The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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.
Right, onwards and upwards then...
Tipped in today's Times probably helped as well. Good write up.
Yes, seems like a bit of slow reaction but no body minds.
It took the market a full day to understand the results but clearly it likes them!
£3.07! Think it's attracting some dividend chasers....
Steady as it goes. Probably we'll see over £3 next week up to Sept 9, the ex_div day before dropping back. Let's hope that it can hold above the £3 mark after Sept 9. Good luck everyone.
A decent finish, can't really complain.
Not bad but not great either, the important thing is that it is not causing the SP to drop. Nice 3% increase of the interim dividend to 7.88p as well, let's hope that the SP will continue to climb slowly from here. GLA
I understood the divi up3% part of the announcement but the remainder read like a technical explanation aimed at institutional investors. I hope they like it!
Highest closed since April. I wonder what Thursday will bring? Will a good result trigger a big rise? Let's wait and see. GLA
Yes Optimus mate, I bought for the dividends in the first place but CSN needs to do better this year as the dividend was barely half covered in 2020! Let's hope that a good set of results will be delivered on AUGUST 26. Wish everyone the very best of luck!
Yes seen_it_D_ ........ some surprising movement and volume on this share today for no obvious reason.
As you say could be sentiment.
Ive been a holder of CSN for a good few years and the dividends it has kicked out have been truly amazing.
Whilst they continue ill hold but always nice to see the SP increase
Oh, Aviva has also reported great results today as well. Maybe CSN's SP rises is the reaction to that too.
By the look of the SP movements, the reaction to announcement RNS of the half year report seems positive. Both DLG and LGEN delivered good figures. Let's hope that CSN will also come up with a good set of results too. Good luck everyone.
No that's not very good, but par for the course with Banks/Building societies!. I started off getting share certificates via Barclays but moved online to iii (as they were) over 20 years ago. I can't really fault them tbh, although their prices have increased quite a bit over the years!. They used to charge quarterly, but following the name change to ii it is now monthly fees of just under a tenner, although you do get this back as credit if you buy shares or reinvest dividends. Funnily enough they've just sent me a link if I refer a friend, (drop me a pm if you want the details) but basically I get a £100 and the friend gets a whole year of investing for free saving you up to £120 in service plan fees and an additional £120 in SIPP fees if they open an ii SIPP*. It's a bit of a "sprat to catch a mackeral" as my granny used to say as you need to fund it with at least £10,000! and obviously after 12 months you'll be forking out £9.99 a month (unless their fees go up again!). I've more than doubled my money in CSN in the ten years I've been reinvesting the dividends and managed to reinvest last months divi @ 270p recently (although with the stamp duty and fee it was 272.20p)
It turned up Wednesday afternoon, 2 days late. I currently get the dividend paid straight to bank, even though I bank with the Halifax it takes 3 working days to reach my account. I'll actually receive the dividend into my bank account next Monday.
You could say it's not the fastest/best service Lol.
Hope Halifax pull their finger out and you get it soon then, hopefully once all the dividends have been reinvested I'll be able to get a cheaper price! Got close today but the spread defeated my limit buy.
"you're" not sure why there is no edit post option on here.
Your lucky you've got it, I'm still waiting for mine with Halifax.
I used to do dividend reinvestment but same as you found the settlement prices were never in my favour.
Hi I was wondering whether anyone here uses ii to hold their shares?, I'd be interested to know what their dividend reinvestment price was today when the divi's hit the account. I've recently cancelled my automatic reinvestment with them as I've felt on a number of occasions their price was manipulated up eg last week my Aviva shares were bought at 411p before the price fell back below £4 a day or so later, and I can still buy the shares for less than this!. I will be reinvesting my divi in CSN at some point as I've been a holder since 2011 and have faith the dividends are secure and will compound nicely over the coming years. - Thanks
Hi Whitelye,
I've always found CSN very hard to read, mainly because in the murky world of actuary rates, investment returns, life expectancies, reserve releases blah blah blah it's hard to follow what's going on (and stay awake!). Embedded value gives you a very rough idea of someone's break-up value for the portfolios but until you tried to sell anything, no one really knows!
So I track the dividend (usually increasing around 3% pa.) and how the market reacts (presumably analysts who DO understand this!). In this instance, both of those metrics have proven reasonable.
Guitarsolo
Results to my reading not that rosy, albeit rise in dividend.
Let's hear the results.
The SP might move the most it has since the last time the company communicated to the market.
I did my research on this company and bought today because of the very attractive div yield and in anticipation of tomorrow's results which should have improved since last year. Why? Because interest rates have risen since last year, equity indices are at higher levels and the GBP had not appreciated versus the SEK since last year, albeit it has vs the EUR. Overall many of the exogenous factors are in their favour.