Buy
Sell
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
  0.30 0.72% 41.80 41.00 42.60 41.80 41.20 41.20 243,819 09:44:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.1 -0.3 -0.3 - 41

Geiger Counter Share Discussion Threads

Showing 2251 to 2274 of 3125 messages
Chat Pages: Latest  101  100  99  98  97  96  95  94  93  92  91  90  Older
DateSubjectAuthorDiscuss
04/12/2017
12:36
Well if GCL warrants start trading at 1.25 p, I'll likely look to buy 10 million. Difference between GCL and GPM warrants? Basic. 1. Investor appetite for uranium vs gold/silver. 2. Forecast price increases for U3o8 v/s forecasts for gold/silver A warrant on uranium has SIGNIFICANTLY more UPSIDE POTENTIAL than gold/silver. ALL IMO. DYOR. QP
quepassa
04/12/2017
12:14
Que Passa The current extraordinary premium to NAV might or might not be because of the free sub share issue. BUT then how do you explain away the fact that the same is not happening with Golden Prospect new issue subscription shares? GPM NAV is 37p and share is 32p so unlike GPM currently at a significant discount to NAV?. As explained in the previous post a new warrant issue doesn't usually have much effect on the share price but perhaps GCL is an exception as it is thinly traded. IF current NAV premium is because of new sub shares then yes, a good chance that GCL will revert to NAV or a discount. Tempting to sell if that is going to happen, miss out on the free subs, and then buy the subs once they start trading, if at a fair price. BUT risk of another little run for uranium shares before ex date, and missing out on that if selling now, so not an easy decision. 3p is too high a starting price. 1.25p would give a CFP of around 10% so that's about right, but market makers often price new issues incorrectly so GCL could well start overvalued, and even as high as 3p. Don't know how you got the idea that I was comparing UEMS with GCLS. I was simply pointing out what good value UEMS were and trading at a discount. BUT warrants and sub shares have often traded at discounts for months and even sometimes years on end, again because of lack of knowledge on how to price them correctly. And UEMS has been at a sometimes very large discount for ages. UEM and UEMS are both up today. My guess fwiw is that both GCL and GPM will start higher than 1.25p. Coincidentally a bit over 1p is also fair value/CFP10% for GPMS.
kenmitch
04/12/2017
08:36
Totally disagree. The current extraordinary 20% PREMIUM to NAV is due entirely in my view to the proposed free warrants issue (plus perhaps the market ghosts wanting to push up the underlying warrant strike price based on November-end market price) My expectation is that, assuming the sub share issue is approved, that GCL will trade rapidly back down to NAV and that the warrants will be independently priced/valued at circa 3-4p reflecting their 3 year maturity and relatively low premium of 5/10/20% over the end-Nov '17 strike price. To compare the time value of UEMS warrants with three months to run with the time horizon of GCL warrants with 3 years to run is not a worthwhile comparison. The current GCL share price reflects in my opinion the value of the share - which normally trades at or below NAV PLUS the 3 year time-value of the warrants. The value of the warrants will be split out shortly and separately traded if all goes ahead. The REAL QUESTION is whether: 1. To hold the warrants 2. To Buy more warrants 3. To sell the warrants ALL IMO. DYOR. QP
quepassa
01/12/2017
22:48
Yes that was the spread, but It’s often possible to buy and sell sub shares well inside the spread. I did a dummy trade before posting and the buy price was 30p. Also there was a 100,000 trade at 30p that was probably a buy. “So no value in UEMS at present.” That’s not the case as I explained in previous post. Also UEMS have been in the Warrants Alert list of undervalued sub shares for ages. But you are right about the downside. It will be just as fast as the upside and the share only needs to fall just over 10% and then stay down and UEMS would expire worthless. So UEMS are only a buy if bullish on the Trust and markets. December is often an up month.
kenmitch
01/12/2017
18:59
I think you'll find UEM share price is at Bid: 28.25 Offer:31.00 So no value in UEMS at present. Each 1% further drop in UEM would reduce UEMS by some 6% or so. With global markets looking shaky, I am not a UEMS buyer right now. But I do not disagree with your more general points about the great potential of subs on some occasions
bigtbigt
01/12/2017
12:17
It’s very unlikely that recent share price rise is the market pricing in the likely starting price of the subscription shares. Subscription shares and warrants are rarely issued now but used to be commonplace for Investment Trusts. Announcement of a new warrant issue rarely saw the share price move up for an existing Trust. Also the mechanics of how to price subscription shares (eg CFP) is often little understood by market professionals let alone amateurs. Indeed because they are so little understood glaring pricing mistakes are common for the very few left. E.g currently UEMS (Utilico Emerging Markets sub shares) are at far too low a price and have been for months. Exercise price is 183p ( but final expiry date very close at end of Feb) and UEM is 217p to sell. So UEMS is worth 34p but can be bought for 30p. So not only is there nothing extra to pay for the remaining time value, but UEMS is at a 4p discount. So if confident UEM share price can rise, and currently it is at bottom of recent trading range, then UEMS is a strong buy. And there is a trustee to exercise lapsed sub shares for those who don’t want to or can’t afford to exercise. e.g If UEM can rise 10% to 240p then UEMS worth 57p compared with 30p buy price today. Back to GCL sub shares;there is a negative effect on NAV but only if/when the sub shares are exercised. But the big plus is that the Trust gets £millions of new money to invest when all the subs are exercised. And I’ve checked with the Trust and though no provision for a trustee to exercise lapsed sub shares is in the listing document there will be one if the subs finish in the money. And yes; if the shares do well the sub shares will do far better. The last GCL sub shares could be bought for less than 1p just before the last big uranium rally and the sub price went up 60 fold in a few months while the share only doubled. So great fun could be had with both GCL and GPM.
kenmitch
01/12/2017
00:12
End of the month shenanigans in the uranium price is causing volatility. The strongest seasonal period is still before us.
dogberry202000
30/11/2017
21:14
337k at 26p and 362k at 25.95p
matt123d
30/11/2017
16:32
QP I agree. Possibly the biggest drivers of the GCL share price at the moment are the subscription shares and the prospects of a price recovery, gradual or otherwise, in Uranium. I have no answer to this but I've sometimes wondered whether closed end funds like GCL, particularly at key turning points in their markets, just passively react to price changes in their holdings or anticipate them. Recently, with the announcement of the subscription shares it seems to have been the latter. Could GCL be a leading indicator? There must be a decent sized investor base here always doing their research and/or in possession of key information. I suppose, time will tell. Still, the range of holdings are attractive, compared with say URA which is heavily weighted with the leader of the sector, Cameco Corp, and you get a good mix of companies with decent prospects that could rise by over 100 fold in a bull market.
dogberry202000
30/11/2017
15:33
If the price of U3o8 sky-rockets as many,including me, think it eventually will, these GCL warrants (with the subscription price based on GCL's NAV as at 13/12/17) may prove to be extremely valuable warrants in their own right in the fullness of time. ALL IMO. DYOR. QP
quepassa
30/11/2017
15:28
NAV today is 21.39p. Mid price is 24.5p. Yes that is a premium of 3.11p per share. However, I would suggest that this is the market pricing in a value to the proposed free warrants/subscription shares. This 3.11p may be an early pricing or "the monetary value" of the free subscription shares. The Company spelled out the benefits of the Subscription shares as follows and maybe this is already bearing fruit: -- Subscription Shares should represent an attractive way for investors to participate in any future NAV growth of the Company through conversion into Ordinary Shares at a predetermined price; -- Qualifying Shareholders will receive securities: -- with a monetary value; -- which may be traded in a similar fashion to their existing Ordinary Shares or, in due course, converted into Ordinary Shares; and -- which are qualifying investments for the purposes of an ISA and permitted investments for the purposes of a SIPP; -- on any exercise of the Subscription Share Rights, the capital base of the Company will increase, allowing operating costs to be spread across a larger number of Ordinary Shares, and this may cause the ongoing charges as a percentage of the NAV per Ordinary Share to fall; -- following the exercise of any Subscription Share Rights, the Company will have an increased number of Ordinary Shares in issue which may improve the liquidity in the market for the Ordinary Shares; and -- the Bonus Issue may broaden the Ordinary Shareholder base as the Subscription Shares are dispersed in the market, attracting new investors and improving liquidity for Ordinary Shareholders. ALL IMO. DYOR. QP
quepassa
30/11/2017
14:40
GCL is at a premium here but the buyers want it so badly they don't care. There's been big buys going through over the last few days. It doesn't get more bullish than that.
dogberry202000
28/11/2017
22:51
Thanks for clarifications kenmitch
bigtbigt
28/11/2017
13:29
bought more as I expect the price Will bounce from the MA support
kaos3
27/11/2017
19:23
They are the same except for a technicality. Call them subscription shares and they can go in to ISAs but call them warrants and they can’t! Whether to buy more or wait depends on the starting price. I haven’t worked out any prices yes, but just to give you a guide to potential upside: the last subscription shares had an exercise price of 75p. A few months ahead of expiry date when the share was in low 60s the subs could be bought for under 1p. The share soared to about 140p ahead of expiry date sending the sub price to around 65p. But uranium and so GCL performance has disappointed for years and if that continues for 3 more years this new issue will be a damp squib.
kenmitch
27/11/2017
18:41
kenmitch, Thanks for the info. Your experience has obviously made you a fan which is good to hear. I assume warrant and subscription share are just two different names for the same thing. When we get the first market price for the SS I might dust off my Excel and do a bit of variance modelling. If anything can bring the Golden Prospect closer I'll be a happy man! Thanks again. brugen
brugen
27/11/2017
17:51
Brugen. Yes you are missing something. IF the share does well the sub shares will do FAR better. E.g the last GCL sub shares went up 60 Times at one point. Over the same period the share price went up about 8 times. Also shareholders are getting them for free. They can always buy more if/whenever they are good value. And if the sub shares finish in the money the Trust gets £millions of new money to invest. Yes, there are negatives too, including negative effect on NAV but in the past warrant after warrant and sub share after sub share went up miles faster than the share. They are now a rarity, partly because since the change in how financial advisers are paid Investment Trusts have wanted to keep things as simple as possible because they want to attract more investors. So I’ very pleased with the sub share news and hope Golden Prospect will follow suit.
kenmitch
27/11/2017
09:30
Having read the Subscription Shares RNS I am struggling to see what there is for me as an owner in this. If no Subscription Shares were issued I would gain all of any NAV uplift anyway. If SS are issued I have to put more money in. Any uplift between now and any of the three buying dates will be paid for by existing shareholders in a dilution of the NAV. Management will of course get more shares to charge more management fees on. Am I missing something or have GCL found a free lunch for me?
brugen
27/11/2017
07:17
Update RNS on the Subscription Shares... http://uk.advfn.com/stock-market/london/geiger-counter-GCL/share-news/Geiger-Counter-Ltd-Geiger-Counter-Ltd-Publicatio/76168419
steve73
23/11/2017
19:10
Delayed trade 500k @24p.
novicetrade68
23/11/2017
12:39
Pushing up strongly again.
x54v
22/11/2017
19:49
QP I, too, have concerns over the fee being too high. The doldrums for U lasted most of the year and longer than many expected. Underperformance was possible within this context.Most of the same team also manage GPM who sometimes outperformed their indexes. I think the Board would have acted on the subs. shares if the downturn hadn't lasted so long. They may want to issue them at a higher level but they need to clarify by restating their position on this. NXE, the biggest holding, is up around 8.5% tonight as I type. The holdings are good. We may be in a better position to judge performance by the end of Winter.
dogberry202000
22/11/2017
15:10
Looks good to me.
someuwin
22/11/2017
15:03
If the momentum keeps up in the uranium stocks then another quick run up to 30p+ looks to be on the cards.
x54v
Chat Pages: Latest  101  100  99  98  97  96  95  94  93  92  91  90  Older
ADVFN Advertorial
Your Recent History
LSE
GCL
Geiger Cou..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210506 09:48:06