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CSN Chesnara Plc

247.50
-2.00 (-0.80%)
Last Updated: 10:58:54
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chesnara Plc LSE:CSN London Ordinary Share GB00B00FPT80 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.80% 247.50 245.50 248.00 253.00 245.50 248.50 124,387 10:58:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 488.8M 18.7M 0.1239 20.02 374.37M
Chesnara Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker CSN. The last closing price for Chesnara was 249.50p. Over the last year, Chesnara shares have traded in a share price range of 245.50p to 289.50p.

Chesnara currently has 150,954,119 shares in issue. The market capitalisation of Chesnara is £374.37 million. Chesnara has a price to earnings ratio (PE ratio) of 20.02.

Chesnara Share Discussion Threads

Showing 2051 to 2075 of 2625 messages
Chat Pages: Latest  93  92  91  90  89  88  87  86  85  84  83  82  Older
DateSubjectAuthorDiscuss
26/8/2021
12:50
Brief Proactive interview with CEO John Deane covering the Interim Results released this morning...
speedsgh
26/8/2021
12:46
2021 INTERIM RESULTS: INVESTOR PRESENTATION -
speedsgh
26/8/2021
12:34
Boystown - the divi is covered on an earnings/cashflow basis, but just as important is maintining or improving the Solvency 2 surplus of 153%. This is spare cash which can't realistically be paid out.

There's also the interesting statement that "I welcome the strong equity market growth we have seen during the first half of the year, despite the short-term impact it has had on Solvency II capital requirements,..." which is repeated a few times.

Put simply, £1 of cash or AAA bonds is £1 of Solvency 2 capital, but £1 of equities counts as only between 30% and 50% of S2 capital!

This explains why Phoenix made an accounting loss: it hedged against its equity gains to presenve s2 capital.

(UK insurers don't like S2, and it may be altered.)

jonwig
26/8/2021
12:01
Bit of a strategic roadblock
Acquisition dependent

phillis
26/8/2021
11:22
I'll go for 'the share price will have to rise a little'.
mister md
26/8/2021
07:57
The dividend looks to be well covered and a similar rate of increase on the final divi implies an annual payout of 22.6 - a 7.9% yield at 285.5p - so something's got to give here; either it's unsustainable - or the share price will have to rise a little.
boystown
26/8/2021
07:32
Interims -



Dividend increased a bit to 7.88p and 'economic value' (their preferred metric) is steady at 419p/sh. (I'm not sure how much weight to put on this number as it's their own measure, rather than a recognised one.)

Personally I'm OK with these results, though the market has a way of confounding us!

jonwig
26/8/2021
07:29
- Interim dividend raised 3% to 7.88p (payable 22/10, XD 9/9)
- Dividend growth strategy unchanged
- Closing economic value 419p
- Continue to seek acquisitions ("we are increasingly optimistic that good opportunities are available for us")

Still treading water. Reassuringly boring, as it should be.

Half-year Report -

speedsgh
25/8/2021
11:16
Still creeping up in approach to tomorrow's interim results.

One buy this morning was a cool 30 grands' worth.

bluemango
23/8/2021
16:47
Treading water is right, awaiting new management direction
makinbuks
23/8/2021
13:05
@bluemango - Thanks for pointing out the LGEN error in my above post. Now corrected. I note that the LGEN's interim dividend of 5.18p (due to be paid next month) is an increase of 5% on the previous year. So I would expect dividend growth to resume over the full FY21 payment, albeit possibly at a slightly lower rate than the 7% annual increase of recent years. However I still expect the growth to be higher than at CSN. When it comes to dividend growth CSN might be viewed as a tortoise (which is fine by me). LGEN is by no means a hare, but slightly more spritely than a tortoise :-)

Without wanting to jinx them, I do not lose any sleep over my holdings in CSN, LGEN or PHNX. All good quality companies in their own right, although I am least clear how CSN intends to carry on growing. Feels like they are treading water at present.

speedsgh
21/8/2021
10:56
would be interesting to see PHNX's div growth corrected for share issues; would be much more impressive.
deadly
21/8/2021
09:10
So in summary both would look to be excellent payers as well as being relatively safe investments.
luderitz
20/8/2021
22:40
There's a mistake in the LGEN dividend growth figures above, which when corrected demonstrates my earlier point.

