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
  +0.00p +0.00% 21.70p 21.50p 21.90p - - - 0 05:30:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.0 -0.2 -0.3 - 17.67

Geiger Counter Share Discussion Threads

Showing 2501 to 2522 of 2525 messages
Chat Pages: 101  100  99  98  97  96  95  94  93  92  91  90  Older
DateSubjectAuthorDiscuss
05/8/2018
20:13
I would only follow GCL's top investments as their management charges are so high (1.38%), plus they take an over performance fee of 8%. I would however offer an alternative view and look at URA contrary to greedfear's comments. The reason being is that URA is still the only Global Uranium ETF its charges are 0.69% a fraction of GCL plus they pay a very good dividend in December. I agree with greedfear that they have sold down and exited a couple of junior miners and this has led to a number of investors picking up these shares in a fire sale and others where they have reduced holdings....as an example Energy Fuels (UUUU)...following URA completing the rebalance last week resulted IMO in Energy Fuels going up 15%. Going forward I believe the fund managers of URA have been very astute...they now have 37 holdings rather than 22 previously and this has spread the risk but according to experts online the fund is now attracting significantly more institutional investors. Institutions normally buy low and sell high. Ironically as AUM increases URA will be buying back the very stocks they have sold and then it becomes a perpetual circle, potentially good news all round! IMO what will drive URA higher will be investor inertia and now the rebalancing has been completed and URA is approximately 20% below where it was when the spot price was last at this level there could be in IMO a very good upside. Where ever you invest if we are truly seeing the beginning of an extended bull run following the expert fund managers should pay off well. GLA
makeamillion1
05/8/2018
17:23
@ greedfear - doesn't YCA count at all? Sole asset is 8.1 million pounds of U3O8 bought at US$21.01 per pound. IPO price 200p, initial NAV 180-185p, current NAV based on spot price 212-217p. As a non-investor in mining/exploration, it looks relatively simple to understand. Mgt and store charges are pretty low (I forget the figure) with no performance charge. Thanks for pointing out the structure of the URA ETF.
jonwig
05/8/2018
16:57
Well if you think about them that way you surely sould sell and move along. In their defense, a lot of their top holdings have been hit hard because of the unexpected rebalancing of the URA ETF. Frankly spoken I feel the investment managers of the URA ETF could not have done a worse job. Deciding at the bottom of the uranium market not to be a pure play any longer and saying goodbye to illiquid uranium plays. A terrible decision that hurt the share price of a lot of uranium shares. I believe GCL holds great assets and it’s mainly because of URA’s unexpected move that GCL’s holdings did not do as well as others have done. Now URA’s rebalancing is over and done with I believe GCL’s holdings will do better than the uranium pool of stocks. For people not willing or able to do their own research I believe there’s no better place to be, there simply is no other pure play uranium investment fund.
greedfear
05/8/2018
11:09
I am all for fund managers getting high fees for outperformance. BUT LET'S SEE SOME THEN!! If I compare the recent performance of Geiger to any of my many other direct uranium investments, Geiger is bottom of the pile by a long way. The performance of the Geiger fund is uninspiring, unacceptable,unimaginative, and woeful in my opinion. TO PUT IT INTO PERSPECTIVE, GEIGER IS AT BEST FLAT ON THE YEAR SINCE 1st. JANUARY. AND DOWN SOME 10% SINCE THEIR SUBSEQUENT MID-JANUARY PEAK of 24.5p HOW CAN THAT BE???????? THE SECTOR BELLWETHER AND BEST KNOWN URANIUM STOCK, CAMECO, IS UP SOME 30% OVER THE SAME PERIOD SINCE 1st JANUARY. IF THEY CAN'T EVEN KEEP PACE WITH THE PERFORMANCE OF THE MAJOR STOCK IN THE SECTOR, IT'S REALLY TELLING YOU SOMETHING ABOUT HOW POOR THEIR PERFORMANCE REALLY IS. JUST WHAT ARE WE PAYING THEM MANAGEMENT FEES FOR ,WHEN THEY CAN'T EVEN MATCH THE PERFORMANCE OF CAMECO, LET ALONE SOME OF THE OTHER MORE STELLAR SECTOR STOCKS? TO PUT IT MILDLY, I DON'T THINK THEY ARE UP TO SNUFF. Unless they start pulling the organ stops out pretty damn quick, I am seriously considering cashing in all my Geiger chips and reinvesting into other uranium investments which I have more faith in. ALL IMO. DYOR. QP
quepassa
05/8/2018
09:01
I’m not worried about the slightly larger yearly fee compared to URA. URA isn’t a pure uranium play any longer. URA is mainly focused on the biggest players. If uranium takes off most money will be made holding smaller caps (as GCL does). URA doesn’t use loans to increase exposure. GCL does (30% of investments). Because of that GCL has a ca. 1.4 leverage. Anyone having faith in a uranium bull market should like the higher leverage. Despite a somewhat higher fee I think GCL is the better option.
greedfear
05/8/2018
08:51
“The Investment Manager is entitled to a performance fee at the rate of 20% of outperformance above an 8% per annum hurdle with high watermark provisions.” Some people seem to be a little concerned about the 20% outperformance fee. Well, they shouldn’t. In fact they should hope that the fund would have to pay out such a fee. Because of the high watermark provision an outperformance fee would only be due when the share price exceeds 97p (sp per 30-9-2007, first time an outperformance fee was due). Probably the share price would even have to exceed 126p because of the 8% performance hurdle (50p x 1.08^12). In short, I really, really hope an outperformance fee would have to be paid as the share price would have to be 5-6 times the current share price for that to happen.
greedfear
04/8/2018
03:17
Thanks QP. As far as I can make out EF is one of our top 10 holdings, around 3-4% of the fund value. U308 seems to be increasing nicely, touching $26/lb, and many of our holdings up nicely.
steve73
03/8/2018
23:44
Energy Fuels have gone ballistic with a share price move of +15% today on the back of great Q2 results. "500,000 pounds of U3O8 deliveries were completed by the Company for the three months ended June 30, 2018 at an average realized price of $53.55 per pound. On April 1, 2018, the Company delivered 400,000 lbs. of U3O8 into long-term sales contracts at the price of $61.30 per pound, resulting in the receipt of over $24.5 million on May 1, 2018. In addition, on June 15, 2018 the Company delivered 100,000 lbs. of U3O8 into a spot contract at $22.57 per pound. Uranium production for our own account totaled 128,000 pounds of U3O8 during the quarter, plus another 91,000 pounds of U3O8 for the accounts of others." They have also joined a Trade Petition asking the US government to put quotas on imports of U3o8 from certain countries on grounds of National Security. Interesting times ahead. ALL IMO. DYOR. QP
quepassa
28/7/2018
17:24
Excellent insight into U markets. Best if you can watch the video on the site. However I can't seem to post that I suspect there is a coiled spring developing here. http://www.kitco.com/news/video/show/Noosa-Mining-Investor-Conference/2034/2018-07-19/The-Uranium-Price-is-Not-Real--CEOThe Uranium Price is Not Real – CEOKitco News - Jul 19, 2018"[Uranium prices] are not the real reflection of the sales going on around the world. Most uranium is sold between the producer and the utility in a private contract, and that's never reported," Young told Kitco News on the sidelines of the Noosa Mining ...The Uranium Price is Not Real – CEOKitco News - Jul 19, 2018"[Uranium prices] are not the real reflection of the sales going on around the world. Most uranium is sold between the producer and the utility in a private contract, and that's never reported," Young told Kitco News on the sidelines of the Noosa Mining ...
tonsil
27/7/2018
14:41
Yellow Cake [YCA] thread: https://uk.advfn.com/cmn/fbb/thread.php3?id=42910399 Pure physical uranium asset.
jonwig
27/7/2018
10:14
Nice chart action in the US/CA stocks too. And Australia. I know we've been at a premium to NAV for some time, but the delayed response from GCL is surely a fantastic buying opportunity? I'm so overweight here, it's ridiculous. But I'm so tempted. Aargh!
bmcb5
27/7/2018
06:22
U308 rose $1.50 yesterday by over 6%. Https://www.barchart.com/futures/quotes/UX*0/all-futures
dogberry202000
26/7/2018
19:21
Uranium co's are STORMING forward on the TSX this evening As at 19.20hrs: Cameco + 4.2% Denison + 10% Energy Fuels +8.2% Wow! Look at those massive gains QP
quepassa
26/7/2018
12:10
Thought I'd share some small research below ... hTTps://www.investegate.co.uk/Index.aspx?searchtype=1&words=uranium Gives an idea which companies are into uranium ... DYOR, etc.
peterbill
25/7/2018
23:56
Significant news from Cameco tonight that should move the market over the next few weeks.
