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 Shares Traded Last Trade
  -1.50 -0.53% 279.50 34,049 16:35:09
Bid Price Offer Price High Price Low Price Open Price
274.00 279.00 285.00 274.50 284.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 268.33 96.11 52.77 5.3 419
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 UT 1,199 279.50 GBX

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Date Time Title Posts
19/11/201512:33CHESNERA-Investor's chronicle tip for income seekers.13
23/11/200716:37Chesnara, xd. 01/04/05 fin. div. 7.1p, paid 29/04/05167
04/10/200518:38A screaming bargain3

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Chesnara (CSN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-06 15:35:09279.501,1993,351.21UT
2020-08-06 15:29:36279.0012.79AT
2020-08-06 15:29:21274.503287.84AT
2020-08-06 15:28:57274.5055150.98AT
2020-08-06 15:28:56274.5055150.98AT
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Chesnara (CSN) Top Chat Posts

Chesnara Daily Update: Chesnara Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker CSN. The last closing price for Chesnara was 281p.
Chesnara Plc has a 4 week average price of 270p and a 12 week average price of 263.50p.
The 1 year high share price is 350.50p while the 1 year low share price is currently 200p.
There are currently 150,065,457 shares in issue and the average daily traded volume is 31,017 shares. The market capitalisation of Chesnara Plc is £419,432,952.32.
deadly: Strangely, share price has been falling since end April contrary to the rest of the market yet this commpany is more than resilient in these times. Looks a good buy again.
edmundshaw: Good share price action given the XD yesterday.
p49b: I hold both CSN and PHNX and cant help noticing the divergence between them, what do investors think is the cause of CSN share price decline as PHNX has been steadier.
jonwig: The problem with this share price (and other life insurers, which have huge piles of cash which they need to invest in 'risk-free' assets) is, of course, zero and sub-z interest rates. There's a glimmer of hope, though: sub-ZIRP leads to and investment and consumption ice age, with the weakest banks unable to survive. MMT supplies an answer (a glib one, yes), that is, helcopter money, people's QE, whatever. The US would lead, UK follow, maybe Japan, China. The EZ? Maybe kicking and screaming when it's too late. It is very dangerous of course. PQE would be described as 'temporary' which, of course, as Friedman points out, lasts forever. Hence hyperinflation. But that's later on! Once you hear of hedge funds shorting the bond bubble, take notice and maybe buy this.
speedsgh: Well, now we know why CEO John Deane hasn't dipped into his own pocket to buy shares in the market. An aggregate of 95,091 nil cost options doesn't give him much of an incentive to part with his own hard earned! Even at the current depressed price that represents just over £250k FOC. Director/PDMR Shareholding - HTTPS:// Meanwhile the share price continues to post new lows. Now down 35%+ over the last 18 months.
ramridge: This is an extract from the chairman's statement. "The total group cash results have however been suppressed by continued downward pressure on interest rates. In addition, the Solvency II standard formula capital model is more onerous regarding capital requirements for equity exposure during a period of strong equity market recovery." That might explain why the share price has been on a downward slope since the start of the year. FTSE100 climbed over 10% and interest rates have remained stubbornly low. Over the past month, the stock market has declined. So if the view is that the markets will remain in the doldrums, then that appears to be good for CSN share price. Let's see how it pans out.
jonwig: The interim results: The 'Economic Value' of £645.1m is 3% up on last year, and works out at 430p/sh. I'd always regarded this as a substitute for 'Embedded Value' which nobody uses any more. I always regarded EV as a decent measure of where the share price should be but currently the share price is a 35% discount! They do say that low interest rates are depressing returns, and there have been forex losses but I'm still at a loss to explain the huge discount. As usual they don't give the dividend dates until almost the end: 7.43p, xd 05/09, pay 11/10.
gabsterx: I guess people are anticipating a drop in economic value which pretty much dictates the share price. As Chesnara's investment portfolio follows the market I'd expect it to remain depressed for a while longer. That being said I've been looking at the yield vs dividend vs price history since 2004, until recently CSN was averaging a 8 to 9% yield until it dropped to the high 5s in 2013. They have been increasing their dividends for 14 years even in years of huge enterprise value drops. If the price drops a bit more I might add more shares.
joan of arc: So why is CSN share price crashing? Fear of competition?
epicsurf: Have held chesnara from £1.24 as a bond proxy,this might be the reason for the recent Drop in share price or not. Insurer Swiss Re will float its British life operation in a £3.5billion spin-off next month. The life insurance firm will be known as Reassure Group and will list on the London Stock Exchange as one of the year’s biggest public offerings. Swiss Re bought the division in 2004 when it was known as Windsor Life. Reassure buys and oversees old life insurance policies which other companies issued but no longer want to own – a growing area of business in the industry which could be worth £100billion over the next five years according to research by consultant Oliver Wyman.
Chesnara share price data is direct from the London Stock Exchange
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