Chesnara (CSN)

Sector:

Insurance

Index:

FTSE Small Cap

263.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 305.00
  • 52 Week Low: 250.00
  • Currency: UK Pounds
  • Shares Issued: 150.86m
  • Volume: 409,154
  • Market Cap: £396.75m
  • RiskGrade: 146

Chesnara buys portfolio of life and savings policies

By Iain Gilbert

Date: Friday 22 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Life and pensions company Chesnara has acquired a portfolio of term life and savings policies from the Dutch branch of Belgian-owned Argenta Bank-en Verzekeringsgroep.
Chesnara said on Friday that it has bought the portfolio of approximately 44,000 term and savings policies for €29.15m in cash, funded from existing reserves within its Netherlands-based closed book operation, Waard.

It said the consideration represented a discount of 17% to the portfolio's Solvency II own funds and a 22% discount to Chesnara's estimate of economic value.

The transaction was expected to be accretive to both earnings and economic value upon completion, which is due next summer.

Chief executive John Deane said: "This is a very pleasing acquisition for Chesnara. It will create material operating synergies with the existing Dutch business and, after the Monuta portfolio, it is the second deal that will be integrated into, and add value to, our Dutch closed-book platform Waard Group."

As of 0950 GMT, Chesnara shares were up 3.76% at 276p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Chesnara Market Data

Currency UK Pounds
Share Price 263.00p
Change Today 1.00p
% Change 0.38 %
52 Week High 305.00
52 Week Low 250.00
Volume 409,154
Shares Issued 150.86m
Market Cap £396.75m
RiskGrade 146

Chesnara Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.44% above the market average69.44% above the market average69.44% above the market average69.44% above the market average69.44% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
14.29% below the market average14.29% below the market average14.29% below the market average14.29% below the market average14.29% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
89.16% above the market average89.16% above the market average89.16% above the market average89.16% above the market average89.16% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
64.28% below the market average64.28% below the market average64.28% below the market average64.28% below the market average64.28% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Chesnara Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 28-Sep-23
Paid 28-May-24 10-Nov-23
Amount 15.61p 8.36p

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 2,500 @ 263.00p
16:35 8,777 @ 263.00p
16:35 124 @ 263.00p
16:35 75 @ 263.00p
16:35 270 @ 263.00p

Chesnara Key Personnel

Finance Director David Rimmington
Chair Luke Savage

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