Chesnara Share Discussion Threads

[eggbaconandbubble] 26/3/2018 15:52

jonwig, what other very boring shares are out there that give a steady divi?

[jonwig] 26/3/2018 15:11

Yes - "the dullest share in your portfolio" - CEO.

[speedsgh] 26/3/2018 14:06

Expecting CSN results to be reassuringly boring. That's why most people hold them. We only ever get mild excitement when they announce a new acquisition. I'm perfectly ok with that.

[eggbaconandbubble] 26/3/2018 13:49

Price is dropping. We're not expecting them to be bad, are we?

[sogoesit] 21/3/2018 09:52

Results next week: 29 March

[eggbaconandbubble] 02/3/2018 18:38

Isn't that just called - 'reversing into' or someit like that?

Loads of capital to be raised = commission and fees for the boys. Lovely jubly!

[sogoesit] 02/3/2018 17:36

We are overdue another deal but, as you say, 1 bn would be a bit large at double the current market cap.

[jonwig] 02/3/2018 07:22

Equitable life up for sale (what's left of it). Key paras:

The market for so-called closed books of life insurance businesses has been growing rapidly as companies seek to shed unwanted assets. These books become less efficient over time as the policies run off but the costs associated with them largely remain in place.

“It is easy to deal with the variable costs, however in a Solvency II world you need a number of risk and actuarial people and the fixed costs become a bigger and bigger proportion [of the total],” added Mr Wiscarson.

Several companies have sprung up to consolidate these books, creating economies of scale as they add new policies to their existing cost bases.

These companies, which include Phoenix, Chesnara and Swiss Re-owned ReAssure, could be possible bidders for all or part of Equitable Life.

ReAssure last year raised £800m from Japanese insurer MS & AD to pursue deals. Phoenix, meanwhile, last week agreed a £3.2bn deal to buy Standard Life Aberdeen’s life insurance business. The scale of that deal could preclude it from making other acquisitions in the short term.

Alternatively, bankers say that the business could interest private equity buyers or other insurers that have with-profits funds, such as Prudential or Royal London.


Maybe around £1bn. Phoenix is busy with SLA's book, and it looks a bit large for Chesnara.

[arf dysg] 12/1/2018 17:07

Today's holdings announcement in 13 lines instead of 200 lines:




12/01/2018 3:05pm / TIDMCSN TIDMSLA / RNS Number : 7835B
Chesnara PLC / 12 January 2018

Standard Life Aberdeen plc affiliated investment management entities

Transaction: 11/01/2018; Notification: 12/01/2018
shares ISIN code: GB00B00FPT80

OLD: 12.05%
NEW: 13.01% (19,486,263 out of total issued 149,799,721)

Breakdown of above ownership (%)
6.92 Standard Life Investments Limited
4.06 Aberdeen Asset Managers Limited
1.82 Aberdeen Asset Investments Limited
0.20 Ignis Investment Services Limited
0.01 Standard Life Wealth Limited

END

HOLSFDFIEFASESF

[speedsgh] 01/12/2017 13:53

Looks like the recent CEO purchase might have been a good buy indicator after all.

[speedsgh] 29/11/2017 14:38

Courtesy of Robin Boyle (MD, Athelney Trust plc) on Twitter...



Shore Capital says that Chesnara shares offer tremendous value on a prospective 5.7% dividend yield and a discount to EcV of 22 %.

[jonwig] 29/11/2017 11:13

Yes. As they've said before and say again on page 8:

We aim to be an investor’s least
troublesome share with dividends
delivered through solid cash generation
and with new business and acquisitions
increasing value as represented by the
Economic Value of the Group

[eggbaconandbubble] 29/11/2017 10:31

Do we assume from all that, that there are no appreciable horror stories lurking?

[jonwig] 29/11/2017 09:09

The presentation from yesterday's Capital Markets day is on the website:

... scroll down.

It appears to have been well-received.

[essentialinvestor] 24/11/2017 14:43

Based on next year's dividend estimates the 2018 yeild is around 5.7% atm ?.

[sogoesit] 24/11/2017 14:23

Yes, well, I was just about to plough money into PHNX for income and thought accumulating here in the 390's was at too low a yield.
Anything close to 6% would be good for adding here; must think on it next week.

[speedsgh] 24/11/2017 13:01

@solarno - Sorry, that is classified information :o)

[jonwig] 24/11/2017 11:30

EI - some shed! Though David Cameron's might get close to the price.

[daveofdevon] 24/11/2017 11:19

End of my problems - back in and a lot cheaper than I had expected

[essentialinvestor] 24/11/2017 11:15

Added back my small amount at 3.4824, no stop loss this time.

10,000 is hardly betting the farm, more like the shed.

May be that's a type of risk adverse mindset you want from a small company CEO,
not sure on that.

[solarno lopez] 24/11/2017 11:12

How do you define your phrase 'maximum allocation' SPEED

[speedsgh] 24/11/2017 11:08

@jonwig :o)

A somewhat underwhelming amount bought by the CEO but there again the previous CEO only had similar amounts on the odd accasions that he bought. I would be tempted also at these levels if it wasn't for the fact that I already hold a maximum allocation.