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
  +0.375p +1.44% 26.50p 26.25p 26.75p 26.50p 26.125p 26.125p 549,535 15:41:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.1 -0.2 -0.3 - 20.03

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Date Time Title Posts
13/12/201713:13Geiger Counter Limited636
07/10/201616:30Geiger 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 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 26.13p.
Geiger Counter has a 4 week average price of 18.63p and a 12 week average price of 17.38p.
The 1 year high share price is 33.38p while the 1 year low share price is currently 17.38p.
There are currently 75,584,492 shares in issue and the average daily traded volume is 533,872 shares. The market capitalisation of Geiger Counter is £20,029,890.38.
kenmitch: Yes, flying start for uranium shares today with Nexgen up 12%. Cameco is up 16%! Hope this continues, to allow NAV to catch up with share price EXCEPT that the higher the NAV on Dec 13th the higher the exercise prices. The lower the exercise prices the better, and ditto for Golden Prospect. e.g at current NAV, exercise prices will be around 25-26p for 2018 expiry, 26-28p for 2019 and 29-30p for 2020. Target modest 50p share price in time (if only modest uranium rally)and sub would be worth 20p for 2020 exercise price. If it starts around 3p then 6 or 7 bagger. But if NAV soars this week then much higher exercise prices would reduce that gain for a 50p share price a lot.
kenmitch: Que Passa The current extraordinary premium to NAV might or might not be because of the free sub share issue. BUT then how do you explain away the fact that the same is not happening with Golden Prospect new issue subscription shares? GPM NAV is 37p and share is 32p so unlike GPM currently at a significant discount to NAV?. As explained in the previous post a new warrant issue doesn't usually have much effect on the share price but perhaps GCL is an exception as it is thinly traded. IF current NAV premium is because of new sub shares then yes, a good chance that GCL will revert to NAV or a discount. Tempting to sell if that is going to happen, miss out on the free subs, and then buy the subs once they start trading, if at a fair price. BUT risk of another little run for uranium shares before ex date, and missing out on that if selling now, so not an easy decision. 3p is too high a starting price. 1.25p would give a CFP of around 10% so that's about right, but market makers often price new issues incorrectly so GCL could well start overvalued, and even as high as 3p. Don't know how you got the idea that I was comparing UEMS with GCLS. I was simply pointing out what good value UEMS were and trading at a discount. BUT warrants and sub shares have often traded at discounts for months and even sometimes years on end, again because of lack of knowledge on how to price them correctly. And UEMS has been at a sometimes very large discount for ages. UEM and UEMS are both up today. My guess fwiw is that both GCL and GPM will start higher than 1.25p. Coincidentally a bit over 1p is also fair value/CFP10% for GPMS.
kenmitch: It’s very unlikely that recent share price rise is the market pricing in the likely starting price of the subscription shares. Subscription shares and warrants are rarely issued now but used to be commonplace for Investment Trusts. Announcement of a new warrant issue rarely saw the share price move up for an existing Trust. Also the mechanics of how to price subscription shares (eg CFP) is often little understood by market professionals let alone amateurs. Indeed because they are so little understood glaring pricing mistakes are common for the very few left. E.g currently UEMS (Utilico Emerging Markets sub shares) are at far too low a price and have been for months. Exercise price is 183p ( but final expiry date very close at end of Feb) and UEM is 217p to sell. So UEMS is worth 34p but can be bought for 30p. So not only is there nothing extra to pay for the remaining time value, but UEMS is at a 4p discount. So if confident UEM share price can rise, and currently it is at bottom of recent trading range, then UEMS is a strong buy. And there is a trustee to exercise lapsed sub shares for those who don’t want to or can’t afford to exercise. e.g If UEM can rise 10% to 240p then UEMS worth 57p compared with 30p buy price today. Back to GCL sub shares;there is a negative effect on NAV but only if/when the sub shares are exercised. But the big plus is that the Trust gets £millions of new money to invest when all the subs are exercised. And I’ve checked with the Trust and though no provision for a trustee to exercise lapsed sub shares is in the listing document there will be one if the subs finish in the money. And yes; if the shares do well the sub shares will do far better. The last GCL sub shares could be bought for less than 1p just before the last big uranium rally and the sub price went up 60 fold in a few months while the share only doubled. So great fun could be had with both GCL and GPM.
