Chesnara Share Discussion Threads

[gmcarthur] 17/9/2008 20:35

The current 110 price seems deflated. It looks to be more a symptom of outside events than anything to do with the company itself. I intend to top up as when all this business is over, I expect Chesnara to quickly reistablish itself with a higher price.

[topvest] 17/9/2008 08:29

I agree - I've bought some - the 13% yield is fairly attractive!

[al101uk] 05/9/2008 14:36

Investors Chronicle still rates them a buy:

"Chesnara is fulfilling its stated objective of delivering a steady and attractive dividend yield.... They now trade on a 22 percent discount to the reported embedded value which is too harsh. Buy."

[phillis] 05/9/2008 13:42

Directors happy to make modest purchases

[washbrook] 29/8/2008 12:03

laity 45
xd 10.9.08

[tipodochus] 29/8/2008 11:26

I'm not sure this is a company that needs to impress too much, a stable 10% divi growing above inflation is sufficient for now. There will be a better market for buying defunct life companies over the next couple of years. I just wish I had topped up when the price went down to £1.

[tole] 29/8/2008 10:08

Here you go Laity

"An interim dividend of 5.5p per share in respect of the year ending 31 December
2008, payable on 10 October 2008 to equity shareholders of the parent company
registered at the close of business on 12 September 2008, the dividend record
date, was approved by the Directors after 30 June 2008."

Nothing particularly impressive in those figs today..

[laity45] 29/8/2008 10:00

Anyone any idea when the ex-div date is, I have read through the report on interactive investor,they have not got round to putting it on ADVFN yet, and cannot find the ex date.

[tole] 28/8/2008 16:07

Looks that way today - sliced for +10% from last week - want to see whats in the figs tomorrow.

[mctmct] 27/8/2008 15:25

Pleasant rise ahead of Friday's results. Tiny volume, so perhaps we'll see a real surge if the volume rises.

[tole] 21/8/2008 14:14

Bought a few back today.

[chairman2] 20/8/2008 19:16

Investments risk is mainly down to policyholders.

since they are in run off they have moved to match
assets and liabilities
and de-risk any volatility out of the portfolio.

There will still be portfolio risk - things do go bust - but mmuch less here
than an aggressively marketed insurer.

[ilancas] 20/8/2008 15:44

I'd rather know whether their investments are safe.

[mctmct] 06/8/2008 15:28

Good rise today

[chairman2] 24/7/2008 16:08

div policy = they pay out what they earn as surplus

so you should ask if earnings are safe

They seem to be steady - but as always do your own research

[kirbydon] 24/7/2008 16:05

Is the Divi safe ?

[tole] 23/7/2008 13:48

Good recovery from a lot of the financials of late - well oversold at 100p so a decent bounce back as per se expected.

Though gotta stop top slicing too early - lol :)

[tole] 18/7/2008 15:26

Sliced a chunk at 121p for +20%

Edit - Huge volume again at the 120p mark - 2.5m shares traded in various lots.

[tole] 18/7/2008 11:47

Ticking back nicely now :)

Not seen any adjusted broker comments since the results.

11-04-08 11.04.08: -1.5, (165) IC says Buy (168p): BULL POINTS Attractive dividend yield - Prospect of additional one-off payout - Little exposure to equity markets - Low cost base BEAR POINTS No acquisitions made in 2007 - Still some mis-selling complaints.

03-04-08 03.04.08 :+3.5, (168) higher midmorning after "solid" full-year results prompted Panmure Gordon to reiterate its 'buy' rating and 190 pence target price, according to market sources. Chesnara reported a pretax profit of 6.4 million pounds on a European Embedded Value (EEV) basis, down from 30.6 million pounds the previous year. Pretax profit on an IFRS basis increased to 27.7 million pounds from 25.0 million in 2006.

The company said it had no direct exposure to the credit crunch and is paying a final dividend of 9.85 pence per share, taking the total payout for the year to 15.1 pence, an increase of 15.3 percent.

Panmure Gordon said Chesnara's results were solid and largely in line with its expectations on an IFRS basis. The broker said it expects further sizeable normal dividend distributions in the future, despite the shares currently yielding 9.2 percent.

In other comment, Numis Securities said it is keeping its 'add' rating on Chesnara, saying the group is a "relatively safe port in a financials storm", adding that predictable cashflows are particularly attractive. Numis has a 183 pence target price on the company.

[washbrook] 17/7/2008 11:13

This year 2008 there are 475 shares (16.7.08) on SHARESCOPE that show 50% falls or more since 31.12.2007
36 InvestmenT Trust shares(16.7.08) on SHARESCOPE that show 50% falls or more since 31.12.2007

[tole] 16/7/2008 16:33

Large trades going through today - closing shorts perhaps?

Actually matching trades 370k x 3 and 100k x 1 gives us that 1,210,278 reported trade - so perhaps a rollover or a clearing trade. Anyway lets see if we can move back up from here.

[tole] 16/7/2008 15:10

Fwiw in today for a few.

[ilancas] 16/7/2008 12:31

Are you suggesting Chesnara have their funds invested in Fannie and Freddy?

[washbrook] 15/7/2008 21:50

This year 2008 there are 418 shares (11.7.2008) on SHARESCOPE that show 50% falls or more since 31.12.2007

This year 2008 there are 462 shares (15.7.08) on SHARESCOPE that show 50% falls or more since 31.12.2007
That does not include investment Trusts -there are 32 fallers 50% or more.

[washbrook] 15/7/2008 15:53

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