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Chesnara PLC (CSN.L)

CSN.L on London Stock Exchange

376.50GBp
13 Jul 2018
Change (% chg)

0.50 (+0.13%)
Prev Close
376.00
Open
379.00
Day's High
380.00
Day's Low
376.50
Volume
18,827
Avg. Vol
125,028
52-wk High
424.50
52-wk Low
334.29

Latest Key Developments (Source: Significant Developments)

Chesnara Says FY Pretax Profit Of 89.6 Mln Pounds
Thursday, 29 Mar 2018 02:01am EDT 

March 29 (Reuters) - Chesnara Plc ::FY ‍IFRS PROFIT BEFORE TAX OF £89.6M (2016: £40.7M)​.FY ‍ECONOMIC VALUE OF £723.1M VERSUS £602.6M​.FY ‍GROUP SOLVENCY RATIO OF 146% (31 DECEMBER 2016: 144%)​.FY ‍ECV EARNINGS NET OF TAX OF £139.5M VERSUS £72.5M​.‍2.98% INCREASE IN FULL YEAR DIVIDEND COMPARED WITH 2016​.FY ‍ECV NEW BUSINESS CONTRIBUTION OF £12.4M VERSUS £11.7M.FY ‍GROUP CASH GENERATION, EXCLUDING IMPACT OF LGN ACQUISITION, OF £83.9M VERSUS £36.5M.‍TOTAL DIVIDEND OF 20.07P PER SHARE (2016: 19.49P PER SHARE)​.‍NOW HAVE SUFFICIENT SCALE AND PRESENCE IN BOTH UK AND NETHERLANDS TO CONTINUE FOCUS ON ACQUISITION ACTIVITY IN THOSE TERRITORIES​.‍REMAIN OF VIEW THAT WHATEVER OUTCOME FROM BREXIT NEGOTIATIONS, CO EXPECTS IT TO HAVE LITTLE DIRECT IMPACT ON BUSINESS MODEL​.  Full Article

Chesnara gets valid acceptances for 267 pct of shares offered to raise funds for L&G deal
Tuesday, 13 Dec 2016 02:11am EST 

Chesnara Plc : Received valid acceptances in respect of 12,465,882 open offer shares from qualifying shareholders . This represents approximately 267 per cent of open offer shares . Placing and open offer to raise gross proceeds of approximately £70 million .Results of placing and open offer.  Full Article

Chesnara says post-Brexit regulatory changes may lead to HQ shift
Wednesday, 31 Aug 2016 05:54am EDT 

Chesnara Plc : Says could move HQ to Amsterdam, depending on EU/UK regulatory environment . Says preferred scenario is to maintain HQ in Preston, northwest England Further company coverage: [CSN.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Chesnara says full-year outlook largely unchanged
Wednesday, 31 Aug 2016 02:00am EDT 

Chesnara Plc : Half-Year report . Group solvency ratio of 148 pct (31 December 2015: 146 pct) . Cash generation of £13.6m note 1 (six months ended 30 June 2015: £16.8m .excluding exceptional cash gain on acquisition of waard) . Economic value (ecv) of £459.9m note 2 (31 december 2015: £453.4m) . Ifrs profit before tax of £0.2m (six months ended 30 june 2015: £30.4m . Current period is adversely impacted by a reduction in yield curve . Prior year result includes a gain of £16.2m recognised on acquisition of waard group . Economic value loss net of tax of £3.5m . 2.9% increase in interim dividend compared with 2015. Recommended interim dividend of 6.80p per share (2015: 6.61p per share . Outlook for chesnara remains largely unchanged . Value enhancing acquisition opportunities in uk and western europe, principally in £50m - £200m range, continue to be sought and examined . Reductions in yield curve in uk has dampened level of cash emerging from uk books this half year .Overseas divisions have continued their cash generation that funds our dividend strategy.  Full Article

Chesnara FY profit jumps on Dutch insurance deal

March 29 Chesnara Plc, an insurance-focused takeover specialist, reported on Thursday a surge in full-year pretax profit, driven by strength in its domestic business and gains from its acquisition of Legal & General's Dutch insurance business.