The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma 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.
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 £2.80 or even £3 before it goes ex-dividend.
Good luck everyone.
As long as it will continue.....😂😂😂
... 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 £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 £53.8m (£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. 🤞
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 don’t make up for it and do not reassure..
Why are their earnings negative?
Downtrend line from 20/11/23, broken, upwards, which is bullish with a sp target of 280. However there is significant overhead supply from previous trading, above 270, price level, which may slow progress to the target of 280. Importantly, the sector insurance chart has no resistance to prevent upward movement, effectively the sector chart is bullish.
It's always good to see a rise on the back of a market down day. This is really a nice recovery. Long may it continue. Would love to see it going back up to the 280's before Santa is here. Good luck everyone and have a nice day.
Good to see the SP recovers a little bit, but I am still under water though. The next ex-dividend date will be next April (final). Expect a little rise before that date. So, it's a long wait from here. Hope that the current level can hold or even will go higher approaching Xmas. Would be nice to have a Santa rally this year. Good evening and good luck to all faithful LTH'S.
LOTM. Exactly that. Director buy last week. I added this morning. This is a long term class act with a great divi.
Wow what's going on today ?
Lots of early morning trades & broken below £2.50 all of a sudden.
I guess it might be caught up in the general market turmoil.
LOTM
This is a good day for CSN. Someone just paid 279.5. Won't be long before we are back to over 280's again. Good luck to all.
This is actually the best I could have expected. The SP is a tad higher than pre results days. On top of that, we have also got the dividend. Let's see what tomorrow will bring. Hope that it will climb its way back to the 280's. 😂😂😂
Good luck to all holders and have a very nice evening.
Yes mate, things are not always going the way as we like. Well, I sold my MNG at 200.2. Need to buy it back at 192 to break even to cover the dividend, spread and cost. Hahaha
Maybe not today, but perhaps the coming days, weeks and months??? 😂😂
You too have a great day, my friend.
And I forgot to say you can buy back MNG for £1.93 already ! so that alone would be worth more than the 6.5p dividend.
Its a pity MNG didn't do this at the last dividend payout when I had loads of them for it :(
I probably should have considered just taking the initial loss on PHNX knowing it was going to be a down day with a view to buying back later, but at £4.75 low so far, it wouldn't be a great return :(
LOTM
Hi seen_it_done_it
It didn't work out for me either with PHNX I could have got out with a tiny profit if I'd set the level at £4.87 but I wanted to make a couple of hundred £ at least so had it at £4.93 so I'll probably be holding it a little while to or will just have to take a loss this time round.
Sadly I didn't buy MNG this time round it would have worked a treat buy around £2.038 say £2.045 including costs etc & out this morning at £2.008 with a 6.5p dividend.
You have a good day to
LOTM
Good morning LOTM-13, I did that but it didn't work out. Now, I have no choice, but have to hold on to my shares.😁😁
Have a nice day and good luck with your buy and sell, my friend.