Share Name Share Symbol Market Type Share ISIN Share Description
Geiger Counter 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
  +0.25p +1.41% 18.00p 17.00p 18.50p 18.00p 17.75p 17.75p 19,182.00 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.0 -0.2 -0.3 - 13.61

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Date Time Title Posts
01/12/201622:52Geiger Counter Limited42.00
07/10/201616:30Geiger Counter - Uranium Fund1,538.00
20/12/201208:59Geiger counter84.00
10/1/201108:10Geiger Counter24.00
21/2/200714:34Geiger Counter with Charts & News8.00

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Geiger Counter Daily Update: Geiger Counter is listed in the Nonequity Investment Instruments sector of the London Stock Exchange with ticker GCL. The last closing price for Geiger Counter was 17.75p.
Geiger Counter has a 4 week average price of 17.64p and a 12 week average price of 17.93p.
The 1 year high share price is 20.75p while the 1 year low share price is currently 10.38p.
There are currently 75,584,492 shares in issue and the average daily traded volume is 107,074 shares. The market capitalisation of Geiger Counter is £13,605,208.56.
my retirement fund: The fee is taken from the nav and not the underlying share price that you buy or sell at.
hugepants: Nexgen (biggest holding) up 6% today
kenmitch: NO! It's the only such fund on the market. There's no point holding while it is doing so badly and with little prospect of that changing short term, but it could be a great investment again at some point. Remember... the share price was even lower than now ahead of the last great run up to over 140p.
kenmitch: envirovision. Good to see a post from you again after a long gap. I still hold a few GCL but am waiting for the Managers to say they too are confident again before adding. No the current discount is not a record. It went to nearly 50% in late 2008 and then too the share price was under 20p before rising to over 140p and the subs multi multi bagged. Hoping for a repeat performance in time, but no real sign of it yet.
kenmitch: But why has the share price risen today?
kenmitch: Another bullish article this time on Monday in the Daily Telegraph. No mention of Geiger Counter, though that article and the others like it and the rising uranium price at last, probably explain the share price rise this week. The sub shares are now down to just 0.85p to buy and were available at that price even when the quote was 1.25p to buy. They remain a big gamble - CFP still around 80% - BUT if the shares can get to the mid 60s within a month or so expect the sub share to go higher, and possibly to 2p or even 3p to sell. With an outside chance that the shares could be well above 75p by the end of the year a small punt on the subs could pay off. 80p should give a sub share price of 5p though close to expiry the MMs tend to widen the spread to force sub share holders to exercise to get the value. So holders want the share price there this year really even though the subs last until January 31st. Crazy imo to risk much but even a 50000 punt only costs £450 or so and if uranium really goes on a roll and the GCL share price with it the returns could be spectacular. I hold mostly the shares and any useful rise in the share price will far more than cover a small loss on the sub shares. e.g to state the obvious. Anyone who bought say 20000 subs recently for a bit under £300 would just about have covered the sub share paper loss so far if buying 4000 shares at 50p at the same time. Anyone buying 20000 today only has to pay £170. So if the sub share punt goes wrong so what if by this time next year there is a uranium bull market with GCL at £1. Now what price the subs (25p!) in the very unlikely event of the share price soaring to £1 this year. Hence the attraction of a small punt with money investors can afford to lose. The subs might be very hard to get rid of if the shares don't have a good run.
kenmitch: washbrook. Your figures are right and reinforce the points I made in post 242. But you might have missed a couple of points. First that CFP would come tumbling down if the shares have a strong run. Impossible you and others might think? Then take the example of Kenmare Resources last year. In April the warrants with a Dec 2009 expiry were FAR FAR more expensive than GCLS are now with a CFP of 1922%!!! The shares needless to add were way below the exercise price. Then the share price rose strongly and the warrants multi bagged from way under 1p to 10p or so at one point, and by October the CFP was down to MINUS 10% with the warrants at a discount. There is still a chance that the GCL share price could rise strongly between now and January. It looks a remote chance (as it did with Kenmare) but if the price of uranium starts rising, and/or some of their investments have a good run then if the share price returns to the mid to high 60s, say by October/November then the sub share price could be as high as 5p to sell, and a near triple on the current 1.43p to buy. Obviously if the shares have a great run and can get to 85p by the end of the year then the sub share should be back to around 10p to sell. I agree that is very unlikely now. But all I bought was 20000 subs at 1.43p using a small bit of the profits made on them earlier this year at a grand cost of just £290 or so! It's a very high risk punt. I'll only buy more, and would have to pay significantly more than 1.43p, if there is genuine good news and a fast rising share price that greatly increases the chances of the subs finishing in the money. For anyone thinking of buying the subs there is NO point while the share price is drifting back. I bought my tiny stake when the share price was rising hoping that would continue. So wait for further rises in NAV and or bullish Adviser updates. The only argument for buying now is to get in while the price is around 1.4p ahead of other potential buyers waiting until it is a bit less risky. I did that earlier this year around 2p from memory - all shown on posts on this thread - for that reason. Then the share price did rise strongly and the gamble paid off. This time with expiry date much nearer and no signs really of good news to send the shares up in time, the risks are much higher. EDIT. The shares look a great buy under 50p. An obvious tactic is to buy the shares and if they have a good run then sell some and use just the profits from that sale to buy the subs if the share price run looks like continuing or even accelerating, like it did ahead of the uranium bubble two or three years ago.
