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
  0.00 0.0% 281.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
281.00 282.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 312.05 28.81 18.18 15.5 422
Last Trade Time Trade Type Trade Size Trade Price Currency
17:51:54 O 414 281.004 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
2022-06-29 16:06:59281.00123345.63O
2022-06-29 15:35:04281.004,17211,723.32UT
2022-06-29 15:28:35282.50109307.93AT
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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 274.50p and a 12 week average price of 274.50p.
The 1 year high share price is 319.50p while the 1 year low share price is currently 255p.
There are currently 150,145,602 shares in issue and the average daily traded volume is 64,995 shares. The market capitalisation of Chesnara Plc is £421,909,141.62.
cwa1: ► Investment summary: Chesnara has three pillars for delivering value, but also aims to be the “least troublesome source of sustainable, attractive dividend yield”. A close analysis reveals that there is substance underlying this aim. In our opinion, the discount to Economic Value looks wider than it should, and the yield appears high for a dividend that is both secure and growing.
bluemango: That's encouraging to hear, given I currently hold both. DIG's holding of CSN is valued at 16.7m, their 8th largest holding by valuation.
1knocker: I bought more at 285 a couple of months ago and sold enough at 312 to clear the cost. Every year I accumulate a few more without increasing my capital outlay, generally buying at around 275 and selling at about 310. It is amazing how predictable this stock is, and how little a regularly rising dividend seems to do for the share price.
speedsgh: May give the share price a bit of a boost today, even if it is short-lived...ADVICE BuyWHY Reliable and generous dividend for income investors
tole: and regularly rising dividends are what most income investors are looking for. This next company fits that bill perfectly, with one of its stated aims being "to provide shareholders with their least troublesome source of sustainable, attractive dividend yield."Chesnara (CSN) is a life-and-pensions company which listed on the LSE in May 2004 in order to acquire UK life-assurance business Countrywide Assured. It also had plans to act as a consolidator in the fragmented life-insurance industry. Since that date it has built up a business making almost £300m of annual insurance premiums, which add to other income, including commissions and investment returns. Chesnara administers approximately 900,000 policies, had funds under management of £8.7bn at the end of June 2021 and operates in three countries across Europe.The UK division mainly consists of the insurance company Countrywide Assured which manages around 240,000 policies and is in run-off, meaning that it no longer accepts new business. The business follows an outsourcer-based operating model, outsourcing functions such as customer services, investment management and accounting and actuarial services. In Sweden, Movestic is a life-and-pensions company which is open to new business. It offers personalised, unit-linked, pension-and-savings solutions through brokers. Finally, the Dutch businesses, The Waard Group and Scildon, aim to deliver growth and earnings through a dual closed and open book approach and through acquisitions.The growth strategy focuses on three elements. Its main aim is to maximise value from the existing business by efficiently administering customers' life and savings policies, generally making sure that they are happy and well served. The second aim is to acquire life and pensions portfolios or businesses ? the company has developed a reputation as a reliable acquirer of portfolios no longer seen as core by vendors. Finally, Chesnara also adds value by writing profitable new business in Sweden and the Netherlands.Top payerChesnara's financial results are a bit difficult to read given that insurance companies report their numbers somewhat differently and use a lot of industry jargon. Profit figures can also be erratic given the effect of market movements on investment results and the effect of forex changes.To provide some easier to understand figures, in the last fully reported financial year (2020) insurance premiums grew by 9% to £293.4m. However, the main income movement was within the net investment-returns section, which fell from £1.09bn to £254.6m following the market crash that year. Overall, net profits fell from £96.1m to £24.6m.After a difficult year, the first half of 2021 saw a recovery after premiums continued to grow and net investment returns hit £621m. Net profits for the period were £17.9m compared to a £6.8 m loss in H1 2020. In the results Chesnara noted that it was actively looking for acquisition opportunities. To that effect, in February this year the company further boosted its spending power by issuing £200m of loan notes to fund such deals.Chesnara has been an income investor's dream in recent times having increased its dividend payment 17 years in a row. From 2004 to 2020 the dividend went from 11.85p per share to 21.94p. That's a compound annual growth rate of only 3.92% but shows consistency and the financial soundness of the business, even through economic downturns. The annual rise was also higher than the average annual inflation over the period of 2.9%. What's more, the half-year payment for June 2021 was increased by 3% to 7.88p.Source: CompanyA share for lifeChesnara may not be an exciting company in operational terms. But its track record of strong shareholder returns is far from boring. The company has delivered capital gains of 167% since close on the first day of dealings, with the 301.17p per share worth of consistently growing dividends taking the total gain to 436%.Chesnara's core valuation measure is economic value, which is based on the estimated and discounted value of future cash flows, using core economic assumptions determined by the market. For much of its history, Chesnara traded at a premium to its economic value. But in recent years that has reversed, with the shares now trading at a substantial discount. The closing economic value stood at 419p per share as at 30 June 2021. So, at the current share price of 298p, investors can currently buy the shares at a 29% discount and also enjoy a dividend yield which should be at least 7.6% for FY2021.
1knocker: Don't hold your breath for a share price rise. For years these have been paying a high and increasing dividend, but no share price rise ever seems to hold. Whenever I have sold at over 300, I have been able to buy in again not long after at 280 or lower. The art, of course, is to be a holder on the ex div dates. Miss one of those, especially the big one, and one very much wishes one had left well alone ....
joan of arc: What drives the CSN share price?
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.
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.
joan of arc: So why is CSN share price crashing? Fear of competition?
Chesnara share price data is direct from the London Stock Exchange
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