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

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!

Yeah, timing on buying into these is more critical to a lot of other stocks I find, very attractive though as the divvies are so good.

Sold these earlier and bought some more VLK.

Looking at AV. and RSA,

But be careful with latter, there are question marks about connection with audits.

Think the connection is irrelevant.

Cracking finish to the day ahead of the ex-div. We've got back most of the ex-div drop on today's rise. I doubt if this rise will continue and we'll probably see a couple of months in the doldrums once we've gone ex-div - until the next update looms into view.

Correct LG, 8 year high reached 263p ahead of tomorrow's Trading Update at the mo.