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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Geiger Counter Limited | LSE:GCL | London | Ordinary Share | GB00B15FW330 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.10 | 54.20 | 56.00 | 55.50 | 55.10 | 55.10 | 393,494 | 15:56:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 25.15M | 23.06M | 0.1761 | 3.13 | 72.14M |
Date | Subject | Author | Discuss |
---|---|---|---|
10/5/2024 09:43 | gf, That's what kept me in. But they seem to be committed to the status quo. I think the only way the gap closes is if they put themselves up for sale and someone like Sprott buys them and rolls them into their ETFs. So, now I am out. Well almost, I still have the shares allocated from my scaled back rights. Or rather I don't yet, and I don't have the left over cash back either. Dealings were supposed to commence today. | 7kiwi | |
10/5/2024 08:48 | Wish I could convince myself that the gap between NAV per share and share price will never close as that would get me to sell this POS today. But the uranium market is at the point of exploding again imo and that’s why I can see that gap closing. | greedfear | |
10/5/2024 08:44 | They’re not interested in their shareholders. They’re only interested in increasing NAV just to increase their fees. | greedfear | |
10/5/2024 08:41 | They are TERRIBLE fund managers. Like 7kiwi said they could have allocated the rump to the investors taking up their sub rights. That would have been beneficial to them while making no difference for others. But they “choose” to give the benefit of being able to buy below NAV to a professional party by means of a secondary placing. They just gave away something like roughly 1-2 million of our money to ? Just like that. Can’t wait to get out of this POS. | greedfear | |
09/5/2024 19:15 | I note they've not issued a NAV RNS today. Maybe their abacus is broken. | 7kiwi | |
09/5/2024 19:14 | BH, I think the £6.8m refers to the total funds raised through the subs rights, not just the sale of the rump. The rump raised £2.2m. They would have had more credibility with shareholders if they had allocated the rump to them, instead of scaling back. It would have been cheaper too. It wouldn't have been unfair on the shareholder who didn't take up their rights either. | 7kiwi | |
09/5/2024 17:45 | The sale (giveaway) of the rump is a disgrace, although it was predicted. Fortunately I took up the subs but if I hadn’t I would be so outraged I would contact the FCA. | jaf111 | |
09/5/2024 14:59 | Why nothing to distribute to shareholders? What costs? Would you mind to explain? I didn't take up all of my rights but I understood the remaining ones would be sold at market price. Many thanks | dickiehhh | |
09/5/2024 12:25 | It seems to me they've sold the "rump" for under 38p per share, approaching 50% discount to NAV. After costs, there will be nothing to distribute to the original rights owners. It makes no sense for shareholders. | swanvesta | |
09/5/2024 08:34 | I'm not 100% certain in this case but usually the manager makes investment decisions and the administrator calculates the NAV. Stops the madoff risk | donald pond | |
09/5/2024 07:29 | You wonder how they can manage your money and invest properly if they cannot even work out correctly a NAV. | riskvsreward | |
09/5/2024 00:43 | Today's FD NAV announcement of 75.84p looks suspect as well. Current Full NAV = £0.7752 * 138.38m shares = £107.28m If they issue Euro8m worth of shares, at GBPEUR exchange rate of 1.16, that's £6.88m, or 9.23m shares at £0.7458. So new NAV = (£107.28 + £6.88m) / (138.38 + 9.23) = £0.7734. The implication of this being that at this NAV, we can only subscribe for about 1 share for every 15 held without being scaled back. | 7kiwi | |
08/5/2024 21:21 | I think that correction is nonsense though. How can the fully diluted NAV at 72.89p be below the issue price of the new subscription rights issue price of 74.58p? | 7kiwi | |
08/5/2024 16:57 | Correction made to yesterday’s NAV announcement…. | jaf111 | |
08/5/2024 16:11 | I've been in here since Nov 2019 currently + 77 % and bought URNP in June 2022 ~ + 48% . The outperformance of URNP has been significant. I held on to GCL for the subscription but should have sold & bought more URNPI think a mixture of the management fees & subscription offer has hampered GCL in relation to URNP plus Sprott liquidity & as such I sold 80% of my holding today & will plough into URNP.I will hold on to my remaining GCL + subscription shares in hope the buy back helps reduce the discount | 1solon | |
08/5/2024 13:07 | I have to agree with pretty much every comment on here recently. The subscription offer is quite ridiculous in the current climate. Rather than wasting time and energy trying to swell the value of the trust via issuance (and not doing a particular good job of it), the managers should be fully focussed on resolving the depressing under performance (relative to URNP) and the perpetual drift in the discount – this must now be circa -27%. In a bull market this is bordering on unforgivable. I still have about 50% of my uranium exposure in GCL. Possibly foolishly, I keep holding in hope of a momentum squeeze and discount narrowing to add some torque. My resolve is being tested. | bpdon | |
08/5/2024 13:04 | Unless they also scale back the untaken subs, otherwise the untaken subs will be valued more than those taken. | riskvsreward | |
08/5/2024 10:38 | They would be better to have used the un-taken rights to reduce the cut-backs to those who wanted to exercise. Anyone holding un-taken rights will get very little (IME). | steve73 | |
08/5/2024 10:01 | I think that's right Steve. I have had to amend my calc based on the max raise of Euro8m. Trouble is it fluctuates a bit with the exchange rate. But I am there +/- 0.02p, which is close enough. SO now, they're going to sell the subscription rights that weren't taken up, which will likely suppress the share price After all, there wasn't a market for those rights. Then later, they will buyback the shares because they're trading at such a discount to NAV. It makes no sense to me. As I was taking up my rights, I sold out of my holding and reinvested in URNP/URJP because I can't get my head round how they are behaving. Yet to make a decision on what I do with the shares I got through exercising my rights. Probably best to wait a little while and see how things settle down. | 7kiwi | |
08/5/2024 08:33 | I'm assuming yesterday's NAV calcs are based on NEXT YEARS Rights price of 74.58p... The difference between dilutes vs undiluted look about right on that basis. | steve73 | |
07/5/2024 17:56 | NAV now out (5.30pm) but almost certainly wrong…..NAV 77.82 / Fully diluted NAV 77.60!!! I would think (hope) the latter is correct…… | jaf111 | |
07/5/2024 16:53 | And no NAV notification today either. | 7kiwi | |
07/5/2024 15:13 | That is total rubbish. If they have a limit of €8m, they should not have issued sub shares @ 1 for 5 in the first place. Also if they issue subs with reference price in British currency then why setting limit in €? | riskvsreward |
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