Chesnara Share Discussion Threads

[boystown] 15/9/2024 06:18

Tipped in Midas (Mail) FWIW - but I can't access the article as I'm proud to say I don't subscribe! :-)

[my retirement fund] 11/9/2024 08:57

Nice to see director buying

[wizzkid211] 11/9/2024 06:25

11th September 2024



CHESNARA plc
("Chesnara", "the Company" or the "Group")


NOTIFICATION OF PDMR DEALINGS



Chesnara plc today announces that the Company's Group Chief Executive Officer, Steven Murray and Group Chief Financial Officer, Tom Howard, both PDMRs of the Company, have purchased ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares").

[igoe104] 11/9/2024 06:16

Good to see the CEO and the new CFO buying afew shares.

[mirandaj] 10/9/2024 19:12

See post 2489

[shalder] 10/9/2024 17:31

Fwiw IC rates this a buy for divi income.

[igoe104] 10/9/2024 15:38

Proactive interview.

[paulboz] 10/9/2024 12:26

The market often behaves like this with solid results e.g. Tesco and Aviva this year. I expect the share price to increase over the coming weeks and if it doesn't CSN remains a great company for those seeking a relatively safe income.

[kernelthread] 10/9/2024 10:53

Someone didn't like the results.

[pdt] 10/9/2024 06:33

Solid results although the strong pound has had an impact. Good to see the dividend continue to rise. M&A again is mentioned often so I suspect some news in that area soon. Fortunately cash and solvency levels should cope with that.

I am here for the income - 9%, safe and growing.

[wizzkid211] 10/9/2024 06:04

We just need the share price to perk up a bit

[wizzkid211] 10/9/2024 06:03

STRONG CASH GENERATION AND 20 YEARS OF UNINTERRUPTED DIVIDEND GROWTH

Chesnara reports its 2024 interim results. Key highlights are:



· Continued strong group commercial cash generation(1) of £29m (six months to 30 June 2023: £22m);

· Robust solvency of 201% (31 December 2023: 205%), materially above our 140 - 160% normal operating range;

· Economic value ("EcV") of £508m (31 December 2023: £525m) with EcV earnings of £20m pre FX and dividend (six months to 30 June 2023: £33m excluding the impact of acquisitions);

· Commercial value of new business(3) of £5m (six months to 30 June 2023: £6m);

· IFRS pre-tax profit of £13m (six months to 30 June 2023: £15m(4));

· 3% increase to the 2024 interim dividend to 8.61p per share (2023: 8.36p interim).

[igoe104] 06/9/2024 14:37

Berenberg have initiated coverage of CSN this morning and have a buy recommendation and a £3.28 price target.

Results presentation on Tuesday...

[pete160] 02/9/2024 10:26

For a 400 million sized company, the CSN share price and quoted spread certainly does some weird things, particularly around the open and closing. Quite often, the price acts more AIM than main!

[paulboz] 02/9/2024 08:29

Obviously, what I saw earlier was a blip, possibly due to an unrealistic spread being quoted. Panic over.

[lord gnome] 02/9/2024 07:12

It hasn't. Look more closely.

[paulboz] 02/9/2024 07:11

Any ideas on why this has fallen more than 4% today?

[1knocker] 16/8/2024 10:51

Financial stocks in general (insurance especially) have firmed. The movement we see here is not I think specific to CSN. Very welcome all the same!

[this_is_me] 16/8/2024 09:06

The share price looks like it has established an up trend. The dividend yield is still over 9%.

[jonnybig] 15/8/2024 14:33

Looking strong

spud

[makinbuks] 04/8/2024 16:28

We should see this back to £3 and beyond as interest rates decline

[1knocker] 02/8/2024 20:54

Keep some powder dry. If this pull back accelerates and shares like this really hit the skids, a modest purchase can pay handsomely. My initial purchase here was made at 175 (and in the good old days of a reliable trading range I built the holding substantially with very little additional capital outlay), and the bulk of my current L&G holding at under £1.

Happy days in retrospect, though the extreme low prices was scary at the time.
Courage, mon braves.

[mister md] 02/8/2024 08:21

As long as I see blue on my screen I'll take it as a positive ;-)