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
  0.00 0.0% 14.75 14.30 15.20 14.75 14.75 14.75 73,885 08:00:00
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 2826 to 2849 of 2875 messages
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DateSubjectAuthorDiscuss
01/9/2019
16:16
Latest fact sheet (July 2019) shows the following top 5 holdings % - few changes from the info in the header: 1 Nexgen Energy 18.6 2 Denison Mines CAD 10.5 3 NAC Kazatomprom JSC 9.0 4 UR-Energy USD 8.2 5 Uranium Participation 7.2 Top 5 Holdings Represent 53.5
briannewby
01/9/2019
16:10
You to. I've been pretty vocal about Q4 being the turning point for the equities. World recession fears have created the disconnect between the price of uranium and the equities. It's ultimately in an upward trend since October 2017 yet the equities make new 52 week lows. The inevitable US contracting cycle is weeks away and I can see it getting very exciting this side of xmas.
andyforster1
01/9/2019
15:53
Good point about the high water mark being 40% away. Hopefully we'll get back to that level soon! You're right, as a single shot diversified portfolio it's great fund, I was imperessed by the managers when I heard them speak. I also appear unable to trade Australian shares, so I'm missing out on that large part of the market. As I see it, the main negative of selecting a handful of shares is that I risk the companies going bankrupt. Hopefully not, but it is a higher risk strategy compared to holding a larger spread of companies through Geiger Counter. Anyway, all the best. -0x3F
0x3f
01/9/2019
15:33
I can 100% understand the frustration of fees. I just don't think it's the primary reason to invest or not. Im bullish GCL because it gives me a one Stop shot for multi geographic exposure that I cannot get through my broker (No Australian, No Kazatomprom etc). The Ability to participate in placements (warrants) and ultimately the experience of the management team. Good luck investing in what ever vehicles you use but I'm happy with my UK Uranium exposure here.
andyforster1
01/9/2019
15:27
To add to the short term credentials of GCL the NAV would have to exceed 21.68 to begin to accrue the 20% performance fee. That's a 40% return from today's NAV
andyforster1
01/9/2019
15:26
OK, thanks Andy. The fund fees are more than the the 1.375% - that is just the managments fee, it doesn't include administrators fee / trading and (most importantly) performance fee. The modelled 4% doesn't see too far fetched to me, but anyway... The key point is that the FX charge is a one off 1% (or rather, as you say, 2 one off 1%'s), whereas the funds fee is compounding year after year after year. My expectation was that the funds fees would come to hundreds of thousands of pounds over a 5-10 year holding period. I'd rather avoid that. The other negative for me was that my U holdings aren't tax sheltered and I suspect this fund is classed as a non-reporting fund and didn't want to risk gains being taxed as income, but that's another story :) -0x3F
0x3f
01/9/2019
15:04
The 4% fee is modelled in the kid report. My point about fx trading is you pay 1% going in then 1% going out so needs to be taken into consideration when you see an annual management fee of 1.375% with no fx charge.
andyforster1
01/9/2019
14:42
I don't understand the point you're trying to make. You're agreeing, around 1% FX fee seems standard. 1% is significantly less than the fund fees, recouped in 6 months or less. Can't see any fee 'modelled' stuff in that doc, only the usual 1.375%/annum plus 20% of NAV increase over 8% hurdle. I've done the calculations myself and once the bull market gets going, the fees are going to be sizeable.
0x3f
01/9/2019
13:33
Hargreaves lansdown fees = Foreign exchange chargeValue of trade FX chargeFirst £5,000 1.00%Next £5,000 0.75%Next £10,000 0.50%. I'm not saying everyone has 10's of thousands to invest but the ins and outs in foreign exchanges is expensive
andyforster1
01/9/2019
13:28
Take a look at the actual fees charged here vs estimated fees on a modelled basis. https://ncim.co.uk/wp/wp-content/uploads/2019/07/Geiger-Counter-Limited-Pre-Investment-Disclosure-Document-July-2019.pdf
andyforster1
01/9/2019
11:15
I think you're underestimating the effects of the fee's here. They are very high*. FX charges are only around 1% for most brokers, whereas annual management fees here are currently stated as 4.3% in the KID. >When this bull moves the premium to NAV will cancel out the performance fee I calculated the fees to go to the 6% range, if this plays out as I expect. Compounding the fees at that rate is significant, and a one-off premium would need to be significant to compensate(eg 50%). As you say, there are few options for UK investors & this may well outperform my holdings (fund managers seem v good, deep sector knowledge / private placements etc), so we'll see. I expect both options will make a lot of money :) 0x3f * Regarding issuing shares, ideally that's that you would want (when at a premium) as would be a driver of returns. Also, a bigger fund could decrease the charges.
