN and the whole sector is way over valued and will face huge losses and share price falls. If it does not, they are way undervalued and will continue to pay huge dividends, though their SPs will probably not rise significantly until the bond risk ceases to be (or rather ceases to be perceived as) a concern.

That's how I read it, anyhow.

[jubberjim] 29/6/2024 15:58

Not that old chestnut

These are about the most sought after share in my watchlist

Not widely held hence when there is buying interest the spread widens out of all proportion

You pick the right level and leave a sell order if filled

This is about as low as it has been hence the addition to wife s portfolio

Market is bricking it as are a few erstwhile posters

Things should get back on an even keel after the elections.

Get out and catch some sun

Drink warm bitter (preferably Marstons)

Have a good one

Cheers

[ramellous] 29/6/2024 12:12

These might do better if they paid quarterly dividends.

[danieldruff2] 28/6/2024 18:27

You are suffering from price-related panic. Look at the long term chart. It was generally going up before Brexit, and generally going down after Brexit, because we are now all poor and can't afford to buy shares :-)

[kernelthread] 28/6/2024 17:56

Every time this starts to rise a little bit, it gets slapped back down again quick time. I'm starting to wonder if there are some skeletons in the cupboard somewhere with this? The dividend is great, but only if it can be maintained. A dividend cut or major dilution would see the price drop into the gutter.

[shbgetreal] 28/6/2024 10:58

Spend your time in the market rather than impossibly trying to time it?

[my retirement fund] 28/6/2024 09:32

Thanks my mistake

[wmb194] 28/6/2024 09:05

Yes, a month ago: it was due on 28/05. If you haven't received it you need to contact your broker.

[my retirement fund] 28/6/2024 08:45

Anyone got their dividend yet?

[jubberjim] 28/6/2024 06:51

Joined the party on the wife's behalf

Sold some Phoenix yesterday was looking at LGEN but this popped its head up so invested a modest amount on her behalf.

Myself still waiting until after the elections both here and in France before deciding my next move but so far my patience has been paying off.

If it all goes pear shaped the wife is used to disappointment

Be good all be lucky

[wmb194] 26/6/2024 09:04

Looking at Sun Life Limited's filings on Companies House the size of its balance sheet is only about £62m, so not big. L&G might see it as too small.

[cfro] 26/6/2024 08:52

I was wondering that myself, but i think SUn Life might suit someone like L&G better perhaps. We'll see.

Around 10% yield here now anyway..

[pdt] 26/6/2024 07:53

Could Chesnara be in the running to buy SunLife from Phoenix? Or is that too big?

[1knocker] 25/6/2024 18:47

CWA, we are all rooting for you. If 246 is not a good buying price, we all have egg on our faces.

[cwa1] 25/6/2024 16:01

Couldn't help myself, so have added a few at 246p with some accumulated dividend cash

[1knocker] 16/6/2024 12:59

Agreed Mr MD.
I long for a trading range to re-emerge. Averaged over the years, my receipts here have been about 65% from the dividends and 35% from capital profits trading a hitherto very reliable range.

[wynterwilde] 11/6/2024 09:20

The previous post is irrelevant, simply click bait......

[wynterwilde] 08/6/2024 10:34

Reading between the lines of the Hardman talk, it looks like we'll be asked to support

a fund raise for a M&A opportunity........thoughts..?

[igoe104] 07/6/2024 12:08

Ceo and CFO interview.

[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!