kenmitch: A bit of a change in tone in the Adviser Comment this month. Last month they ended with the very bullish "we think the long term outlook has never been better." This month is is "Both NAV and the share price edged up during the month a trend we HOPE (my caps) will continue." And then they ended this month with "a potential GRADUAL (my caps) increase (in the spot uranium price MAY take place during the rest of this year." I was hoping/expecting that the price of uranium and the GCL share price and NAV would be rising strongly later this year. Why the sudden change to modestly bullish, after months of being supremely confident? Might be worth contacting them to find out - or am I reading too much into the use of a few words? NAV down a bit this week, but it was never likely to go up week after week.... as long as the trend stays up. Guess we could be in for a few more weeks with the share price not doing much (but it is still at a discount around 10% and has been at a premium in the past) then to be followed by strong NAV and share price gains later this year IF the final comment from last month still applies.
kenmitch: Bought my trading stake back at 57p a couple of days ago, risking that buy ahead of the latest Adviser Comment, which unsurprisingly was positive. The share price at 57p was down over 20% from the 74p peak despite little change in NAV. In fact over 3 months NAV was up 6% and the shares down 16%. Very often with Geiger Counter it pays to sell when the shares go to a premium to NAV and buy them back when they get to a discount over 10%. Trouble is I can't bring myself to sell the lot so just sell the trading stake at the highs. And the profits from the trading stake sells I've put in to the sub shares the last couple of times, and they have gone down. This time though I bought the shares as the shares are too far way from the 75p exercise price. The latest comment again hints at a strong rise in the price of U in time, and maybe later this year. That should give some of their investments and the Geiger Counter share price a good lift. Where does that leave the sub shares? At 6p to buy the sub shares are overvalued and well shy of the 75p exercise price with expiry next January. I'm less confident than I was of the shares rising to £1 or more before next January and there is a significant risk of the sub shares expiring worthless with the share price at 75p or less. So best to watch the sub shares from the sidelines for now. They could become a very exciting investment if the share price starts to take off, even if by waiting investors have to pay more than the current 6p. Target £1 for the share for a 25p sub share price, and dream of a £1.25p share price by January for a 50p sub share price. But will the share price get there by next January? Hope so. I'm slightly worried that the share price will take off just after sub share expiry date. Any other views on when NAV and the price of Uranium might start to rise fast?
kenmitch: I agree with the explantion/figures in washbrook's post. The sub shares are now fair rather than good value. But for a share like GCL where the share price could go up a lot further I like to try and second guess what the sub share price will be for any given share price, say over the next 6 months. It is always a guess as these ordinary warrants and sub shares are like shares in that they trade according to supply and demand and MM pricing. On the downside, if the shares drop back to the low 60s then it might well be possible to buy the sub shares as low as 5 or 6p again. And if the shares drop even lower then lower still - but that would suggest we are all being too bullish on GCL!! Now for the (more likely I hope!) upside. With the share around 80p the sub share will probably be around 15p to buy. At 90p sub share a bit over 20p to buy. At £1 the sub share will probably be in the high 20s. i.e Once the sub shares are well "in the money" then the extra we pay for time value will decrease. And once the share price is over £1 it could well be that there is nothing extra to pay for time value even if we are some way away from the sub share expiry date. i.e for a share price of 120p maybe a warrant buying price of 45 to 47p and a selling price of 45p or a bit lower. Sometimes the MMs do lower the selling price significantly below the right price (45p with the shares at 120p) and then the only way to get the full value of the sub shares is to exercise them at 75p and then sell the shares at 125p or whatever. Finally close to expiry the sub shares will be unsellable if the share price is 75p or lower. There will also probably be little or nothing extra to pay for time value on the buying price..... ... so in the unlikely event that the share price is around 75p close to expiry date and the sub shares can be picked up for 2 or 3p then the upside for a good bounce just ahead of expiry could be massive. But that's way ahead - and anyway I'm hoping for a share price well above £1 by expiry date. The sub shares can of course be bought and sold at any time up to final expiry date. Hope that helps any new to warrants and sub shares. Also if looking for other good value warrants and sub shares keep an eye on Black Rock New Energy - shares 44p and sub share 7p. Exercise price is 46p to July 2010, and then 50p to July 2012 and then 59p to July 2014. Shares doing nothing at present so there is no rush, but well worth buying once the shares start to move up. I hold having bought too soon. BRNE/BRNS Another well worth a look is Raven Russia warrants. Expiry date is March 2019 so very very long dated. Exercise price is 25p. Share currently at 43p and warrant 19.5p so amazingly cheap for such a long dated warrant.A chance that the shares themselves could multi bag in time and though gearing on the warrants is just 2 times that would still give significantly greater upside. I hold this one too. btw - gearing gives a guide to the pace of likely warrant outperformance compared with the share. It is easy to work out - just divide the share price by the warrant price. Gearing works both ways with highly geared warrants also falling fast.
Geiger Counter share price data is direct from the London Stock Exchange
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