0x3f
01/9/2019
09:49
With uk investors having only two solid places to play the Uranium market (here and yellow cake). This will be the go to vehicle for the traders who don't want the hassle of buying foreign stocks. When this bull moves the premium to NAV will cancel out the performance fee. Here's to monthly averaging in untill the inevitable contracting cycle kick in.
andyforster1
01/9/2019
09:45
I don't think you understand how the fund works. Stock is issued if the premium to NAV goes above 20%. The fees are not out of kilter to any other niche sector. I'd also point out that if you buy the underlying equities, you will be charged forex fees for buying in and selling out. In most instances those charges would be equal to the annual management fee. GCL also have the ability to participate in placements that most UK private investors would have no chance of taking.
andyforster1
31/8/2019
05:09
Yes, every single one of my U co's were up yesterday, some in the double digit %. Feels like a bottom, although a wider market sell off could see a further hit imo.Once supply / demand fundamentals take over, general market conditions, will play no part in what happens here. The lights need to stay on, even in a recession.More than comfortable being invested in the uranium sector.
1solon
30/8/2019
22:53
There were some big up moves among North American uranium miners tonight with one minnow, Azincourt up around 83%!. Open interest for September is around 600 contracts, the most for some time.
dogberry202000
22/8/2019
07:04
Just bought@16.33.
bonnard
22/8/2019
01:58
It looks as if I got "bored" out of these at exactly the low point at the end of last week. I'll try to keep the header updated occasionally, as I am still retaining my Subscription Shares that I got free issue. Good luck to the rest of you hanging on here.. I think long-term the Uranium sector will prosper, but I could forsee better short term opportunities for my small holding here.
steve73
21/8/2019
20:36
Kenny, I think you've got management's approach to their customers about right although you missed out the level of the extortionate management fees. On the other hand I don't know of another broad ranged vehicle which will enable me to invest in what I hope to be a coming bull market in Uranium. So I despise the management but hold.
brugen
21/8/2019
15:38
I do not understand the point of investing in this fund. I see two big negatives, namely: 1. It does not pay a dividend, and 2. Every time the share price goes up, the company issues tons of new shares. The share price is well below where it was 5 years ago, so buying here just enriches the managers and maintains their ability to collect fees, year after year. The managers have no policy to control the discount to NAV via buybacks because that would reduce the size of the fund that they can collect fees on.
kenny
21/8/2019
14:07
THERE'S BEEN A MASSIVE 10% BOUNCE IN JUST THE LAST FEW SESSIONS BY SECTOR BELLWETHER CAMECO since the RECENT KAZATOMPROM ANNOUNCEMENT TO FURTHER CURB U3o8 PRODUCTION. OTHERS LIKE DENISON AND ENERGY FUELS ALL UP AS WELL, SOME AS MUCH AS 15%. HERE??? NOT YET....BUT SHOULD LIKELEY PLAY CATCH-UP SOON THIS IS BIG NEWS FOR THE SECTOR BY THE WORLD'S LARGEST PRODUCER. MORE AND MORE ASIAN ECONOMIES OPENING/TURNING ON and FIRING UP ON NUCLEAR POWER-STATIONS. ALL IMO. DYOR. QP
quepassa
20/8/2019
07:38
That's big news for the uranium market, Andy. And, out of the blue, too!
dogberry202000
20/8/2019
07:16
When Cameco and Kazatomprom both say they want a $45 plus Uranium price. We will get a $45 plus Uranium price.
andyforster1
20/8/2019
07:15
https://www.investegate.co.uk/jsc-nac-kazatomprom--kap-/rns/kazatomprom-announces-extension-of-production-cuts/201908200714126004J/
andyforster1
19/8/2019
09:04
I've been watching that 10p mark too pineapple. It might just get there, if we get a capitulation day. Needless to say, if it does, it will be a huge opportunity.
bmcb5
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