Chesnara Share Discussion Threads

[tomleafs] 19/8/2022 13:29

Given the share price rise over the course of August I take it the results on the 31st will be decent, however, I've just sold a chunk of my CSN holding to buy into LGEN as their div yields finally converged. I think LGEN has a better shot at growing their div at 5%+ whereas CSN will likely stick to their 3% average. Now I've sold a chunk watch these get taken out - haha

[aleman] 19/8/2022 12:15

Another big jump in Gilts yields today - about 0.1% across all maturities. Shares up again so a correlation looking a bit stronger, perhaps?

[cassini] 18/8/2022 15:50

Why the surge though? Good results leaked to members of The Club???

Hmm...

It was a spike. Wonder if I could've sold into it if I'd been quick enough, or it was just a blowout in the spread?

[santangello] 18/8/2022 15:47

.....anyone know the reason for the share price move......shrewdies loading up with T+20 trades, or has news been leaked ?

[jonnybig] 18/8/2022 15:44

Wow some surge! Come on chessy!

[cwa1] 17/8/2022 07:12

17 August 2022

CHESNARA plc

NOTICE OF HALF YEAR RESULTS

Chesnara plc ("Chesnara" or "the Company"), the European life and pensions consolidator, will report its results for the half year ended 30 June 2022 on 31 August 2022.

A presentation for analysts will be held at 9.30am on 31 August 2022 (at the offices of Panmure Gordon, One New Change, London, EC4M 9AF) and is available to join online via the webcast.

To join the webcast, please register using the following link - Chesnara plc - Interim Results Presentation 2022 - which can also be found on the corporate website.

The presentation will be posted to the corporate website.

[cwa1] 15/8/2022 14:33

Directors Talk video from Hardman on Chesnara(I haven't watched myself yet!!):-

[cassini] 12/8/2022 00:17

Yes I think 280p is a more probable target on the downside for the time being, outside of 'black swan' type world events, which we do seem to be getting a lot of recently, mind...

I'm still holding these but might be tempted to sell if they get near 320p.

[al101uk] 11/8/2022 23:51

I sold out (trading shares) last time we were here and I've been waiting for it to revert ever since, been looking for the mid to low 270's, but never quite got there. Might try to be a bit less greedy next time.

[cassini] 11/8/2022 23:12

Well, anyone playing the trading range might be tempted to sell out at this point and wait for 270/280p again...

[deadly] 09/8/2022 12:51

Showing signs of life today.

[makinbuks] 02/8/2022 11:41

Todays appointment is another indicator that we are going to see more acquisitions. Not convinced we need an expensive hire from abrdn to achieve it

[thebutler] 29/7/2022 08:23

Even though I don't like using the term "under the radar", I think CSN really is "under the radar".

[cwa1] 29/7/2022 07:48

Valuation: With a price at approximately two thirds of its Economic Value, Chesnara seems undervalued. A prospective dividend yield of 8.1%, with good prospects of continued growth, also suggests an undervalued stock.

[my retirement fund] 23/7/2022 01:47

Chesnara plc (LON:CSN) is the company of discussion when Dr Brian Moretta, Analyst at Hardman & Co joins DirectorsTalk Interviews.In this interview Brian explains how the company performed over the full year, discusses the operational challenges, updates us on the dividend, progress with its acquisition strategy and immediate prospects.https://vimeo.com/720542649

[topvest] 22/7/2022 20:34

It looks positive to me. They are only buying the book.

[lord gnome] 22/7/2022 08:57

I think that this is one where you just have to trust the management. They have been competent and sure footed so far. It looks to me as though they are putting in the money up front to secure the deal in return for estimated annual income of around 4millions. Slightly more than 10%.

[fenners66] 22/7/2022 08:43

They lost a pile of money, went bankrupt then made money whilst in administration, now Chesnara put in £20m or so , is this a good acquisition ?

[cwa1] 22/7/2022 07:20

Acquisition by Chesnara:-



MY bold

Chesnara plc ("Chesnara", the "Company" or, together with its subsidiaries, the "Group") is pleased to announce the acquisition of the insurance portfolio of Nederlandsche Algemeene Maatschappij van Levensverzekering "Conservatrix" N.V. ("Conservatrix"), a specialist provider of life insurance products in the Netherlands that was declared bankrupt on 8 December 2020 (the "Acquisition"). The insurance portfolio will be acquired by Waard, Chesnara's Dutch closed book operation.



Acquisition highlights



§ Third acquisition announced by Chesnara over past year and seventh transaction undertaken in Dutch market

§ Increases Waard's number of policies under administration to 165,000, transforming Waard into a second material closed book consolidation business alongside Chesnara's existing UK platform

§ Conservatrix customers to benefit from becoming part of a well capitalised Group, after a significant period of uncertainty

§ A Capital Contribution of £35 million to be provided by the Group to support the solvency position of the Conservatrix business, financed from the Group's existing resources

§ Waard to become a material contributor to the Group's dividends following the completion of the Acquisition and the recent Robein Leven transaction, further supporting Chesnara's progressive dividend strategy



Steve Murray, Chief Executive Officer of Chesnara, stated:



"We are delighted to announce the acquisition of Conservatrix's insurance portfolio and to welcome the Conservatrix customers and staff to the Chesnara Group. We recognise that the bankruptcy of Conservatrix has caused significant uncertainty for its customers and employees, but we hope that today's announcement provides certainty and a clear way forward for them.



"This transaction is Chesnara's third over the past year and seventh in the Dutch market, and will further expand the scale of our Dutch operations following the recent completion of the acquisition of Robein Leven in April 2022. Together, these will deliver material value creation for Chesnara and the expected incremental cash generation will enhance the sustainability of our progressive dividend strategy. Conservatrix's portfolio is well aligned to Chesnara's acquisition strategy and will be integrated within Waard, our existing Dutch closed book operation."



"We believe that acquisition opportunities across our target markets remain strong, and we continue to be highly confident in our ability to finance and execute such transactions on attractive terms for both vendors and our shareholders."

[thamestrader] 13/7/2022 16:21

added a few at 278.00p

[gabsterx] 24/6/2022 16:38

Is that so hard to believe? Check the chart

[my retirement fund] 24/6/2022 15:14

yea, of course you did !

[gabsterx] 24/6/2022 14:47

Got my order fulfilled at 278.50, nice safe growing divi with this company

[thamestrader] 23/6/2022 11:15

Couldn't resist a little top up at 282.39p, although I must admit I prefer to buy at under 280p.