CHESNARA

This has a dreadful chart for last few months.
Didnt know why.
But it appears that USB has disposed of 4.2million over recent period which I think probably accounts for depressed 2 mths.

Strong points are its projected yield of 8.67% .
Peg of .36 and projected Peg of .29
Projected Profit 50% rise.

I have held these from about 98 before disposing of them at about 170 and re-buying some at 169 and 155 and 158 after recent drop on 31/102005 when it dropped probably due to USB sell..
Also bought some CFDs

My guess is that it is going to recover fairly sharply.

BDYOH

BB - try adjusting the size - the one above is size=700.

Thanks skinny, it not the size that counts........where have i heard that before.... it's the time scale. On 1yr you only get lines, 6mths or less = bigger candles

A reduction by the look of things.. What do you make of it then fans? http://www.moneyam.com/action/news/showArticle?id=4470430

Interim Management Statement

Steady progress in continuing uncertain markets


· Increase in EEV to £305.8m at 30 September 2012 from £294.5m at 31 December 2011, net of the impact of the distribution of a £12.5m dividend in May. The increase is predominantly due to £18.4m of pre-tax profit emerging as a direct result of investment market performance.

· EEV pre-tax profit for the nine months ended 30 September 2012 of £29.6m (nine months ended 30 September 2011: loss of £(59.8)m).

· Profit on an IFRS basis before tax for the nine months ended 30 September 2012 of £20.1m, excluding exceptional item (nine months ended 30 September 2011: loss of £(8.9)m) is underpinned by UK product-based surpluses which remain strong at £16.9m.

· Net cash generation of £30.1m for the nine months ended 30 September 2012 (full year 2011: £25.4m). The 2012 cash generation includes £7.0m resulting from the de-authorisation of the S&P companies following the Part VII transfer.

· Solvency ratios remain strong with Group (IGD) at 216% (31 December 2012: 198%), CA at 256% (31 December 2012: 183%) and Movestic 280% (31 December 2012: 245%).

· Movestic generated £7.9m of Embedded Value in the nine months ended 30 September 2012 (nine months ended 30 September 2011: loss of £(20.5)m), with the recovery in Swedish equity markets more than compensating for continuing challenging operating conditions.

· Shareholder equity on EEV basis (pre interim dividend payment of £7.0m on 15 October 2012) at 30 September 2012 of £2.66p per share (31 December 2011: £2.56p per share).

· Acquisition opportunities continue to be examined.

Steady progress indeed Skinny by the looks of it today, SP up over 3%.

Continuing to move up and away. High yielding shares have had a good run recently as income seekers have been buying (stand up Lord Gnome).

One of the few in the sector that I don't own atm.

Yes a cracking Divi, but SP down on my purchase so keep going up you fool.

Final Results

3% increase continues dividend growth at Chesnara

Chesnara today reported final results for the year ended 31 December 2012. The Group remains committed to offering shareholders an attractive long-term income stream arising from the profits of its life assurance businesses.
· IFRS profit before tax, excluding exceptional item, for the year ended 31 December 2012 increased by 9% to £24.5m (2011: £22.4m)
· Increase of 5% in EEV to £311.1m (31 December 2011: £294.5m)
· Increase of 24% in EEV pre-tax operating profit to £19.0m (31 December 2011: £15.3m), excluding modelling adjustments
· Strong and increased cash generation of £41.0m (2011: £31.4m)
· Group solvency ratio remains strong at 244% (31 December 2011: 198%)
· Subsidiary solvency ratios also strong and above targets. CA at 199% (31 December 2011: 183%) and Movestic at 280% (31 December 2011: 245%)
· Movestic increases IFRS pre-tax profit to £1.4m (2011: £0.4m)
· Shareholder equity on EEV basis (pre proposed final dividend payment) now £2.71p per share (2011: £2.56p per share)
· Earnings per share on IFRS basis of 24.33p (2011: 22.35p)
· Final proposed dividend increased by 3.2% to 11.25p (2011:10.9p). Total dividend for the year increased by 3% to 17.35p (2011:16.85p)
· Board remains focussed on offering shareholders an attractive dividend flow
· Acquisition opportunities continue to be sought and examined

Good set of results, increasing dividends, and a SP on the up. Good time to be in Chesnara.

Yet another divi increase. A small one, but every little helps.

Yes indeed Q + LG, came out with a small profit + VG Divis banked from the past.

Going Ex. divi tomorrow paying well as usual, Will watch this from the sidelines for a bit.

Stan - its ex dividend on Wednesday 10th.

Oh you know what I mean Skinny -):

:-)

No one going for the Divi today then? 11.25p.

Stan - I have a few, but I am a late comer to the party - @195.

A VG. buy price well done, worth holding for the divi in that case as very unlikely to go down 50 odd pts tomorrow.

I watched for most of last year and subsequently missed 2 dividends - heyho!