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GCL Geiger Counter Limited

50.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Geiger Counter Limited GCL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 50.00 16:04:05
Open Price Low Price High Price Close Price Previous Close
50.00 49.50 50.00 50.00 50.00
more quote information »
Industry Sector
NONEQUITY INVESTMENT INSTRUMENTS

Geiger Counter GCL Dividends History

No dividends issued between 29 Mar 2014 and 29 Mar 2024

Top Dividend Posts

Top Posts
Posted at 27/3/2024 19:27 by donald pond
Yes. If it was wound down we would all get a 40% uplift. In an era of ETFs I fear GCL has served its purpose.
Posted at 27/3/2024 13:54 by greedfear
This year I will be voting against continuation of the company. Shareholders are better off if GCL will be liquidated. Then we can put our money in better performing funds. The subscription rights have value, alas no choice but to give GCL more money to underperform.
Posted at 27/3/2024 12:51 by bpdon
GCL languishing again and continuing to under perform YCA (-8% YTD), URNM (-14% YTD), U.UN (-14% YTD). The 1 year comparisons are all > -30%.

Frustrating to see the discount widening so far too - discount to diluted NAV must be over 22% now. Given the gearing advantage in GCL, you would hope for better in a bull scenario. All at a time when shareholders will be preparing to decide how much to invest in the subscription shares.

Does anyone have any views on how helpful a main LSE listing (see recent RNS) would be to liquidity and discount narrowing?
Posted at 20/3/2024 22:24 by papillon
Could be WW.
I only hold one share and that's GPM. It should do well tomorrow bearing in mind the strength of Gold & especially Silver tonight following the FOMC meeting statements.
I wish I had some BTC as that's really responded to that FOMC news.
I still follow GCL and have held it in the past.
Posted at 14/3/2024 21:30 by papillon
free stock charts from uk.advfn.com


I take it this GCL chart (taken from advfn) has turned Strongly Bearish recently because of the fall in the U price.
Posted at 09/2/2024 09:57 by bountyhunter
There seems to be more volatility with the GCL chart than say YCA where the chart has not broken down (as I type) if that's any consolation! Also if GCL recovers to around 60p by the close today you can still see an uptrend on the longer term chart here.
Posted at 02/2/2024 16:18 by 7kiwi
Yes, NAV up strongly as North American stocks take a breather. But odd to see GCL down on such a strong NAV performance.

NAV. . .83.46

FD NAV 75.84

Edit: Good to see it closed slightly up.
Posted at 12/1/2024 11:01 by bpdon
That is true QuePassa and not impossible we will see a repeat outcome again in 2024. However, another mitigating factor in 2022 was the launch of the Sprott Uranium Miners ETF, which first traded at the start of May 2022 (bang on the GCL rights exercise). I suspect a lot of money moved from GCL to URNP which subsequently reinstated the GCL discount that has persisted since.

I remain as frustrated as anyone about the disconnect between the spot price and the uranium equities, which GCL is a proxy for. The spot price has doubled in about 6 months yet GCL is only up about 50% over that time frame. I would have expected a more speculative frenzy of liquidity pouring in and chasing the gearing the miners could/should have in this climate.
Posted at 24/11/2023 13:44 by 7kiwi
Edwards,

Yes, GCL can trade at a premium. Indeed, it traded at a consistent premium for a good while up to about May 2022.

However, with URNP now available, I think it's unlikely to trade at a significant premium any more. But GCL is heavily geared towards the near term producers and the big developers and less so to the sequesters like YCA and SPUT and big producers like Cameco and KAP . I suspect that we are rapidly approaching the time where GCL's portfolio outperforms, especially with the gearing.

With a bit of luck, the discount will close up. But don't hold your breath - NAV up today, but the share price has ticked down.
Posted at 26/9/2023 12:54 by bpdon
I welcome the lack of traffic on the Uranium boards Kiwi. I see the same on Reddit - the noise is miles lower than it was 2 years ago. It is indicative of low(er) sentiment that could turn and add fuel to the moves higher.

Four frustrations with GCL: 1) poor liquidity, 2) wide spread, 3) no discount control mechanism, 4) high costs.

Throughout 2020/2021 GCL was mostly at a light premium in-line with the frenzied positive sentiment at that time. Since the URNP ETF appeared in the UK and sector sentiment cooled, the GCL discount has moved to, and been stuck at, a material discount much like it was pre 2016.

URNP does effectively offer open ended competition to GCL and solves the 4 frustrations above. I suspect that has played a small part in the widening discount. How much is anyone's guess.

For what its worth, I hold both.

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