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Share Name Share Symbol Market Type Share ISIN Share Description
Geiger Counter Limited 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
  0.50 2.78% 18.50 18.00 19.00 18.50 18.00 18.00 94,047 11:41:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.1 -0.2 -0.3 - 17

Geiger Counter Share Discussion Threads

Showing 2576 to 2599 of 3000 messages
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DateSubjectAuthorDiscuss
31/1/2019
15:47
Absolutely. Much cheaper and more effective to buy direct. But the real rub is their appalling stock picking skills. They sell Cameco which goes + 50% They buy Berkeley which goes down - 50% They just don't know what they are doing except raping the fund for fees and expenses. All my other U3o8 investments have increased between 20 - 60% last year except GCL. Even newcomer Yellowcake has trounced GCL's bottom-drawer performance in just six months. ALL IMO. DYOR. QP
quepassa
31/1/2019
15:30
With the premium and the significant fees, they get to keep quite a bit. With their top 5 or so holdings >50% of portfolio, it's quite tempting skip the premium/fees and buy direct. I had a quick go at trying to quantify the difference. My assumptions were: Amount £100,00010yr Ret 500% (Ret/Yr=17.46%)Geiger Prem 12.65% (???)Fees 1.38%Perf Fee 1.89% (20% of amount over 8%)XRate fee 1.00% I then came up with the following: Geiger DirectYr 0 £87,350 £99,000Yr 1 £99,745 £116,287Yr 2 £113,898 £136,593Yr 3 £130,059 £160,445Yr 4 £148,514 £188,462Yr 5 £169,588 £221,371Yr 6 £193,651 £260,026Yr 7 £221,129 £305,432Yr 8 £252,507 £358,766Yr 9 £288,336 £421,413Yr 10 £329,250 £495,000 Yr0 include Xrate fees for buying shares direct, and for Geiger Counter subtracts the premium. Geigers smaller holdings would probably outperform, so maybe their return would be better or maybe they stay on a premium after 10 years (so my initial amount wrong). All very approximate, but gives an idea - In this example the direct shares investment amount is 50% more! -0x3F
0x3f
31/1/2019
13:06
I agree dogberry. share price performance across the sector has been poor over the past year. I'm relaxed, and confident the returns will come. I'm back to breakeven here, but I won't be topping up. I'm happy with my current holding, and waiting patiently. I still like the simplicity of this vehicle, giving me exposure across the sector, without needing too much research. If they outperform the market, then i'm ok with letting them keep 8% of the outperformance.
bmcb5
31/1/2019
11:11
The time for U is coming but it may be at least a few weeks or so, yet. I like the holdings in GCL. Only a few quality U companies survive and the Fund holds these. NXE (NEXGEN) is a premier quality holding. URA is no longer purely a U fund. The Fund went into defensive mode with Cameco over the long term tax case that the court found in Cameco's favour, only for the CRA to appeal. There are golden crosses in CCJ, URG and UUU. If it takes place, Denison is a few weeks away from a golden cross. FCUUF is at the bottom of its channel with little or no meaningful downside left there. The Open Contracts for March is the largest for the entire year. So March is important and April seems also signficant. The PM sector is slowly beginning to break out and U is a few weeks or a month or so behind. Patience is needed here. BTW I added under the price today at 19.35p. All the U companies are bargains right now and do not reflect the price action in U.
dogberry202000
31/1/2019
08:56
An abysmal performance gieger counter. How much are we payin u? (rising tone of astonishment)
escapetohome
30/1/2019
15:25
Kenny, the NAV hasn't gone up primarily because of the fund's underperforming uranium investments. The fund managers are meant to be able to spot good uranium investments not a bunch of underperforming investments. They sold their holdings in Cameco 12 or 18 months ago. Timing on that disposal could not have been worse. A monkey throwing a dart could do better than Geiger in my opinion. ALL IMO. DYOR. QP
quepassa
30/1/2019
14:38
Kenny, I assume you're aware of the peculiar situation of the Uranium market (ie. the price of metal and its relation to contracted supply)? If so, there is a huge wall of money waiting to enter the market, either towards spot metal or miners which could (according to the bulls) propel the better miners to multiples of their current prices. Whilst the bull case has been weakened because the breakout is late (sort of) or won't happen (possible) the current share price premium here is well-explained by the fundamentals. My own problem with GCL is what you're aware of - the opportunistic share issues at a premium and their charges. There are other and better ways to play the uranium market. (I hold YCA and KAP. But that's not a recommendation.)
jonwig
30/1/2019
13:45
bmcb5 - I agree. However, it places a cap on the share price upside equal to the various issue prices.
kenny
30/1/2019
12:42
Issuing shares at a premium to NAV is not dilutive to us though. With additional investment, the overall fund size increases at a slightly larger % than the number of shares. So actually it is a marginal benefit to us aiui
bmcb5
30/1/2019
11:24
It has not gone anywhere because a) overall NAV has not gone up in the last year, and b) the share price is trading above NAV, and c) the company has used the fact the share price trades above NAV to issue more shares, on more than one occasion.
kenny
30/1/2019
09:28
How can it be that Cameco is UP 50% over 12 months and that Geiger is FLAT over the same time-frame?? This is the most dire and terrible performance for a uranium fund in my view if it can't even come near to tracking the performance of the biggest quoted uranium producing company . Just what are these fund managers doing? Are they asleep at the wheel or just totally inept? I see no excuse for such dismal performance against a strong year for uranium prices. Geiger is BY FAR bottom of the pile of any of my uranium investments. Any and all views welcome. ALL IMO. DYOR. QP
quepassa
20/1/2019
19:27
Plenty of uranium commentators & companies presenting at VRIC. Looking forward to seeing some of the coverage any maybe some interest in the equities this week. Fundamentals seem to be stacking up
andyforster1
12/1/2019
13:54
This is good page but it's not a chart. Prices for futures contracts including the number of contracts over 15 months are updated every day. hTTps://www.barchart.com/futures/quotes/UX*0/all-futures Happy New Year everyone. Lets see (and hope) GCL makes new yearly highs by April.
dogberry202000
12/1/2019
11:22
thanks brugen, I've added the link to the header, but I can't embed the chart since it's copyright protected.
steve73
12/1/2019
09:53
Steve, Here's the price indicator I use hxxps://www.cameco.com/invest/markets/uranium-price
brugen
12/1/2019
06:31
OK - thanks.. perhaps the share price of Yellowcake (YCA) would be a reasonable reflection of the current spot price or near-future..?
steve73
12/1/2019
06:17
Steve - as far as I know there's no list kept of these contracts, they just tend to leak out from time to time. I could be wrong.
jonwig
12/1/2019
02:43
Does anyone have a link to the Uranium price contracts... preferably in a chart that I can put in the header to replace the "ino" ones that are no longer active...? TIA.
steve73
11/1/2019
16:41
@ andy - YCA sat at a premium for some time - when they rose from 200 to 250-ish. The discount right now is (I think) a product of over-enthusiasm following the YCA IPO and Comeco's closing-down ... and of course a lot of hedge funds talking their books. (See the YCA thread for some videos.) I think their KAP contract enables them to buy at a discount whatever the spot price. The KAP share price itself is holding pretty steady thanks to its low cost base.
jonwig
11/1/2019
16:33
Interesting, as I see YCA will always have a slight discount to NAV so how will they fund the purchase options???
andyforster1
11/1/2019
16:27
@ andy - YCA would need to raise cash to buy stocks. YCA can't raise equity so long as its share price is below its nav.
jonwig
06/12/2018
22:15
I’ve also got GP subs but only the free ones. It’s not worth bothering about now that there are hardly any left but warrants and subscription shares are the same in all but name. In the past sub shares have sometimes only had one exercise price including the last Geiger Counter subs. And in the past there were warrants with stepped exercise prices and some could be exercised at any time. Indeed (e.g 3i infrastructure warrants) a few provided brilliant arbitrage opportunities when they traded at big discounts and could be exercised at any time.! Those were the days and it’s such a shame there are hardly any left. EDIT. Forgot to add that many warrants were not exercisable at any time but onLy once or twice a year.
kenmitch
05/12/2018
02:08
They are not the same.... Warrants are exercisable at a fixed price ANYTIME upto a cut-off date. Subscription Shares usually have just a few predetermined windows for exercising, and the price may be different in each window (as GCS, i.e. 5%, 10%, & 20% above "strike price", only on the annual anniversary of their issue). I hold a few warrants in PMO (but see little point in exercising them until I want to sell), although they are not tradable. Also some the of GPS SS's where the GPM share is at just 45% of the recent SS exercise price, yet the SS still trades at a 1.5/5 price... Not worth selling at that price, and definitely not worth buying any more.. LOL
steve73
04/12/2018
19:43
Yes, that’s the negative for Ground Rents Income, but the share fell heavily when this broke, so could be mostly priced in. And based on Company comment they are not that exposed even if Government takes a hard line. Also 2022 expiry date gives time for Company to adapt. But agree GRIO is riskier now than before this news broke. As for FASS the big concern is whether current share price proves to be the peak, and big Wall Street fall this evening on recession and other fears is happening just as the share price had reached the point where any further gain would feed through fast to FASS price.
kenmitch
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