Yes, previous years dividend growth is relatively impressive, but total LGEN FY 2020 dividend growth was not 7%; it was zero.

bluemango
20/8/2021
22:20
Whilst dividend growth at PHNX has been stymied by adjustments on account of some large fundraisings in recent years, the LGEN dividend has grown considerably quicker than CSN's.

PHNX
TOTAL FY 2020 - 47.50p
TOTAL FY 2019 - 46.80p
TOTAL FY 2018 - 46.00p
TOTAL FY 2017 - 50.20p
TOTAL FY 2016 - 50.60p
TOTAL FY 2015 - 53.40p
TOTAL FY 2014 - 53.40p
TOTAL FY 2013 - 53.40p
TOTAL FY 2012 - 47.70p
TOTAL FY 2011 - 42.00p
TOTAL FY 2010 - 21.00p

LGEN
TOTAL FY 2020 - 17.57p (+0%)
TOTAL FY 2019 - 17.57p (+7%)
TOTAL FY 2018 - 16.42p (+7%)
TOTAL FY 2017 - 15.35p (+7%)
TOTAL FY 2016 - 14.35p (+7%)
TOTAL FY 2015 - 13.40p (+19%)
TOTAL FY 2014 - 11.25p (+21%)
TOTAL FY 2013 - 9.30p (+22%)
TOTAL FY 2012 - 7.65p (+20%)
TOTAL FY 2011 - 6.40p (+34%)
TOTAL FY 2010 - 4.75p (+24%)

CSN
TOTAL FY 2020 - 21.94p (+3.0%)
TOTAL FY 2019 - 21.30p (+3.0%)
TOTAL FY 2018 - 20.67p (+3.0%)
TOTAL FY 2017 - 20.07p (+3.0%)
TOTAL FY 2016 - 19.49p (+2.9%)
TOTAL FY 2015 - 18.94p (+2.9%)
TOTAL FY 2014 - 18.40p (+2.9%)
TOTAL FY 2013 - 17.88p (+3.1%)
TOTAL FY 2012 - 17.35p (+3.0%)
TOTAL FY 2011 - 16.85p (+2.7%)
TOTAL FY 2010 - 16.40p (+2.8%)

Disclosure: I have sizeable holdings in all three.

EDIT - LGEN FY20 dividend growth figure corrected to 0%

speedsgh
20/8/2021
21:12
I did say that the most bullish thing for CSN was me selling ;)
williamcooper104
20/8/2021
21:02
PHNX has the Swiss re stock overhang LGEN always sells off heavily with the ftse But yes, CSN, the weakest (IMO) of the three has had the best week (though of course it's the most bite sized acquisition target)
williamcooper104
20/8/2021
19:38
Perhaps because Chesnara has a better recent record for dividend growth?
bluemango
20/8/2021
19:07
This week PHNX and LGEN have tanked despite their recent good results but CSN has risen for some strange reason.
deadly
20/8/2021
16:39
Looking perky again.

Interims on Thursday.

bluemango
13/8/2021
11:12
I threw in the towel too LGEN and PHNX have clear and well executed strategies (and more liquid/marginable stock) My rationale for holding CSN was picking up a yield while waiting for someone to buy it - so now I've sold expect to see a bid :)
williamcooper104
12/8/2021
19:28
Well too late for me - I'm out. There is clearly value in this business and I've usually got the patience to see it reflected in the share price, but I can't see it happening anytime soon.

I hope that I'm wrong, so good luck to all CSN holders.

Regards Maddox

maddox
12/8/2021
14:39
Yes, I agree, the Aviva factor
thamestrader
12/8/2021
14:19
Strong buying reading across from Aviva and other life assurers reporting recently
makinbuks
12/8/2021
13:29
The Company have a good record, going back at least to 2016, of steady and consistent annual increases in dividend.
bluemango
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