Chesnara Share Discussion Threads

[washbrook] 15/7/2008 15:53

FANNIE MAE -25.3% at $7.30
Freddie Mac - 30.0% at $4.99

[washbrook] 15/7/2008 15:12

FANNIE MAE -16.7% at $8.12
Freddie Mac - 24.8% at $5.35

[washbrook] 15/7/2008 15:00

Next support at 95p I think we are going to touch that.

[bonzophil] 14/7/2008 22:31

I've suddenly been getting Google alerts for CSN relating to their ranking in terms of the number of funds selling their stock. Cut and paste link below to your browser. Anyone else know what this is about?

[washbrook] 12/7/2008 16:08

This is only the stock I hold at present.
This year 2008 there are 418 shares (11.7.2008) on SHARESCOPE that show 50% falls since 31.12.2007

[washbrook] 10/7/2008 21:23

Major Shareholders Date Amount % Holding
Allianz AG 19/5/2008 13,592,995 13.00
New Star Asset Management Ltd 4/4/2008 10,454,665 10.00
Threadneedle Asset Management 25/3/2008 6,658,928 6.37
Lloyds TSB Group PLC 25/3/2008 4,310,619 4.12
Standard Life Investments 25/3/2008 3,287,883 3.14

Directors Date Amount % Holding
Christopher Henry Sporborg • 2/4/2008 75,000 0.072
Terry Marris • 2/4/2008 52,708 0.050
Graham Leslie Kettleborough • 4/6/2008 32,600 0.031
Ken Romney • 2/4/2008 15,476 0.015
Frank Hughes • 2/4/2008 5,163 0.005
Peter W Mason • 2/4/2008 2,500 0.002

[washbrook] 10/7/2008 21:18

This is only the stock I hold at present.
This year 2008 there are 406 shares on SHARESCOPE that show 50% falls since 31.12.2007 that was yesterday.
Today there are 417 50% falls.
Chesnara 30.54% fall.

[chairman2] 10/7/2008 21:00

I wonder if its the bursting of the merger
bubble for financial tiddlers?

The FCAM saga today is worthy of study.

CHES doesnt need a bid but that doesnt stop
there being a bid premium in ths shares

[kiwi2007] 10/7/2008 18:35

from the finals:

"Whilst we have no direct exposure to troublesome credit instruments we are to
some extent affected by stock market weakness as it reduces future projected
earnings and affects policyholder sentiment."

[markie7] 10/7/2008 18:32

director buying will be a good sign.

[robsy2] 10/7/2008 18:23

whats happening with Pearl and Resolution?

[markie7] 10/7/2008 16:56

part of the problem is size. funds are running away from illiquid stocks. and if there are no small buyers - price collapses.

[kiwi2007] 10/7/2008 16:14

I believe the high divi funds hold a lot of these?
Maybe a lot of PIs are capitulating and forcing funds to sell?

[tole] 10/7/2008 16:02

Tempted to tuck a few away from here.

[makingheaps] 10/7/2008 13:44

I think you'll find people redeeming policies is in the insurers favour in the short term at least. they are hardly going to offer a surrender value that puts them at a loss compared to assumptions. Granted there may be a lack of income stream going forward. I ahve no idea why this has been hit so hard but it's made me nervous that I don't understand the situation. Currently holding on and tempted to add.

[robsy2] 10/7/2008 13:01

not really just general comments.CSN is affected by the markets. If markets are bad then the company will throw off less capital for us , so exceptional divis are threatened, maybe even divis themselves . Depends on the capital requirements that could be stretched if lots of people are redeeming policies.

[markie7] 10/7/2008 11:29

big fall today. any thoughts on what is going on?

[chairman2] 02/7/2008 13:38

I think its

a) a sector thing - observable Ches moves on day in direction of other lifecos

b) absences of buyers - I doubt if any major instirurion is buying anything
and there are (I suspect) major net redemptions of unit trusts
and Inv trusts who are big buyers of these for income

[bonzophil] 02/7/2008 13:33

richardly

I agree, the volatility over recent days does seem rather worrying. If the general market continues to fall would this mean that future profitability would be affected?

[richardly] 01/7/2008 10:51

This sort of volatility in this share seems to indicate there's something happening that, if you're long, is not a good sign? Ok maybe it's just being dragged down with financials in general - but I'm not so sure at this stage... any thoughts/info please?

[washbrook] 27/6/2008 16:57

Managed to get them at 139.95p.

[robsy2] 27/6/2008 16:16

Yes it looks great value at this level. I'm back in again.

[washbrook] 27/6/2008 09:19

AT 142p yielding 11.658%(on 2009 forecast) at 10000 shares with costs.
Last time you could buy this stock was on 13.6.2005

[robsy2] 27/6/2008 08:55

Thios looks well overdone . I'll be buying.