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GCL Geiger Counter Limited

53.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 53.50 414,964 16:24:06
Bid Price Offer Price High Price Low Price Open Price
53.40 53.60 53.80 53.50 53.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 25.15M 23.06M 0.1761 3.04 70.04M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:18 O 100,000 53.23 GBX

Geiger Counter (GCL) Latest News (2)

Geiger Counter News

Date Time Source Headline
23/4/202415:30UK RNSGeiger Counter Ltd Net Asset Value(s)
23/4/202413:45UK RNSGeiger Counter Ltd Share Buyback
22/4/202415:35UK RNSGeiger Counter Ltd Net Asset Value(s)
22/4/202413:30UK RNSGeiger Counter Ltd Share Buyback
19/4/202414:35UK RNSGeiger Counter Ltd Net Asset Value(s)
18/4/202413:35UK RNSGeiger Counter Ltd Net Asset Value(s)
17/4/202412:20UK RNSGeiger Counter Ltd Net Asset Value(s)
16/4/202417:20UK RNSGeiger Counter Ltd Net Asset Value(s)
15/4/202412:50UK RNSGeiger Counter Ltd Net Asset Value(s)
12/4/202413:35UK RNSGeiger Counter Ltd Net Asset Value(s)

Geiger Counter (GCL) Discussions and Chat

Geiger Counter Forums and Chat

Date Time Title Posts
23/4/202417:09Geiger Counter Limited2,966
07/10/201617:30Geiger Counter - Uranium Fund1,538
20/12/201208:59Geiger counter84
10/1/201108:10Geiger Counter24
21/2/200714:34Geiger Counter with Charts & News8

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Geiger Counter (GCL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-23 16:38:1953.23100,00053,230.00O
2024-04-23 15:23:2253.16131,69170,000.35O
2024-04-23 15:20:5053.551,844987.47O
2024-04-23 15:19:5453.552,1481,150.27O
2024-04-23 15:18:4853.553,1561,690.06O

Geiger Counter (GCL) Top Chat Posts

Top Posts
Posted at 23/4/2024 16:32 by greedfear
The share price isn’t relevant for next years subscription rights, subscription price will be based on NAV 1st may 2024.
Posted at 05/4/2024 13:53 by greedfear
The solution. Sell assets buy back shares as long as share price < NAV per share.
Problem being management fees are related to NAV. Hardly an incentive for management to decrease NAV.
They probably don’t care as long as they’re taking 3.1% annually.
That’s a lot for very little.
Posted at 04/4/2024 15:55 by greedfear
Like bpdon says the money has to be reinvested. What to do? Buy new NXE, CCJ a.o. at the full price at the market or buy them indirectly with a 30% discount by means of share buy backs?
Anyway, they must deal with the huge gap between NAV and share price. This looks very bad both for management as this investment vehicle.
Posted at 04/4/2024 14:37 by bpdon
The undiluted NAV was just below 80p around mid January with the share price mid 60s at the same time (peaked about 68p). Undiluted NAV now over 80p and the share price is back to 55p. That performance delta is pretty big and widening. Hopefully it leads to some upside torque soon.
Posted at 15/1/2024 13:16 by jaf111
Not one to complain BUT latest NAV up 6p from previous day whilst share price up only 3p!!!!

This is not the first time by any means so despite increased share price the discount to NAV also rising
🤔🤔&#129300;
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 12/1/2024 10:13 by quepassa
One can recall the astonishing and massive run-up in the share price in 2022 prior to the exercise date that year for subscription rights/shares which were at that time significantly in the money.

A situation very similar to this year, 2024.

Look at the steep share price graph for Jan to May 2022 - when not only the share price went ballistic but also the Discount-to-Nav flattened to zero or went to a premium.

History has a habit of repeating itself. It would not wholly surprise if we saw a similar phenomenon this year as the April/May exercise date approaches.

The current stock price appears to me to be fettered but the fetters are likely to come off soon.

ALL IMO. DYOR.
QP
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 21/11/2023 11:55 by quepassa
I am NOT forgetting that.

you are however quite wrong.

the subscription price is based on the SHARE PRICE and not the NAV

the INTRINSIC VALUE of a right or warrant or option is common pricing jargon which is relevant to share prices - not to nav's.
Posted at 15/3/2023 19:31 by papillon
free stock charts from uk.advfn.com


Well the GCL share price is oversold according to the 14 day RSI. However shares can stay oversold for sometime.
Geiger Counter share price data is direct from the London Stock Exchange

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