Chesnara Share Discussion Threads

[1knocker] 04/7/2024 13:17

I think the central banks will cut, because most governments in the world NEED inflation. The size of govt debts is such that they can't be paid down, so that only leaves default or devaluation of those debts by inflation. Gotta make room for more borrowing for 'investment in our future' !!

Insurance companies, banks, pension funds etc will be REQUIRED to buy even more govt bonds, and the left and right hands of central banks will continue to trade bonds with each other, and pay the interest 'earned' on their holdings to parent governments. 'Independent' central banks can't put the shutters up and bring the government down, as they have no electoral legitimacy. So the whole Ponzi scheme, with its Enron accounting, will continue. Inflation is the biggest redistributive tax from the middle classes to the super rich and the poor and idle ever invented. It will continue until the middle class is completely hollowed out, and then social unrest will be inevitable, because a property owning private sector employed middle class is the foundation for any liberal democracy.

By tomorrow we will be one step closer to disintegration, because the Blair /Starmer blueprint is anti family, anti personal responsibility, and anti national identity, and pro mass immigration, state reliance, and regulation of all activity, including speech.

Mind you, the only difference between Labour and Conservative is that between the express and the stopping train. the destination is the same. It is rather ironic that the only legacy left of the Truss 49 days ins the Chancellor (Hunt) she appointed, and Reeves is pledged to carry on with his policies!

Forgive me for being bitter and twisted. I get badly afflicted in that way about once every five years, on election days.

[cassini] 04/7/2024 10:13

1knocker,

I wonder about rates too. The central banks want to cut obviously as it hurts the economy and their governments' borrowing costs, we're all waiting for a rate cut, but could the market force rates higher by refusing to buy at current rates (not enough reward for the risk), or maybe it'll be something out of left-field like Japan tries to defend the Yen by selling off US Treasuries to buy the Yen, forcing up yields?

Bit beyond my pay grade but October is a month when we've had market blow-outs in rates before so I'll be watching closely then.

[wllmherk] 04/7/2024 08:59

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 06:18

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 13:25

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 14:58

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 11:12

These might do better if they paid quarterly dividends.

[danieldruff2] 28/6/2024 17:27

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 16:56

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 09:58

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

[my retirement fund] 28/6/2024 08:32

Thanks my mistake

[wmb194] 28/6/2024 08:05

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 07:45

Anyone got their dividend yet?

[jubberjim] 28/6/2024 05:51

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 08:04

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 07:52

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 06:53

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

[1knocker] 25/6/2024 17:47

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 15:01

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

[1knocker] 16/6/2024 11:59

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 08:20

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

[wynterwilde] 08/6/2024 09:34

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 11:08

Ceo and CFO interview.