dogberry202000: QP I agree. Possibly the biggest drivers of the GCL share price at the moment are the subscription shares and the prospects of a price recovery, gradual or otherwise, in Uranium. I have no answer to this but I've sometimes wondered whether closed end funds like GCL, particularly at key turning points in their markets, just passively react to price changes in their holdings or anticipate them. Recently, with the announcement of the subscription shares it seems to have been the latter. Could GCL be a leading indicator? There must be a decent sized investor base here always doing their research and/or in possession of key information. I suppose, time will tell. Still, the range of holdings are attractive, compared with say URA which is heavily weighted with the leader of the sector, Cameco Corp, and you get a good mix of companies with decent prospects that could rise by over 100 fold in a bull market.
kenmitch: Brugen. Yes you are missing something. IF the share does well the sub shares will do FAR better. E.g the last GCL sub shares went up 60 Times at one point. Over the same period the share price went up about 8 times. Also shareholders are getting them for free. They can always buy more if/whenever they are good value. And if the sub shares finish in the money the Trust gets £millions of new money to invest. Yes, there are negatives too, including negative effect on NAV but in the past warrant after warrant and sub share after sub share went up miles faster than the share. They are now a rarity, partly because since the change in how financial advisers are paid Investment Trusts have wanted to keep things as simple as possible because they want to attract more investors. So I’ very pleased with the sub share news and hope Golden Prospect will follow suit.
steve73: Update RNS on the Subscription Shares...
mad foetus: Jimbo,I think most sensible posters agree. We are in it to take money and when the share price in any investment trust jumps 20% on the back of a newspaper tip without any movement in NAV most investors would use the opportunity to cash in. The only concern I have about cashing out is losing rights to any subscription shares: they could be worth having, and I think, at some point in the next few months, GCL should exceed today's prices. But I am confident it will move back to a discount: these things always do.
jimbo55: I agree with the reasons for selling on this spike put forward by mad foetus and My Retirement Fund, whilst agreeing with the fundamental reason put forward by Shavian and Quepassa for being invested in this sector. All I'm saying is at this point in time, given the tip-driven spike in the share price, it would be more sensible to buy the miners themselves listed in North America. Companies such as CCO, UEC and NXE, rather than GCL itself. GCL is a buy for me once it's trading at a discount to NAV again. The current situation will not last the summer. Finally, I have a similar chart to papillon and agree the downtrend has broken. However, it would be sensible to focus on charts such as URA - the Uranium sector ETF - as a leading indicator to gauge the strength of the break of the downtrend, rather than GCL.
jimbo55: Been curious to understand what has been driving the GCL share price in the UK over the last week since the underlying predominantly US and Canadian-listed stocks have barely moved (nor has the US-listed URA ETF). Jumped on here to check the postings and can see it's likely that Questor article. It doesn't take much coming into these companies or this trust to move these share prices, and given how brainless the buying is (given the lack of movement in the underlying stocks), I'd already reasoned it had to be PI-based as no institution or hedge fund would be this stupid when buying this. For anybody who owns this and has the capability to purchase North American stocks, there's an arbitrage opportunity approaching over the next week or two to switch into these companies from GCL. For anybody who can't do this, this is a spike to sell into. I have little doubt there will be a chance to pick these up more cheaply in August. Obviously, if GCL is tipped further by the likes of Moneyweek or the Investors Chronicle over the next week or two, this could change. However, if I don't see the underlying stocks moving it's a speculative rather than a fundamental move, and therefore won't last.
papillon: Don't believe posters, believe the share price! Unfortunately the GCL share price has been in a downtrend since the high of circa 33p earlier this year. Lower highs and lower lows! I can't predict the future share price (unfortunately!!), but a retest of the low of circa 11p early in 2016 seems possible. bwtfdik?
Geiger Counter share price data is direct from the London Stock Exchange
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