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“Operational variances showed the effect of the challenges to the Swedish business, in particular, although their negative contribution of £32.6m was a distinct improvement on the £49.9m loss in 2020.“
Jeez Louise, any part of a business losing those sorts of money needs sacking off!
Deals completed which frees group up to start integration process and hunt for some new targets
Good to see that U.K. regulatory approval confirmed as deal adds significant scale to U.K. business and potential synergy cost savings and capital efficiencies plus greater cash generation.
Underwhelming response to the positive write up in The Times today. I'll have to go elsewhere for my tips lol.
Further increase in dividend which is a positive.
Clearly some challenges in Sweden with customers transferring to cheaper rival which may have improved in 2022 and old L&G business in Holland has issues which is why It was sold.
2022 interims will hopefully reflect benefit of two acquisitions one of which is huge for U.K. business.
2022 will see increase in scale and profitability once two acquisitions complete
Overall group looks to be in a good position
great cash generation plus divi growth for 17 years warrants a small uptick here imv.
Yes an unusual occurrence ramping maybe lol
I found the latest RNS from CSN on the APP board. I am sure this is just LSE muddle and not the stock exchange. Doh!
Hardman & Co Research Hardman & Co Research : Chesnara (CSN) Initiation of Coverage: Could be the least worrying dividend you'll get 02-Dec-2021 / 13:50 GMT/BST
Hardman & Co Research: Could be the least worrying dividend you'll get
Life assurance consolidators should be boring most of the time, perhaps apart from when they do some M&A. Operationally, Chesnara has been close to achieving that, although recent events have made it challenging. Although cash generation has remained adequate in the past couple of years, the prospects of a calmer environment should bring a return to more meaningful surpluses again. A comfortable, but not overweight, capital position supports this. We expect continued, steady, operational and capital management activities to underpin the additional value that acquisitions and new business will bring in.
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/could-be-the-least-worrying-dividend-youll-get/
Now, 302p to buy, we are back to over £3 again, hooray!!
It looks likely to go over £3 again. Let's hope we will see £3.20 before this year ends.
Yup, this is a great dividend paying share indeed.
Agree GuitarS ..........Toped up at 2.87 yesterday cracking divi share with 7.8% yield held and added since 2014 my best ever income share
I think the problem with CSN is it just bores the **** out of people! There's not much to get excited about - but then, who wants to?! The dividend record is terrific, even if the increases are inflation or just above each time.
It's not a priority for me to top up but, if I was going to, I would hold out for a chance into the 270s for sure or just forego it.
Guitarsolo
This is the same as last time. The ex-divi drops will probably see it down to sub 270 again.
It has touched 314 this morning but only for a very short period of time. It will go back up again soon. Let's hope that next time it will be there to stay.
lets hope so
Nice link Troajan ( you are like the wind you are everywhere ) GL
Back to 310p to buy...... will attack 320p again soon!!
Yes lets hope so only just looked at the RNS from this morning.
Ive been a bit distracted with the EasyJet rights issue but as a rule Chesnara gets a good deal for their share holders..
yep onwards and upwards
Good thing is that Chesnara will fund the purchase from borrowing, which means that there will be no dilution. Let's hope that the new business will make more profit for the company. Here is to onwards and upwards!!!
Hi Seen It.......... yes a good effort on Friday . Its a a share we can sit comfortably with if it dips up and down a bit ....... divis keep coming.
GL all
Good to see it managed to finish the week above £3 (only just).......hope that there will be upward movements from next week on. Good luck everyone and have a nice weekend.