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Typo .. sorry !
Any strong thoughts as to what price may fall to over coming weeks or months, i will be looking to load up again but would really welcome some Technical / Chartist advise before I place my next set of orders ? I got the last ex-divi drop wrong and missed the boat to some extent, still I am happy with my recent trade and booked some profit (Nobody ever got poor by taking profit). Am a supporter of this share so please dont think I am deramping... just asking for some opinions ? bottom will be found
Very happy the way the share price is holding up considering we now have a hefty dividend in the pot.
up nicely along with great dividend return....cant be bad !
Coming back in to land ... mind you, still blue and FTSE down.
This is moving in the right direction. Great divi and a good profit on my average. One of the favourites in my portfolio.
Steadily upwards. I have high hopes for this share in 2013, ..In for the long run for excellent dividend income but nice to see the sp rising at the same time. GL all in the coming year.
Agree - good recent results, solid company. As people are getting less on cash deposits, the cash will continue to drift into high yielding stocks like this one. With the great yield here, this one still has a long way to go. And it's not like it's a basket case share either (often the case with very high yielders).
I bought into this share @ 164p a little over a year ago mainly because of the excellent dividend yield. Long term i can see the share price steadily rising and i intend to hold for the forseeable future. GL.ALL
Who said this was a boring share
As price goes up,results please & top divi paid.Maybe they need to buy a few wildcat wells?
To perk us all up in a tough stockmmarket.lots of lovely vocabulary like...excellent,strong,opportunities.Read today's 9 mth interim statement.Happy Friday!
I really like CSn because its so defensive(its big strength in this weeks market maelstrom).Personally I would bite the markets hand off in 175-180 range but that looks unlikely given current trend.Operating in such an unglamorous sector the mkt only gets excited when it acquires ' new stock ' of old policies( if you get my drift) .we all love a little gamble but CSN,VOD,AV do me just fine for main portfolio.I think it will trade in relatively tight trend:175-200 & with its divi & balance sheet I can depend on it as safe haven.What else are you liking ?
I saw that you are casting an eye over this one ... would you care to share your thoughts regarding entry price & targets etc ?? T/A is showing 172-174p support, however IMO it is likely that we will see a few pence lower before the fund money arrives in here ready for next upward shift. My Opinion/Rating is not a reflection of the company, its management, products or performance ... it is simply a means to show my sentiment re: investment decisions based on T/A and some very basic fundimentals analysis. If support is broken and my 'Value' target is achieved then hopefully my order will be triggered and I will be back in and seeking to add more on further weakness.
180p was strong floor that has been tested plently over recent days.... was breached today and 176p tested !! Average PER for Life Sector is x10.5 therefore if last years earnings can be repeated then CSN looks cheap at this level ... thing is that the so called 'Experts' are forecasting much reduced earnings for 2012 & lower still in 2013. Still maintain that 170p looks great value as makes for 10% dividend yield, however there is a chance that absolute rock bottom price here could be as low as 145p ... Hmmm, having said that the very generous dividend should serves to prevent too much slippage. Now, please don't get me wrong, I actually quite like this share for reasons that I have posted previously, however I have had it rated 'Sell' since I sold out in september. My opinion/rating will change once i feel confident that the tide has turned .. which I am thinking might be very early 2013. I still hope to carry 5000 shares into next bull-cycle ... fingers crossed that I call it right (I need some good fortune to bail my other losses out a little) !!! Good luck all.
I would agree that there maybe buying oppertunity coming soon ... anything under 170p represents excellent value. BoD have suggested that they intend to maintain the current Dividend policy (They understand that this stock is held by a great many PI's in SIPPS & ISAs etc). All eyes will be on Earnings and Scandinavian updates here... if EPS can be defended and they can show tangible progress overseas then not unreasonable to expect sp to begin with a £2.xx ?? I have stated that I wish to be back in here by mid-end February and my hope is that I can be carrying an average below £1.70 by that time ... time will tell.
Falls when equities tank . Maybe buying/adding opportunity soon
anybody got any info on this share. looking to purchase about 1.88 with a view to hold. also have I missed a divvi payment due to timing of potential purchase?
of blue on ere,early days though,plenty of time for a "boom" party at the end of that rainbow..................
Quatre of apage about this comp and an 8% yield.......
Sold out today @ 206p ... hope to buy back again in next few months. I figured that the capital gain was much higher than the Dividend that I would have taken, so I cashed in (Hope I did the right thing) ?? Like this stock a lot and so will be back and hope to step up my volumes next time ... 5000 shares is a big deal for me and that would be my target holding by end Feb'13. Note - My exit timing is notoriously poor, therefore I wish all still holding this stock every success as it will probably continue to go up now that I have jumped (LOL) !!
Nevertheless, the broker has raised its full year embedded value (EEV) forecast for the full-year, although the IFRS and EEV profit forecasts for the full year have been trimmed, to reflect the shortfall in Sweden. The broker's dividend forecasts have been left untouched. "We note that the cash generation in H1 of £12.4m more than covered the final dividend paid in the period of £12.1m," the broker added. Panmure Gordon is also a buyer, saying the company showed "remarkable reasilience" in the difficult investment markets, in which first quarter gains in equity markets were largely reversed in the second quarter, while UK bond yields continued to drift lower. "The UK business appears well prepared for the introduction of Solvency II with no increased capital requirements anticipated. It is in Sweden where we believe management faces its toughest challenge with policy attrition at a high level," Panmure Gordon predicts. Kettleborough told Sharecast that the company had looked at a number of acquisition opportunities, particularly in western Europe, "but none were of the size to make it worthwhile." Panmure Gordon suggests that the introduction of Solvency II, whenever that finally happens, may result in more interesting opportunities.
"We have seen a decline in new business but we are not alone in Sweden in seeing new business fall away. Swedes are cautious and though they have cash they are sitting on their hands at the moment in view of the economic climate," Kettleborough explained. More specifically to Chesnara, the group had some teething problems in Sweden switching to a new information technology system - "an operational hiccup" - which cheesed off many customers and caused some reputational damage, but with a new boss in place in Sweden the issue is getting sorted and the company is readying for a marketing push to lure customers old and new in to the fold, Kettleborough claimed. Total EEV for the group increased from £294.5m at the end of 2011 to £296.3m at 30th June, after allowing for the payment of the 2011 final dividend of £12.5m during the period. The company's stock market valuation is around £217m. Market reaction the figures was favourable, with the shares rising as high as 191.75p in the first three hours of trading before ebbing slightly; the day before the results the shares had closed at 185p. Canaccord Genuity, which rates the shares a "buy", said that Sweden had detracted from a good UK performance. "[Movestic's] AuM [assets under management] and market share have declined (albeit Q2 [second quarter] showed an improvement on Q1), and the new business value turned negative in H1 [first half]," the broker said. "While there was no cash contribution to Sweden in H1, sustainable IFRS break-even has been pushed back a year to end-2013, with a full year profit contribution not expected until 2015. A new CEO is in place, who is said to be having an impact, but, until there is a strong recovery in savings demand, we think the division could continue to struggle," is Canaccord's view.