CSN Chesnara PLC

Hardman & Co Research on Chesnara Plc (CSN): Robust cash generation in challenging markets

Hardman & Co Research
Hardman & Co Research on Chesnara Plc (CSN): Robust cash generation in challenging markets

12-Sep-2022 / 07:15 GMT/BST

Hardman & Co Research on Chesnara Plc (CSN):

Robust cash generation in challenging markets

 

Chesnara has announced its 2022 half-year results. With weak equity markets and rising interest rates and credit spreads, the risk asset exposure weighed on results. Economic Value profit came in at a loss of £89.6m, compared with a profit of £38.5m in 1H’21. The balance sheet Economic Value also reduced from 416p at the year-end to 351p at 30 June 2022. Group cash generation, the movement in its surplus, was much more robust. Base generation for the group was £21.9m, more than the figure for 2021 as a whole. As expected, the interim dividend was increased by 3% to 8.12p per share.

 

Please click on the link below for the full report:

If you are interested in meeting the company, you can register your interest by clicking on the above link

To contact us:

Hardman & Co
1 Frederick’s Place

London

EC2R 8AE

Follow us on Twitter @HardmanandCo

Contact:

Brian Moretta



+44(0)203 693 7075

 



 

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

1439765  12-Sep-2022 

fncls.ssp?fn=show_t_gif&application_id=1439765&application_name=news&site_id=research_pool
EN
12/09/2022

Underlying

CSNChesnara PLC

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

Reports on Chesnara PLC

Brian Moretta ... (+2)
  • Brian Moretta
  • Mark Thomas
ARBB Arbuthnot Banki...
RECI Real Estate Cre... ... (+7)

Hardman & Co Monthly: October 2025

Feature article: Building tomorrow’s AI: How the UK will become the global architect of Trustworthy Intelligence In this month’s feature article, Professor Andy Pardoe, Professor of AI and Chair of the Deep Tech Innovation Centre at the University of Warwick, gives his perspective on the artificial intelligence (AI) industry and how it is advancing at an unprecedented pace, outstripping anything witnessed in previous decades. For researchers, industry leaders and investors, understanding the la...

ARBB ARBUTHNOT BANKING GROUP
RECI REAL ESTATE CREDIT INVESTMENTS
ACSO ACCESSO TECHNOLOGY GROUP
VTAS VOLTA FINANCE (GBP)
CSN CHESNARA PLC
ICGT ICG ENTERPRISE TRUST
A0MXLB NB PRIVATE EQUITY PARTNERS
10/01/25 October 1, 2025 1 EN
Brian Moretta
  • Brian Moretta
CSN CHESNARA PLC

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...

09/08/25 September 8, 2025 1 EN
Brian Moretta
  • Brian Moretta
CSN CHESNARA PLC

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...

07/08/25 July 8, 2025 1 EN
Brian Moretta ... (+3)
  • Brian Moretta
  • Jason Streets
  • Mark Thomas
ARBB Arbuthnot Banki...
RECI Real Estate Cre... ... (+9)

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, ...

ARBB ARBUTHNOT BANKING GROUP
RECI REAL ESTATE CREDIT INVESTMENTS
ACSO ACCESSO TECHNOLOGY GROUP
VTAS VOLTA FINANCE (GBP)
CSN CHESNARA PLC
HAT H&T GROUP
APAX APAX GLOBAL ALPHA
ICGT ICG ENTERPRISE TRUST
A0MXLB NB PRIVATE EQUITY PARTNERS
05/02/25 May 2, 2025 1 EN
Brian Moretta
  • Brian Moretta
CSN CHESNARA PLC

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...

04/07/25 April 7, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch