||SUB SHS (1 SUB SHR FOR 2 ORDS)
||EPS - Basic
||Market Cap (m)
Real-Time news about Geiger Countsub (London Stock Exchange): 0 recent articles
|kenmitch: I hadn't realised there was this GCLS thread until alerted on the GCL bb.
I haven't checked for GCLS but sometimes if warrants or sub shares are left by investors to lapse, a trustee is appointed to exercise them for you and you get sent the proceeds.
If a trustee is not appointed then the subs become worthless.
So if checking with GCL about this it is important to get it in writing or to ask where it is already recorded - like the relevant RNS.
BUT even if a trustee is appointed I never use their service as it can go wrong.
e.g Quorum warrants finished well in the money and a trustee was appointed to exercise lapsed warrants, but for some vague reason they failed to do it and those relying on this "service" ended up losing 100%.
Also not that long ago when Finsbury Pharma warrants had a trustee in place they somehow managed to get them exercised at a 5% lower share price than other trades on that day.
So it really is best to sell in advance or go through the exercise process via your broker. If selling in advance don't leave it right up to expiry date as if the MMs don't want the hassle then they will offer a lousy price for them.
Hope that helps.|
|stevie16: will the sub shares be like traditional warrants at expirey date?if not sold or if not converted into ord shares are the subs effectively sold by the company and the proceeds minus selling costs are passed onto the owner of the subs? this is assuming that the ord share price remains above the 75p conversion price(which it should).|
|andrbea: last post on gcl thread a must-read
Though by far the best of the sub share upside has now been had, anyone confident that the share price will be 85p or more by, say, mid December could still buy a few as 85p/86p should see the sub share price double again.|
|andrbea: if gcl hits 85p, we may see 10p on gcls
but there are risks:
kenmitch - 21 Oct'10 - 14:15 - 302 of 302
Your information on how some of the shares are doing overnight is really useful for holders of the sub shares, so I hope you'll continue with such posts including on down days, though I hope there won't be many of those.
The latest Adviser Comment bodes well both for the shares and subs and that last sentence is almost a hint that the subs should have further to go and will end up in the money. Hope it is well in the money.
Good to see NAV up again this week and the shares though rising now are still at a discount of around 10% and the shares have traded at a premium in the past, so the discount could start to narrow further over the next few weeks.
It might not be long before the odd newpspaper tipster wakes up to Geiger Counter again as they tend to do that after quite a bit of the rise has been had. Even so it looks as though next year the shares might test previous peaks, or even exceed them. Shorter term it would be great to see the shares at 85p by this time next month. That should give a sub share selling price of at least 10p. The subs remain risky simply because they are so short dated and if the shares fall back they might not have time to recover again. Though by far the best of the sub share upside has now been had, anyone confident that the share price will be 85p or more by, say, mid December could still buy a few as 85p/86p should see the sub share price double again.|
|andrbea: taken from gcl thread:
kenmitch - 4 Oct'10 - 13:47 - 261 of 262
Disappointing to see the Kalahari Minerals share price drifting lower and so countering some of the gains elsewhere in their portfolio. Hope NAV at least holds up and then bounces again soon.
Warrants now have far more chance of going up a lot, but still probably just odds against that the share price gains will come in time for them - deadline January 31st but ideally we want the warrants well in the money (say 80p for a 5p warrant price) by the end of this year.
They were only 0.8p to buy last week with buys at that price shown as sells. No point chasing the price now unless/until both NAV and share price rise further.|
|washbrook: The warrants are exercisable in January2010 .
I bet someone will do that,which is rather foolish.
I have seen that happen it on numurous occasions in the past.
Maybe the sub punt for exercising in January 2011 is a fair punt.
A capital fulrum of
on a sub price of 9p
Share price of 65.5p
Exercise price of 75p
Geiger Countsub share price data is direct from the London Stock Exchange