CSN Chesnara PLC

Q&A on Chesnara plc (CSN): Growth and stability insights

Hardman & Co Research
Q&A on Chesnara plc (CSN): Growth and stability insights

09-May-2024 / 14:04 GMT/BST
The issuer is solely responsible for the content of this announcement.


Analyst interview | Financials

Q&A on Chesnara plc (CSN) | Growth and stability insights 

Chesnara (LON:CSN) is the topic of conversation when Hardman & Co analyst Brian Moretta joins DirectorsTalk Interviews.

Brian delves into Chesnara plc’s 2023 financial results. He shares his analysis on the factors driving Chesnara’s recovery from a previous year’s loss, the impact of global economic shifts on operations, and the company’s prudent approach to dividends and acquisitions. This discussion also provides insights into Chesnara’s operational improvements and future prospects, offering a deeper understanding of the company's financial health and strategic direction.

Chesnara plc is an established Life and Pensions Consolidator in the UK and Europe.

 

Listen to the interview .

 

If you are interested in meeting the company, you can register your interest .
 

To contact us:

Hardman & Co
9 Bonhill Street

London

EC2A 4DJ

Follow us on Twitter @HardmanandCo

Analyst:

Brian Moretta



 

 



 

Hardman & Co Research can still be accessed for free after MiFID II. Please to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.

 



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1899841  09-May-2024 

fncls.ssp?fn=show_t_gif&application_id=1899841&application_name=news&site_id=research_pool
EN
09/05/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Chesnara PLC

Brian Moretta
  • Brian Moretta

Chesnara plc: Showing good operational progress

Chesnara announced its 1H’25 results. The main features were a better-than-expected operational performance, weaker economic returns and increased central costs but improved cash generation. An Economic Value loss of £11m was behind recent figures (1H’24: profit of £20m). Alongside the dividend payment, this loss reduced the Economic Value, which declined from £531m to £517m in the first half. Cash generation of £37m was a 28% increase over the 1H’24 figure of £29m. The interim dividend, as expe...

Brian Moretta
  • Brian Moretta

Chesnara plc (CSN): Landing the big one

After a longer wait than planned, Chesnara has announced a large acquisition, HSBC Life (UK). At a cost of £260m, it is over 70% of Chesnara’s pre-announcement market capitalisation and will be funded by a mixture of equity, existing cash resources (primarily from the earlier Tier 2 bond issue) and drawing down from a newly increased revolving credit facility. The rights issue should complete by 23 July 2025, with deal completion in early 2026. There is a one-off additional uplift to the dividen...

Brian Moretta ... (+3)
  • Brian Moretta
  • Jason Streets
  • Mark Thomas

Hardman & Co Monthly: May 2025

Feature article: Attractive asset managers - Radical derating presumes things only get worse The UK asset management sector has been significantly derated over the past couple of years. It has faced the dual problem of a shift towards passives and to private assets and away from traditional listed equities and bonds. However, the sector’s assets haven’t collapsed; its margins have proved relatively robust and its profits fairly stable, even against all the rising costs. The clear implication, ...

Brian Moretta
  • Brian Moretta

Chesnara plc (CSN): Showing good operational progress

Chesnara announced its 2024 results, which showed positive progress compared with 2023. The main features were positive market returns, offset by some mixed operational experience. Economic Value profit of £69.1m represented a 17% increase on the £59.1m in 2023. Economic Value increased to £531m, up slightly on £525m 12 months earlier, with a negative forex impact as well as dividend payment. Cash generation was excellent, with base cash increasing to £51.6m and commercial cash to £59.6m. The di...

 PRESS RELEASE

Hardman & Co research on Chesnara plc (CSN): Showing good operational ...

Hardman & Co Research Hardman & Co research on Chesnara plc (CSN): Showing good operational progress 07-Apr-2025 / 14:20 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on Chesnara plc (CSN): Showing good operational progress   Chesnara announced its 2024 results, which showed positive progress compared with 2023. The main features were positive market returns, offset by some mixed operational experience. Economic Value profit of £69.1m represented a 17% increase on the £59.1m in 2023. Economic Value increased to £531m, up ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch