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
  5.00 1.41% 358.50 172,209 16:35:04
Bid Price Offer Price High Price Low Price Open Price
353.50 363.50 367.00 354.00 357.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 274.92 27.01 16.10 22.3 537.0
Last Trade Time Trade Type Trade Size Trade Price Currency
17:04:54 O 72 358.48 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 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 353.50p.
Chesnara Plc has a 4 week average price of 320p and a 12 week average price of 320p.
The 1 year high share price is 409.50p while the 1 year low share price is currently 310.50p.
There are currently 149,860,781 shares in issue and the average daily traded volume is 34,335 shares. The market capitalisation of Chesnara Plc is £537,250,899.89.
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.
jonwig: PHNX has been quite steady. This share price has caused a lot of head-scratching over the years.
speedsgh: Nice to see a bit of positivity returning to the share price prior to results a week on Friday (29 Mar). Now back above 200 SMA.
jonwig: The share price here has often shown mystifying behaviour, so the question is how to value the company. Insurance accounting is still pretty opaque for me, but maybe a key number is "solvency ratio". Solvency ratio was 157% at 30/06, meaning (roughly) that it would fall to the critical 100% if supporting assets fell by 36%. Since these will be bonds rather more than equities, that's pretty unlikely. (Isn't it?) The SR has varied between 143% and 148% since end-2015. At 30/06/15 it was 271%, but that predates Solvency 2 so isn't really comparable. Another factor is FX gains/losses. Actually I don't think these matter, as SKR, say, is kept to service the Swedish arm, and changes only when account are drawn up in GBP. It's worth saying that CSN uses external fund managers (Schroders, I think), as does PHNX (SLA). They used to quote an embedded value, but that's stopped, and they now quote "Economic value" - EV per share at 30/06/18 was 467p, though this isn't a recognised measure. The company has net cash (ie. debt is irrelevant). So when FY results to 31/12 are published in March I'd be surprised if the SR fell by more that 10% (ie. to 141%), and I'd be comfortable with that.
propertyman: In view of the general uncertainty in shares, current for the time being, the results look rather appealing. The share price hasn't moved much over the past few months and that shows the business is fairly stable. I know I am investing for income and remain fairly happy about today's statement.
speedsgh: 3% increase in interim dividend offset by 3% fall in EcV means that the share price will probably at best trade sideways for the foreseeable future excepting the emergence of any unscheduled acquisition news. That is of course applying logic to the situation which in the case of the stock market is often a pointless exercise!
jonwig: Quiet lately, but we're one of IC's tips of the week. Conclusion: At 146 per cent, the group’s Solvency II ratio – of funds held over the regulatory minimum – is below that of its closest peer, Phoenix (PHNX). However, it is comfortable enough to allow the group to continue making acquisitions. Analysts at Panmure Gordon are forecasting an economic value – which includes future profit expectations from long-term policies – of 496p a share at December 2018. That followed a 3 per cent upgrade to forecasts after a strong 2017 performance. That leaves the shares trading at 0.8 times forecast economic value. Given management’s solid track record of raising the dividend – with Panmure Gordon forecasting a dividend of 20.7p a share this year, equivalent to a 5.4 per cent yield at the current share price – we think this discount is unwarranted. Buy. Last IC View: Buy, 384.5p, 4 Apr 2018
patdavey: A brief look at the long-term share price chart above suggests normal within-range movement.
solarno lopez: Any known reason for the steady decline in the share price ?
chairman20: Look at the discount in the share price as a significant buffer in case of any substantial investment markets decline. Nothing in the stock market is ever safe but CSN is an investment that allows me to sleep easy! And I like the management style - not doing anything incautious.
Chesnara share price data is direct from the London Stock Exchange
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