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Chesnara

Current Price 394.24p Bid 388.00p Ask 389.00p Change -2.99%
Last Updated: 24/02/2018 15:47. Prices delayed by at least 15 minutes.
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Company Overview

Chesnara plc is the owner of Countrywide Assured plc (CA plc), Movestic Livförsäkringar AB (Movestic) and Chesnara Holdings BV, the intermediate holding company of the Waard Group. CA plc is a UK life assurance subsidiary that is closed to new business. In June 2005 Chesnara acquired a further closed life insurance company - City of Westminster Assurance - for £47.8m. With effect from 30 June 2006, CWA's policies and assets were transferred into CA plc. Save & Prosper Insurance Limited and its subsidiary, Save & Prosper Pensions Limited, were acquired on 20 December 2010 for £63.5 million. With effect from 31 December 2011, the business of Save & Prosper was transferred into CA plc. On 28 November 2013 Chesnara acquired Direct Line Life Insurance Company Limited (subsequently renamed Protection Life Company Limited) from Direct Line Group plc for £39.3m. On 31 December 2014 the PL business transferred into CA plc. CA plc operates an outsourced business model. Movestic, a Swedish life assurance company which originally focused on pensions and savings, was acquired on 23 July 2009 for £20 million. The company is open to new business and seeks to grow its position in the Swedish unit-linked market. Its proposition was strengthened in February 2010 with the acquisition of the operations of Aspis Försäkringar Liv AB which has a risk and health product bias. The Waard Group, a Netherlands-based Group comprising three closed book insurance companies and a servicing company, was acquired on 19 May 2015 for Eur 69.9m. The Waard Group, comprising Waard Leven N.V., Hollands Welvaren Leven N.V., Waard Schade N.V. and Tadas Verzekeringen B.V. was previously owned by DSB Beheer B.V., a Dutch financial services Group. The policy base of the Waard Group is predominantly term life policies, with some unit linked policies and some non-life policies.

Financial Highlights Year Ended 31/12/2016

Turnover
£670.78m
Operating Profit
£43.81m
Dividend Yield
5.06
Dividend Per Share
19.49
Dividend Cover
1.41
P/E Ratio
14.08

Key Personnel

John Vincent Deane
Chief Executive Officer
David Anthony Rimmington
Finance Director
Peter William Mason
Non-Executive Chairman
David Sheldon Brand
Non-Executive Director
Michael Jonathan Evans
Non-Executive Director
Veronica Susan Oak
Non-Executive Director
Jane Dale
Non-Executive Director

Stock Details

EPIC
CSN
ISIN
GB00B00FPT80
Shares in Issue
149,799,721
Market cap
£583.47m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
389.00p
Bid Price
388.00p
Ask Price
389.00p
Volume
30340
Change Today
-12.00p
% Change Today
-2.99%
Open
384.50p
Previous Close
389.00p
Intraday High
399.06p
Intraday Low
381.00p
52 Week High
419.75p
52 Week Low
331.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Chesnara Intra-day Chart

Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Tangible Assets
0.5
0.5
Intangible Assets & Goodwill
111.3
36.1
Investments & Other Non-Current Assets
13.0
105.3
Total Non-Current Assets
124.8
141.9
Inventory
0.0
0.0
Trade & Receivables
44.9
50.2
Cash & Receivables
260.4
260.9
Other Current Assets & Assets Held for Resale
5,665.7
4,914.8
Total Assets
6,095.8
5,367.8

Liabilities (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Short Term Liabilities
0.0
0.0
Long Term Liabilities
0.0
0.0
Other Liabilities / Pension etc
5,702.2
5,072.6
Total Liabilities
5,702.2
5,072.6

Net Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Net Assets
393.6
295.2

Equity (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Share Capital
43.8
42.6
Minority Interests
0.0
0.0
Retained Earnings
188.6
177.0
Share Premium Account
142.1
76.5
Other Equity
19.1
-1.0
Total Equity
393.6
295.2

Cashflow (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Cashflow from Operating Activities
-59.6
1.6
Cashflow Before Financing
-62.1
53.2
Increase / Decrease in Cash
-18.4
18.5

Income (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Turnover
670.8
301.3
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
43.8
46.3
Pre-Tax Profit
40.7
42.8
Profit / Loss for the Year
35.3
39.8

Dividend History

Data has been provided by MoneyAM

Period
Ex-Dividend Date
Payment Date
H1 Dividend
07 Sep 2017
11 Oct 2017
H2 Dividend
13 Apr 2017
24 May 2017
H1 Dividend
08 Sep 2016
14 Oct 2016
H2 Dividend
07 Apr 2016
23 May 2016
H1 Dividend
10 Sep 2015
15 Oct 2015
H2 Dividend
09 Apr 2015
22 May 2015
H1 Dividend
10 Sep 2014
15 Oct 2014
H2 Dividend
09 Apr 2014
22 May 2014
H1 Dividend
11 Sep 2013
14 Oct 2013
H2 Dividend
10 Apr 2013
22 May 2013
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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