Chesnara Share Discussion Threads

[eggbaconandbubble] 12/10/2015 17:07

Nope! Prices etc. have been all over the shop last couple of weeks. Guess it means something is happening but as usual the PI even with Level 2 is kept in the dark.
X yer fingers. For a company like CSN my hunch it will be better news eventually rather than bad.

[p49b] 12/10/2015 11:14

This morning the bid/offer is 6.3%. I tried to buy but broker would not fill the amount I wanted. On Level 2 there seemed to be all buys, no selling,
the price of 3.09 to sell and best price when i did get a quote was 3.28
although for a lot less than i wanted.Can anyone explain what this means??

[jonwig] 08/10/2015 15:57

Lord G - I think it works only if genuine holders panic and sell their few thousand in response.

Chairman20 is right that it's "derampers", but they aren't using words, they're using the share price. The evidence doesn't suggest it's working here.

[lord gnome] 08/10/2015 15:53

Well-spotted jonwig. Death by a thousand bots this afternoon. No real volume however, and not rapid enough to put a big dent in the share price, so I doubt we'll get a big dip today.

[jonwig] 08/10/2015 15:32

I hope no-one here was suckered into selling after last week's bot attack. The perpetrator will have made a profit only if they hooked genuine sellers.

Just the same has been going on with another share I hold, JLG. Today's trades are typical, and if I can, I'll try to take advantage near the close.

EDIT: I see we have the same here today! Could it hit the price in the final hour?

[jonwig] 05/10/2015 14:49

Today's recent trades have been marked "O", ie through MMs. If a pattern develops again of numerous small-size "AT" trades it could be a signal for another late fall.

Anyone trying to trade late might find their broker quoting something silly such as 300 - 340 meaning they've only gone to MMs who have essentially retired for the day, rather than direct to the order book. You get what you pay for. I might try some dummy trades with TDD later on ... or even for real at 320 which seems pretty good value.

[I'm no market expert - if anyone thinks I'm quite adrift, do say!]

[sogoesit] 02/10/2015 17:14

Thanks for feed-back Jonwig, interesting.
I note that my other closed-book insurer, PHNX, is down significantly from its highs on no particular news.

[lord gnome] 02/10/2015 17:03

Our second 'flash crash' in two days. Missed them both. Third time lucky on Monday? I'll be ready and waiting come 4.00pm.

[jonwig] 02/10/2015 16:49

eggs - going back to yesterday, there was just one "normal" trade (lucky one!!) near to the close:

175 315.15 6000 O 311.25 315.0 16:26:40 6,000

so I wonder if your broker, along with a lot of others, provides a full service.
Exactly the same has happened today: the bounce back to "normal" has been eaten away.

Chairman - I aren't dogmatic about this, but it's odd to me that stuff is happening in the last hour. And there were trades of 1 share, 2 shares ... manipulation rather than scare?

[eggbaconandbubble] 02/10/2015 14:06

jonwig, 'buy in bulk near yesterday's close'. I actually tried several times to buy 5000 sometime about 16.25 -16.28pm and was repeatedly offered them at 3.40p!!!

[chairman20] 02/10/2015 12:31

explanation I favour is de-rampers have appeared and
the weakness of the insurance sector means an indiscriminate
search for targets.

[jonwig] 02/10/2015 11:43

Sogoesit - yes, automated trading. You can buy software packages which identify chart patterns and trade automatically. I've see this sort of thing on ADVFN trades data, a giveaway seems to be repetition of small AT trades of the same size: hundreds of them. If you check yesterday's trades they are of lots of different sizes, but all small.

I couldn't find any press comment, so concluded it was that sort of action. (I don't know much about it, so am open to being corrected.)

Of course, the smart thing to do would be to buy in bulk near yesterday's close. That carries an enormous risk, obviously, but in CSN's case I think it would have been warranted! I've spotted this sort of thing a few times and missed a chance with Charles Taylor [CTR] recently. Noticing stuff after the close is pretty useless, but I'm not usually around in the late afternoon.

[sogoesit] 02/10/2015 09:45

Indeed, I missed that to accumulate. Merde, as they say over the English Canal!
Jonwig, what are "bots" please? Is that automated trading?

[lizafl] 02/10/2015 09:14

Grateful for the buying opportunity, though wasn't quick enough to catch the low.

[jonwig] 01/10/2015 20:14

Looking at today's trades - almost a hundred small "AT" trades in the last hour or so. It could be "bots", though these usually have lots with the same number of shares.
I don't see the fall as particularly significant, and the last EEV figure was 350p/sh.

This is the most recent news item on Google search:

In analysts report issued to clients on Wednesday, 30 September, Chesnara PLC (LON:CSN) stock had its Buy Rating reaffirmed by research professionals at Panmure Gordon.

[lord gnome] 01/10/2015 16:25

Through 320 without stopping. What on earth is behind this?

[lord gnome] 01/10/2015 16:18

A buy at anything below 320, but it looks as though it wants to get down there before it turns.

[eggbaconandbubble] 01/10/2015 11:31

Odd thing to say!

Any market correction now would see these sub three quid.

[eggbaconandbubble] 05/9/2015 14:12

Like a lot of other good value shares, over the next few weeks CSN has every chance of just being dragged lower with general market sentiment.
A cracking buy when the more than likely bear market has had its run.

[deadly] 05/9/2015 09:51

Panmure Gordon:

‘Chesnara has delivered yet another good first-half performance helped by the [Dutch insurer] Waard Group acquisition that completed in May,’ said analyst Barrie Cornes, adding that incoming new regulations for insurers looked unlikely to hurt the company’s prospects.

‘A successful Solvency II “dry run” exercise has reinforced previously flagged expectations that SII, subject to consistent regulatory buffers, will not have an adverse impact on overall group solvency which remains strong,’ he said.

‘The valuation remains attractive and the dividend policy continues to deliver. We maintain our “buy” recommendation and 395p target price.’ Shares in the company rose 1.9% to 353.5p on Friday.

[lord gnome] 02/9/2015 19:01

Back at all time highs from what I can see of chart history. Is this yet another top? If we do break out from here it could prove to be a very significant move. Here's hoping.

[sogoesit] 02/9/2015 16:21

Now trading above the 360p resistance. Wunderbar!
Next thing I will be worrying about is when it gets overvalued... Lol

[speedsgh] 01/9/2015 09:25

Chesnara impresses after Dutch deal -

Panmure Gordon is sticking with is ‘buy’ recommendation on shares in Chesnara (CSN) after strong half-year results for the life insurer.

‘Chesnara has delivered yet another good first-half performance helped by the [Dutch insurer] Waard Group acquisition that completed in May,’ said analyst Barrie Cornes, adding that incoming new regulations for insurers looked unlikely to hurt the company’s prospects.

‘A successful Solvency II “dry run” exercise has reinforced previously flagged expectations that SII, subject to consistent regulatory buffers, will not have an adverse impact on overall group solvency which remains strong,’ he said.

‘The valuation remains attractive and the dividend policy continues to deliver. We maintain our “buy” recommendation and 395p target price.’ Shares in the company rose 1.9% to 353.5p on Friday.

[sogoesit] 28/8/2015 16:45

Not so hasty on the "dull" line; moved up to close to our ceiling today!
Will we see it break or head down again in its inimitable fashion?