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
  -0.25 -1.67% 14.75 14.30 15.20 15.00 14.75 15.00 146,900 14:48:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.0 -0.4 -0.5 - 12

Geiger Counter Share Discussion Threads

Showing 2651 to 2675 of 2875 messages
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
DateSubjectAuthorDiscuss
04/2/2019
13:45
I like your overview, Andy. Let's hope something like this pans out this year.
dogberry202000
04/2/2019
13:34
For those worried about a NAV premium. You can buy today at a 3% premium when the average is closer to 12%
andyforster1
04/2/2019
13:31
Thanks dogberry. I'm quite active on Twitter so know a lot of the handles you mention. I've a good relationship with John Quakes, a must follower in the sector as he's not scared to talk the bear case. I concur with your thoughts on the exhaustion of some uranium buyers. When will it happen?? Will it ever happen ?? I can make money faster somewhere else etc. I mentioned on a previous post that I see March as a building month up to the recommendation for 232 and then the result in June/July. The wild move for the whole sector I can see in August/September as the utilities start their spending spree and compete to buy pounds. The white elephant is Cameco buying spot and more purchases from the physical funds. That could trigger moves in the short term. I'm a buyer on these pullbacks, what 10-20% when all you need is patience for 100% + returns. Never invest money you need in the short term and then the risk is only down to how long you can wait and be patient.
andyforster1
04/2/2019
12:59
Andy, some of the best discussion on Uranium is, as you will likely know, on Twitter. I like: John Quakes, fbx258, Uranium Insider, Sir Uranium, Mike Alkin (@footnotesFirst), Gravedigger, Graddhy for his charts, Grant Beasley and there's many more. Plunger over on Goldtent and The Chartology Forum produces very interesting content on this sector. I've invested in the uranium sector since late 2016. The run up between late 2016 and early 2017 seems reminiscent of the PM sector rise from early 2016 and both sectors have endured a lengthy pull back/consolidation that has put their investors under such strain that they've become fractious. Only the most patient are still calm and adding to positions when they see the pull backs getting overdone. I hold a decent sized position here and in several of the top companies as well. But no NXE as my broker doesn't trade it. But the Fund has it as their top holding, so I am happy with that. I think we are still several weeks and maybe months away from real movement here. The number of options for March suggest something big will happen in this sector soon.
dogberry202000
04/2/2019
12:45
Shakes head in disbelief.Nexgen - 29%Ur-Energy-10%Fission - 26%Energy fuels - 28%Denison - 20%Shall I go on ??See completely unaware of what?s happening in the uranium market except for the ?BELLWEATHER? Cameco.
andyforster1
04/2/2019
12:42
23.5p in November Less than three months later 19.5p. In less than three months, this share price has tumbled by some 17.5% at a time when uranium has been significantly strengthening. Whichever you wish to spin it, this is atrocious performance. all imo. dyor. qp
quepassa
04/2/2019
12:41
Thanks Jon. I've seen YCA has been added to the URA index so hopefully that will give it a kick up.
andyforster1
04/2/2019
12:39
Shakes head in disbelief.Nexgen - 29%Ur-Energy-10%Fission - 26%Energy fuels - 28%Denison - 20%Shall I go on ??See completely unaware of what's happening in the uranium market except for the "BELLWEATHER" Cameco.
andyforster1
04/2/2019
12:37
Andy- as I say, it doesn't happen. But to give an example ...NAV 100, share price 80.Imagine the new shares issued are treated as a separate class for now.I buy new shares at 80, immediate value is 78 (issue costs).This cash is invested and now trades at a 20% discount to its NAV, ie the new shares trade at 62p. Who would buy on such a basis?In fact the new shares are blended with the old and the whole set will trade somewhere between 62p and 80p, depending on the proportions.I haven't looked at the terms of their subscription shares, but that might be their way of raising the capital.
jonwig
04/2/2019
12:27
23.5p in November Less than three months later 19.5p. In less than three months, this share price has tumbled by some 17.5% at a time when uranium has been significantly strengthening. Whichever you wish to spin it, this is atrocious performance. all imo. dyor. qp
quepassa
04/2/2019
12:27
Thanks dogberry. I'm no expert in the space but I have spent the last 6 months doing a lot of research. I like to hear the bear case for my investment as it makes me take a second look. What I won't do is stand back and watch somebody talk down a vehicle when they don't really understand what's under the bonnet and why. This uranium market is just getting going, yes theirs been some short term winners but a real winner when this gets going is a 10x return. I'm not looking for that one I'm looking for a 3-5 x return with limited downside and that's what I get here. Nice to see some chat on here as I enjoy talking uranium
andyforster1
04/2/2019
12:13
Great posts, Andy. It's good to see such a knowledgeable poster counter the emotive claptrap some post here.
dogberry202000
04/2/2019
12:04
I know the guys at GCL have conducted an interview with smithweekly which is due out post authorisation. I will be interested to hear the thought process on the current portfolio. I'd like to see a large exposure to the US in the short term as I see that market having the first catalyst of 232.
andyforster1
04/2/2019
11:56
kaos3 - on the number of holdings, andy is right, but a more concentrated ("conviction") portfolio carries its own risks, especially with miners. Political, for instance. And when most companies in a portfolio are loss-making, it's not easy to figure out which ones will get funding and which won't. Index funds are popular these days, and I think the uranium etfs have the problem that they aren't 100% uranium-focussed. So maybe think of GCL as a uranium mining index fund even though there isn't an actual index to track. Even so, I don't understand why GCL should trade at a premium, apart from the fact that miners should outperform the metal on a rise.
jonwig
04/2/2019
11:55
I just don't see how the funding model would work if you believe you can only raise money at NAV. Surely it's acceptable to raise money at its current discount to NAV as most investors would welcome another purchase in the short term whilst the commodity price is low.
andyforster1
04/2/2019
11:48
andy - there's no prohibition, it's just very unlikely to succeed in practice. They could do it if the share price was, say, 260p and they issued new shares at 255p or so - ie. a smaller premium. I've know a discount fundraising twice, with JCP and MVI. In both cases the shares stood at a discount of around 30% and they did an institutional placing at a smaller discount, thus shafting the rest of the shareholders. This situation only happens with asset-backed securities not with trading companies.
jonwig
04/2/2019
11:38
The largest 5 investments represents 52% of the fund so it is more focused than you make out. As for commanding a premium, the fund has consistently traded at a premium for close to 18 months. The simple reason I can give for this is where else uk based (minus foreign brokerage charges and fx fees) can you get good exposure to Uranium miners ?? For your average speculators this is the go to fund for easy, low upfront cost exposure to the sector and when uranium goes mainstream I believe it will carry a 10-20% premium.
andyforster1
04/2/2019
11:31
Hi Jon, I've been searching the YCA admission document and cannot find any reference that they cannot raise equity below NAV. Any chance you can point me in the right direction??
andyforster1
04/2/2019
11:11
41 investments is like an ex - cant decide what is good or bad and what she wants - but she can decide she wants regular income - from me lol
kaos3
04/2/2019
10:24
GCL's performance over the last year does not justify a premium over the NAV.
jimbox1
04/2/2019
10:13
@QP An increase of 8% in one month. By comparison Geiger id DOWN 8% in one month. --------------------------------------------- To be fair, the GCL NAV has increased 2.3% in that time. (18.11 - 18.53)
bmcb5
03/2/2019
19:30
Yep because a fund that holds 41 stocks should go up 8% because Cameco goes up. Wow possibly the quote of the day. If you want exposure to a select few stocks buy them don't buy a fund. Durrr
andyforster1
03/2/2019
19:07
These are all macro-events which I agree with and which are beneficial for the whole sector. As jonwig has brought to light, Cameco started this year (four weeks ago) at USS11.15 and today it is US$12.15. An increase of 8% in one month. By comparison Geiger id DOWN 8% in one month. It seems that even this highly beneficial rising tide of macro events which you correctly mention and which should lift all boats has notwithstanding left Geiger sorely beached yet again. Good Luck All.
quepassa
03/2/2019
15:43
Contracting ComingBetween 2005 and 2010 utilities signed long-term contracts for over 200 million lbs. of uranium a year. In the last three years contracting has fallen by more than 60 percent to average just 77 million lbs. a year.The result: by 2022, which is not far off, utilities will need 38 million lbs. more uranium than they have ordered. By 2026 uncovered requirements soar to 116 million lbs.As soon as it becomes clear that the spot market is running out, utilities will rush to ink new contracts.And those contracts will not come at current spot prices. There's no point in a producer agreeing to sell uranium at prices that guarantee it will run at a loss. And analysts estimate that producers need, on average, a uranium price of US$55 per lb. – more than double today's spot price.Contract prices will be significantly stronger than current spot. Adding to the bullish vibe, producers will probably even demand that contract pricing is somehow linked to the spot price, so they retain exposure to a market expected to shoot skyward.
andyforster1
03/2/2019
15:34
Another short term catalyst for a spot price move is the ipo of Uranium Trading Corporation who expects to list in the US very shortly. Like Yellow cake and U participation they will buy and store Physical Uranium. The estimated net proceeds from this Offering, after deducting the expenses of the Offering, assuming the maximum offering, will be ______________________. Uranium Trading Corp. will invest at least 85% of the gross proceeds of this Offering in Uranium Products and in its trading program. The Company has entered into a purchase agreement to purchase up to two million pounds of U3O8 at a discount of 1.5% of the spot price.
andyforster1
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
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