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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% | 53.50 | 16:28:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 53.50 | 53.40 | 53.50 | 53.50 | 53.50 |
| Industry Sector |
|---|
| NONEQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 09/4/2024 09:22 by quepassa Let's hope that their new ultimate owner, behemoth ManuLife Investment Management (C$ 845billion Assets under Management) take an active interest in the fee structure and , especially, in promoting Geiger amongst its enormous investor base.all imo. dyor. qp |
Posted at 04/2/2024 05:25 by steve73 This video just popped up in my Y-T suggestions... might be of interest to investors here..?Is nuclear power really that slow and expensive (to build) as they say? Lot of what she says can be generally argued with, but overall I feel it's a worthwhile education. |
Posted at 14/12/2023 07:42 by greedfear Manipulated. Getting sick and tired of all the manipulation happening everywhere. You can bet your #ss that if a relatively lot of private investors have holdings there’ll be manipulation. I’ve got a lot of holdings in different sectors where any positive news gets punished with a lower share price. Every time. Mind boggling. |
Posted at 23/11/2023 15:52 by 888icb Yes it can trade at a premium to NAV. Most Investment Trusts trade at a discount to NAV but some trade at a premium. There aren’t many ways to get Uranium exposure so if a lot of investors start chasing GCL they could push it into premium territory. |
Posted at 21/11/2023 13:55 by bountyhunter Oh really, even new investors? Is that the cut off date - 1-2 May 24? TIA |
Posted at 28/9/2023 09:16 by highly geared Some interesting snippets from the YCA RNS's in which they've just raised £103milllion (!) overnight to purchase 1.5million lbs of U308! Placing done in under 24 hours , oversubscribed and within a few pence of the current share price...Yellow Cake plc (AIM: YCA) ("Yellow Cake" or the "Company"), a specialist company operating in the uranium sector founded by Bacchus Capital Advisers ("Bacchus"), today announces its intention to conduct a non-pre-emptive placing of new ordinary shares in the Company ("Ordinary Shares") to raise gross proceeds of up to approximately US$ 125 million (equivalent to approximately GBP 103 million) at the Placing Price (as defined below) (the "Placing"). - fund the purchase of approximately 1.5 million pounds ("lbs") of physical uranium ("U(3) O(8) "), fully utilising the Company's purchase option for the calendar year 2023 under the Company's agreement with JSC National Atomic Company Kazatomprom ("Kazatomprom") (the "Kazatomprom Framework Agreement") at a price of US$ 65.50 /lb - - The Company believes that the current level of the uranium price offers a compelling buying opportunity: -- The uranium spot price has strengthened significantly in 2023, rising to US$70.50/lb. The spot price trend through to the end of the year is expected to continue to be influenced by global economic conditions, as well as increasing investor confidence in the emerging role of nuclear power as a clean energy source, including new construction, reactor lifetime extensions and expectations on small modular reactors. -- Term contracting volumes in 2023 are expected to exceed those seen in 2022, as nuclear utilities strive to secure future fuel needs. The market is also seeing a diversification of sources to reduce future dependence on nuclear fuel supplies from Russia as energy security becomes a global theme. Three- and five-year contracts for uranium currently stand at US$65.00/lb and US$70.25/lb respectively. There are currently 436 operable reactors globally, and 170 new reactors either under construction or planned. In addition, multiple nations are extending the lives of their nuclear reactor fleet, including the U.S., in a bid to ensure energy security. In both instances, these strategies are increasing the projected demand for U(3) O(8.) Increased uranium term prices can be anticipated as term contract demand rises. Andre Liebenberg, Chief Executive Office of Yellow Cake, commented: "We continue to have confidence in the long-term outlook for uranium and believe now is the right time to take up our 2023 option with Kazatomprom in full. This option, which we negotiated ahead of our IPO in 2018, allows us to purchase up to US$100 million of uranium every year until 2027. By raising capital now, we will materially increase our current uranium holdings in line with our strategy. The supply demand fundamentals influencing the uranium price have strengthened even further, with rising production costs and utilities re-stocking representing additional drivers to the investment case." |
Posted at 26/9/2023 13:50 by kenmitch They don’t need to buyback and a lot more Investment Trusts are dropping Buybacks because instead of narrowing as discounts are supposed to do with buybacks, the discounts got wider still!Just focus on the fact that GCL is a bargain buy at the current price and even more so as the discount is wide. The share price will look after itself if the uranium price keeps going up and if the shares in their portfolio continue to perform. It’s a great buy opportunity now as long as there’s no new shock like Putin causing a major nuclear catastrophe. It’s that concern that might be putting investors off GCL at present. |
Posted at 01/9/2023 13:26 by 7kiwi GCL mentioned in this FT article.If you don't have a subscription, google: "Retail investors pile into Uranium". There's a few mistakes in the article, but good to see some coverage in the FT. |
Posted at 21/7/2023 17:45 by 7kiwi New investor pres. Good NAV performance, but poor share price performance. I wonder if/when they are going to do something about that by buying back shares again?Name............(% of Gross Assets) Nexgen Energy......22.4 Cameco.............1 UR-Energy..........1 Paladin Energy......8.2 Uranium Energy......6.0 Top 5 Holdings Represent 61.1% |
Posted at 29/3/2023 15:48 by quepassa I think Geiger should consider selling their entire holding of NexGen (top holding at 19.5%) and invest the full proceeds into Mega Uranium Ltd (TSX:MGA) who have a particularly eye-catching investment portfolio of uranium securities and warrants.Ignoring all their other investments, Mega Uranium's investment in NexGen alone is valued at approx C$101 million. However, the current market cap of Mega Uranium is just C$66.5 million. Talk about big discounts-to-NAV !! And if you factor in Mega's other investments, it is pushing a discount to NAV of 40-50%. In may ways, Mega appears to me to be in essence very similar to Geiger as an investor in uranium securities- albeit with an oversize weighting in NexGen. ALL IMO. DYOR. QP |
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