London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good luck!
Nice to see CSN holding today when the rest of the market is down. Relatively speaking that's an increase! I decided to pull the trigger and sell the shares I bought in early December, for a small profit. I got almost 280p. As I wanted to trim my holding anyway, I thought I'd raise some cash now, in case today's drop is the start of a correction. I think we're due for at least a small correction, even if the general trend upwards continues. I still have 5-6% of my portfolio in CSN.
Yes, that's true, if you hold CSN long term, then the SP always rises back up before going ex-dividend. But if you sell before going ex-dividend when the SP is at its high then buy back when it falls to its lowest afterwards. You can make extra gains. Of course you must time it right though.
I think I am going to try it this time. Hope that I my timing will be good. So, wish me luck.πππ
Well, I won't mind too much if the share price just retraces to where it was before, so we get the dividend with no fall in share price overall!
Since I was thinking of reducing my holding a bit, I might sell some just before ex-div day.
'non' executive...
Oh yes, the no executive director did buy some shares yesterday. πππ
Indeed Yes
The NED bought 10000 outright yesterday did she not senitdoneit
Rises before going ex-dividend. Let's see how high can it go this time before retracing then. Good luck everyone.
No, the CEO didn't buy those shares. They were part of his pay package. Granted to him free of charge. πππ
Well that's encouraging that a non exec Director has bought not an insignificant amount of shares ..perfect good for her
Yup, this is same as last time before going ex-dividend. We probably will see over 280's, but will it be the same as last time as well, droped like a stone after going ex-dividend? I think highly likely just like before many times (or all the times), lol.
Good luck everyone and have a nice day.
Wow! As soon as I posted that it jumped to 275p. That's probably a buy price and it'll soon snap back to the sell price. Still, it's a good sign.
Nice to see a modest rise in share price. It touched 270p today, the first time I've seen that price for a while. I'm still slightly underwater, not counting dividends. I don't usually care that much about the share price, as I'm holding for the dividends, but I thought I might sell a few shares if it goes higher, as I overdid it a bit, at 8% of my portfolio.
Good news, one of CSN's directors has bought 10,000 shares. It's about time to steady the ship. Let's hope that this will give the investors a bit of confidence. I would love to see the SP revisiting Β£2.80 or even Β£3 before it goes ex-dividend.
Good luck everyone.
As long as it will continue.....πππ
... and a "Buy" recommendation in the Times today.
Apologies, you're right Dram
XD 11th April
On first reading it is another good set of results. Some of the details I quickly looked for:
(i) Robust solvency of 205% (FY 2022: 197%).....In my experience the solvency ratio is the real measure of CSN. It is way above their target range (140-160%) so the balance sheet is very strong at present.
(ii) 3% increase to the full year dividend (total 2023 dividend of 23.97p per share).....I guess this is why most of us are here. It's reliable, it's predictable.
(iii) Cash balances at group holding companies increased over the period to Β£124.1m...... We can expect future acquisitions that can be funded by cash. It will keep the company and dividend growing.
(iv) Increase in CSM of Β£53.8m (Β£42.4m net of tax) over the year..... The measure of "future profits". Nice to see this increasing although we should look for more details (PHNX's results recently said their CSM was increasing in the summary but when you drilled down into the presentation it had not.....It can be used for smoke and mirrors).
Overall, happy to still hold.
Guitarsolo
Yes, that would be nice if we have rise like PHNX, lol.
Me too, will stay for the generous dividend. It would be enough to cover the capital losses. Of course would love to see the SP bounce up as well. So let's bring on Thursday.
Here to CSN, Onwards and upwards!
Let's hope CSN gets a nice bump from its results, like PHNX did recently. While I don't worry too much about the share price, as I'm in it long term for the dividends, a falling share price makes me worry that Mr Market knows something I don't. Also, I have quite a big CSN position, and no intention of buying more, so a falling share price doesn't help me. Fingers crossed. π€
Will it help the SP to climb its way back up to 270/80? Well, let's hope so.
Anyway, I am looking forward to the juicy final dividend, which I think it will be at least the same as last year's 15.10p. Maybe a slight increase keeping the unbroken 17 years of growth record. Good luck to all LTH's.
Thanks, at least I timed my question well
Is there ever anything happening in this company? Have a big holding here but in the doldrums for ages now. Big dividends donβt make up for it and do not reassure..
Why are their earnings negative?