dogberry202000
21/7/2018
11:39
Thanks tonsil... just to make the link clickable, although you've C&P'd the entire text. htTps://www.trustnet.com/news/824813/the-scarce-metal-few-people-are-talking-about
steve73
21/7/2018
09:47
article by the GCL managers in FE Trustnet hxxps://www.trustnet.com/news/824813/the-scarce-metal-few-people-are-talking-about?utm_source=Trustnet%20Newsletters&;utm_campaign=45bd457b6e-EMAIL_CAMPAIGN_2018_07_18_04_15_COPY_01&utm_medium=email&utm_term=0_2314bd04ee-45bd457b6e-75468653 The uranium market looks poised to recover strongly after a 10-year bear market, following production cuts by the world’s largest producers. Uranium has lagged other commodities into this cyclical recovery but that looks likely to change. The demand growth side of the equation is the easiest to understand with a clear build-out of new reactors led by China. China is focused on reducing emissions and improving air quality, so remains motivated to add power generation with zero emissions. Globally, there are currently 50 reactors in construction and 447 that are currently operating. These new reactors are typically larger than the existing fleet and also require three years' worth of material on their initial loading. The extended prior weakness in the Uranium market can be attributed to two main factors. The Fukishima reactor accident in 2011 saw the uranium price fall 67 per cent to $20/lb, or 85 per cent from the 2007 peak, after Japanese reactors were shut in, removing 12 per cent of global demand. Secondly, since 2004 Kazakhstan undertook huge expansion in production from 8Mlbs [millipounds] to 60Mlbs per annum, and now produces 31 per cent of global supply. This situation is now reversing with Japan having restarted nine reactors, with plans to restart more of the facilities from over 40 that could return to operation. Meanwhile Kazakhstan is showing supply constraint, cutting production 10 per cent since the beginning of 2017 and having announced plans to reduce production by an incremental 7 per cent in 2018. This is motivated by Kazatomprom’s intended IPO later this year, with similarities to the intended IPO of Saudi Arabia’s Aramco, as they look for an improved commodity price. Kazatomprom’s influence over primary uranium supply is comparable to the whole of OPEC in the oil market. Futhermore, the world’s largest listed producer, Cameco, mothballed their MacArthur river mine in Canada, which reduced global supply by 8 per cent. Additional cuts by Rio Tinto and Paladin have also tightened the market. The best solution to over supply is low prices and this has certainly proved to be the case. With the uranium spot price at $23/lb there is no motivation to bring any mothballed or new projects on line. Cameco have indicated they need long-term contracts around $40/lb before they would consider restarting MacArthur River, which is one of the highest grade projects in the world. The market is now firmly in deficit, with no sign of new supply on the horizon unless we see a meaningful improvement in uranium prices. In July this year the launch of the UK-listed Yellowcake physical uranium ETF further tightened the market, effectively locking up over 8Mlbs, or 5 per cent of global demand, that would have otherwise been available for the spot market. Uranium is only a tiny proportion, around 3 per cent, of the overall power generation cost for utilities. Consequently, there is very low price sensitivity to end demand once a reactor has been constructed. It is also important to differentiate between the growth in renewable relative to nuclear power. Nuclear reactors provide a steady base load source of power, which is different from the variability of solar and wind power. We are already seeing some power grids struggle to cope with this rise in variability. The Chinese are also able to construct reactors far more efficiently than in the west, in part due to the cookie cutter process they have applied in building larger, standardised designs but also through cheaper financing availability for these high capital expenditure projects. This is in contrast to the likes of the UK’s Hinkley Point which is significantly more expensive. The uranium sector offers investors a deep value sector uncorrelated to the wider market, which has seen a significant fundamental improvement that looks likely to drive material improvement in the commodity price and respective producer equity valuations going forward. Rob Crayfourd and Keith Watson are co-portfolio managers of Geiger Counter. The views expressed above are their own and should not be taken as investment advice.
tonsil
18/7/2018
10:24
True. Spot on. These guys are expensive fund managers and I do not necessarily believe that they are worth the high fees they charge, nor merit them through the lacklustre performance of the fund. As an example,selling a good part of their Cameco holdings recently which have since rocketed look to me like a bad, ill-informed, ill-judged and ill-timed decision and not having their finger on the market pulse. I know a genuine story about a bona fide shareholder in GCL who left several calls with several members of the top management in their London office over several days just to ask some general questions and no-one at GCL even had the courtesy to return the calls. For the massive fees they charge, you would expect a far more professional approach to shareholders, shareholder communications. And their flimsy monthly updates and lacklustre performance leave a LOT to be desired. I hope their Chairman and Board take these points on board because the running of GCL is not just expensive but in my opinion leaves room for improvement on many fronts. I continue to hold GCL for the uranium sector which I strongly believe in but if there were a different fund manager in this sector in GBP, I would jump ship. ALL IMO. DYOR. QP
quepassa
18/7/2018
09:47
Should see a nice move through the day and tomorrow. Investors should beware of the charges as they are significantly higher than etf URA they charge 0.69% and pay a massive December dividend.... however GCL is focused on top Uranium mine plays but ooch the fees when these take off are very very very high especially any outperformance, IMO I expect a major rally in USA Uranium mines. I see analysts report that US mines will require a spot price going from currently $23 to $60-$70, the last time this happened some of the stocks held by GCL were 6-10x higher, compare to June 2007 and to a lesser extent Feb 2011 : From GCL Fact Sheet: Management Contract & Fees: The Investment Manager receives an annual fee equal to 1.375% of Net Asset value after adding back any accrued performance fees and bank borrowings. payable monthly in arrears based on the mid-market value of the assets at the month end. The Investment Manager is entitled to a performance fee at the rate of 20% of outperformance above an 8% per annum hurdle with high watermark provisions. The Management Agreement may be terminated by either party giving to the other not less than 12 months' notice. Good luck all I am heavily invested in Uranium and IMO we could hit a year high today in the spot price and a significant breakout could occur when the BPA spot price exceeds $26.12
makeamillion1
18/7/2018
07:04
Important news
quepassa
18/7/2018
00:02
Some major surges, especially in US based uranium companies after hours tonight on news of a US probe on the security of uranium supplies. URG up around 26% at one point now just 16%. There should be some volatility tomorrow.
dogberry202000
12/7/2018
14:02
Also reduces the dilutive effect of the sub shares and increases the value of the sub shares when in the money
mustbefunny
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