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GCL Geiger Counter Limited

-0.20 (-0.40%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Geiger Counter Limited GCL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.20 -0.40% 49.30 15:02:53
Open Price Low Price High Price Close Price Previous Close
49.10 49.10 49.50 49.30 49.50
more quote information »
Industry Sector

Geiger Counter GCL Dividends History

No dividends issued between 15 Jun 2014 and 15 Jun 2024

Top Dividend Posts

Top Posts
Posted at 12/6/2024 13:16 by bpdon
Yeah, the buy backs have been mopping up roughly a quarter of the 30 day average daily volume. Clearly not enough in the face of a sector that just keeps dripping down at the moment.

A lot of charts are looking quite ugly and the 2024 GCL NAV high of circa 80p and share price of 68p feels like an eternity ago now. Performance has at least tracked URNP quite closely over the last month (small consolation).
Posted at 10/6/2024 11:55 by leading
Thanks for the write up Donald.

That's an interesting point about how ETF's might behave in a stress scenario. I suppose they either trade at a discount or will be gated. We shall see (maybe).

My view is that the discount will narrow considerably when uranium has another run. The company should just continue with buybacks at these discounts. There is an annual continuation resolution as an ultimate sanction.

Last time I looked, the company is well represented in North American producers and I think that is the right place to be. The US government, never shy of protectionism, is pushing for US names to get into production as they have a real national security vulnerability here, being the largest consumer with virtually no indigenous production recently.

For myself, I have a roughly even exposure to the miners through GCL and to the metal through YCA. I am happy for GCL to concentrate on exposure to the miners accordingly.
Posted at 10/6/2024 08:19 by kaos3
what percentage outperformance is gcl having over etf...

trustees should be paid for outperformance only - including adm costs

dp - thank you
Posted at 10/6/2024 08:13 by donald pond
Thanks. He was limited in what he could say in that buybacks are a matter for the board, and when I met him they had resolved but not announced the new buybacks.Rob was aware and we spoke about the options but I'm not convinced there is much they can do beyond buybacks and perhaps tinkering with the subscription shares (though we didn't really discuss this). They could do more marketing, but the wealth management sector has limited interest in investment trusts, and when you look at TRR, you see that in the current market there's little reward for marketing effort. I think GCL needs both the sector and one of its holdings to go on a tear tbh.
Posted at 10/6/2024 08:03 by bpdon
Thanks for the post, @donald. It’s a great article that covers a lot of ground and makes many salient points. It's also fantastic that Robert Crayfourd was happy to give you his time which has helped you hold your conviction with GCL.

Your post perfectly articulates the frustration with the discount opening and the opportunity it presents. Although you imply that Mr. Crayfourd agreed with you, did he express any sense of urgency or desire to address it?
Posted at 28/5/2024 12:58 by donald pond
I had a long meeting this morning with Robert Crayfourd, one of the managers of GCL. He was very knowledgeable and I certainly came away feeling positive about my investment here. Given the annoying discount at the moment, it is easy to forget how good the long term NAV performance has been: 250% over 5 years is excellent in anyone's book.
Posted at 16/5/2024 16:05 by 7kiwi
Sumday. It depends upon how much you have to invest and risk appetite.

Single company risk is high, so you are best diversifying. If you are diversifying, it makes sense to buy a fund, rather than incurring all of the research effort and dealing costs of investing in individual stocks. If you are having to ask for stock ideas on a bulletin board, I might suggest individual stock investment is not for you.

So, there basically GCL, URNP and URJP. I believe there's also a UK version of URA too.

If you must go the single stock route, there's Cameco, or yhe large Canadian developers like NXE, DML, FCU or ISO.

There's also Aus listed stocks that mostly have assets in Africa, like Paladin, Deep Yellow, Lotus Resources and Bannerman.
Posted at 08/5/2024 16:11 by 1solon
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
Posted at 12/4/2024 17:01 by kenmitch
Why go for buybacks if believing that uranium shares have a lot further to go? It’s FAR better for GCL to invest in some of those instead of resorting to buybacks. Also a lot of Trusts that spent a lot on buybacks are disappointed that the discount did not narrow as they had hoped, and in some cases widened even further. So there’s a growing debate in the industry about the effectiveness of buybacks.

The GCL discount is wide partly because of the subscription share offer (a no brainer to go for it if eligible) and is very likely to narrow again as the new shares in issue get absorbed.
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.

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