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Chesnara PLC (CSN.L)

CSN.L on London Stock Exchange

355.00GBp
11:56am EDT
Change (% chg)

-5.00 (-1.39%)
Prev Close
360.00
Open
364.50
Day's High
369.00
Day's Low
355.00
Volume
55,331
Avg. Vol
112,986
52-wk High
424.50
52-wk Low
334.29

Latest Key Developments (Source: Significant Developments)

Chesnara HY IFRS Pretax Profit Of 26.5 Mln Stg Vs 51.6 Mln Stg
Thursday, 30 Aug 2018 02:01am EDT 

Aug 30 (Reuters) - Chesnara PLC ::HY ECONOMIC VALUE (ECV) OF £700.8M (31 DECEMBER 2017: £723.1M).HY ECV EARNINGS NET OF TAX OF £13.6M (SIX MONTHS ENDED 30 JUNE 2017: £105.8M).HY ECV NEW BUSINESS CONTRIBUTION OF £5.3M (SIX MONTHS ENDED 30 JUNE 2017: £7.1M).HY GROUP SOLVENCY RATIO OF 157 PCT (31 DECEMBER 2017: 146PCT).HY DIVISIONAL CASH GENERATION OF £53.1M (SIX MONTHS ENDED 30 JUNE 2017: £54.8M).3.00 PCT INCREASE IN INTERIM DIVIDEND IN HY.HY IFRS PROFIT BEFORE TAX OF £26.5M (SIX MONTHS ENDED 30 JUNE 2017: £51.6M).HY IFRS TOTAL COMPREHENSIVE INCOME OF £14.9M (SIX MONTHS ENDED 30 JUNE 2017: £53.8M).OUTLOOK REMAINS POSITIVE."MADE GOOD PROGRESS WITH SCILDON DEVELOPMENT PROGRAMME".POST ACQUISITION PLANS WITH SCILDON ARE CONTINUING TO BE DELIVERED AND REMAIN ON TRACK.29 PCT INCREASE IN SALES OF TERM CONTRACTS IN HY COMPARED TO FIRST HALF OF 2017.ACQUISITION ACTIVITY CONTINUES TO TAKE PLACE IN TARGET MARKETS, WITH OPPORTUNITIES CONTINUING TO EMERGE.UK BUSINESS REMAINS A ROBUST SOURCE OF CASH, WITH ADDITIONAL POTENTIAL TO TAKE MANAGEMENT ACTIONS TO ENHANCE CORE CASH IF REQUIRED.SCILDON HAS SIGNIFICANT SURPLUS CAPITAL; DESPITE NEGATIVE CASH EMERGING DURING PERIOD, IS EXPECTED TO BE CASH GENERATIVE ON ONGOING BASIS.MARKET SHARE FOR CORE PROTECTION BUSINESS IS AT TOP END OF 5-10 PCT TARGET RANGE."I REMAIN OF VIEW THAT WHATEVER OUTCOME FROM BREXIT NEGOTIATIONS, WE EXPECT IT TO HAVE LITTLE DIRECT IMPACT ON OUR BUSINESS MODEL".  Full Article

Chesnara posts H1 IFRS pretax profit of 51.6 mln pounds
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - CHESNARA PLC ::H1 ECONOMIC VALUE (ECV) OF £700.4M NOTE 1 (31 DECEMBER 2016: £602.6M)..H1 GROUP CASH GENERATION OF £46.2M NOTE 2 (SIX MONTHS ENDED 30 JUNE 2016: £13.6M).H1 IFRS PROFIT BEFORE TAX OF £51.6M (SIX MONTHS ENDED 30 JUNE 2016: £0.2M).H1 GROUP SOLVENCY RATIO OF 143% (31 DECEMBER 2016: 144% NOTE 3 ).2.9% INCREASE IN INTERIM DIVIDEND COMPARED WITH 2016.INVESTIGATION INTO HOW COUNTRYWIDE ASSURED DISCLOSED EXIT FEES TO CUSTOMERS, INITIALLY ANNOUNCED ON 3 MARCH 2016, IS ONGOING.HAVE PROVIDED FCA WITH ALL INFORMATION REQUESTED.OUTCOME FROM INVESTIGATION SHOULD NOT HAVE A MATERIAL IMPACT ON COMPANY.UK BUSINESS REMAINS A ROBUST SOURCE OF CASH, WITH ADDITIONAL POTENTIAL TO TAKE MANAGEMENT ACTIONS TO ENHANCE CORE CASH IF REQUIRED.REMAIN OPEN MINDED ABOUT NEW TERRITORIES BUT BENEFITS WOULD NEED TO OUTWEIGH INHERENT CHALLENGE OF ADDING ANOTHER REGULATORY ENVIRONMENT INTO OUR BUSINESS MODEL.WHATEVER OUTCOME FROM BREXIT NEGOTIATIONS, WE EXPECT IT TO HAVE LITTLE DIRECT IMPACT ON OUR BUSINESS MODEL.  Full Article

Chesnara Plc posts FY pre-tax profit of 40.7 mln pounds
Friday, 31 Mar 2017 02:00am EDT 

Chesnara Plc : FY total group cash generation of £85.4 mln (31 December 2015: £82.4 mln) . FY IFRS profit before tax of £40.7 mln (31 December 2015: £42.8 mln) . FY IFRS total comprehensive income of £55.4 mln (31 December 2015: £39.6 mln) . FY group solvency ratio of 158% (31 December 2015: 146%) . Recommended final dividend of 12.69p per share (2015: 12.33p per share) . DNB have confirmed their non-objection to legal & general nederland acquisition which is expected to complete in week commencing 3 April 2017 . Announces Legal and General Nederland acquisition and delivers strong value growth . Full positive impact of Legal and General Nederland acquisition will be recognised on completion in 2017 results . Should brexit changes to regulatory requirements, then model suitably flexible for co to potentially adopt an alternative regulatory model .Optimistic that as uncertainty due to solvency II and FCA legacy review reduces, UK acquisition market will become more active.  Full Article

Chesnara appoints Ken Hogg as CEO of Countrywide Assured
Wednesday, 26 Oct 2016 02:00am EDT 

Chesnara Plc :Ken Hogg has been appointed CEO of Countrywide Assured, Chesnara's UK life assurance subsidiary.  Full Article

UPDATE 1-Chesnara's H1 profit halves on Scildon effects

Aug 30 Pension and life insurance administrator Chesnara Plc's profit before tax halved year-on-year in the six months to June, the company reported on Thursday, saying its Scildon business had been hurt by losses on Italian bonds.