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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Geiger Counter Limited | GCL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 53.00 | 14:23:45 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 53.00 | 53.00 | 53.50 | 53.00 | 53.00 |
| Industry Sector |
|---|
| NONEQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 17/4/2024 19:34 by bigtbigt My broker (IG) failed to inform me of the subs offer last year, so I missed out. My claim for compensation was rejected! So this year I have been chasing them every day for 2.5 weeks, and only today did they provide the option on their platform for GCL holders to subscribe. |
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 12/4/2024 16:29 by arbus5000 there's no point in demanding a wind up on short term underperformance of GCL, it will improve when interest returns. its a useful vehicle to have with an exposure that is quite niche!they should use the proceeds of the subs to fund buybacks if the discount persists. |
Posted at 08/4/2024 21:11 by donald pond I wrote a much longer piece where I mention GCL but I think it is an issue for the whole sector. Do read and comment https://open.substac |
Posted at 06/4/2024 09:34 by donald pond I wrote to the chairman yesterday with my views and would urge others to do the same. My view, and this applies to many trusts, is that ETFs are now providing options that didn't previously exist and as a result if GCL is to prosper it needs fees to be cut and the discount to be much reduced. Whether that leaves a viable entity is a different question but I increasingly think wide discounts reflect a reluctance to pay high fees |
Posted at 27/3/2024 19:27 by donald pond Yes. If it was wound down we would all get a 40% uplift. In an era of ETFs I fear GCL has served its purpose. |
Posted at 27/3/2024 13:54 by greedfear This year I will be voting against continuation of the company. Shareholders are better off if GCL will be liquidated. Then we can put our money in better performing funds. The subscription rights have value, alas no choice but to give GCL more money to underperform. |
Posted at 27/3/2024 12:51 by bpdon GCL languishing again and continuing to under perform YCA (-8% YTD), URNM (-14% YTD), U.UN (-14% YTD). The 1 year comparisons are all > -30%.Frustrating to see the discount widening so far too - discount to diluted NAV must be over 22% now. Given the gearing advantage in GCL, you would hope for better in a bull scenario. All at a time when shareholders will be preparing to decide how much to invest in the subscription shares. Does anyone have any views on how helpful a main LSE listing (see recent RNS) would be to liquidity and discount narrowing? |
Posted at 09/2/2024 09:57 by bountyhunter There seems to be more volatility with the GCL chart than say YCA where the chart has not broken down (as I type) if that's any consolation! Also if GCL recovers to around 60p by the close today you can still see an uptrend on the longer term chart here. |
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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