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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
  1.00 2.35% 43.50 43.00 44.00 43.50 42.50 42.50 831,209 14:55:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.1 -0.3 -0.3 - 42

Geiger Counter Share Discussion Threads

Showing 2326 to 2349 of 3150 messages
Chat Pages: Latest  102  101  100  99  98  97  96  95  94  93  92  91  Older
DateSubjectAuthorDiscuss
02/1/2018
14:28
Falling knife Mind your fingers!
bigtbigt
02/1/2018
12:40
Tried to buy gcs for my isa lsst week but told the security is not allowed within the wrapper. I hold my free subscription shares there on the back of an isa position on gcl interestingly. Missed today's excitement on the top up as a result.
ronconomics
23/12/2017
12:46
If share gets to (unlikely) £1 by Nov 2018 then the sub is worth 75p but because they often trade at a discount, the sell price likely to be a bit lower than that. Share price of £1 at final Nov 2020 expiry date and GCS worth 71p. We can’t know now whether the share will trade at a premium to NAV, or around NAV or at a discount. Current premium is unusual and with NAV falling, Geiger Counter share is overvalued and I’ve sold mine. So I only hold the sub share. My guess fwiw is that the share will soon go to a discount to NAV. Until recently it had traded at a discount for years. Remember that investors can buy and sell the sub share (GCS) at any time and as often as they want to until final expiry date in Nov 2020. Whether the subs prove a fantastic investment depends on how uranium/uranium shares perform. Uranium bulls have been wrong for years. We’ve got another 3 years to hope they are right eventually.
kenmitch
23/12/2017
10:20
Kenmitch I agree that if the share price is £1 at 30Nov18 then the warrant price should be 75p, assuming no discounts. I was however trying to put a value on the warrant in comparison to the NAV rather than the share price. If the NAV of the underlying assets rises to £1 from 25p by 30Nov18, assuming no discounnts and a 25p strike price for the warrants, what should the value of the ords and subs be at that time?
mustbefunny
22/12/2017
00:47
Compare this the GPM which is currently at a huge discount to NAV, so the SS reference price (set CoB yesterday) is well above current share rice.
steve73
21/12/2017
15:53
ken what is the exercise price on UEM subs - apols for being lazy i know DYOR but i suspect its at your fingertips.
tonsil
21/12/2017
14:49
Thanks. fwiw. NAV down today to 23.8p so GCL is still at a premium. Good chance share will go to a discount again, as until buying to get the free subs, GCL has normally trade at a discount. I’ve sold GCL as unless NAV rises GCL price likely to drift lower short term, assuming some more temporary selling, as has happened today. imo best way to play the upside is via the sub share GCS. But again short term GCS could also go lower. EDIT. Note. UEM is 220p to sell. So UEMS (worth 37p) is a bargain at 29.2p to buy. Also GHE and GHW on good run and up again today. GHW now 85p - 95p. FASS. Share up to 393p. FASS will go up fast if current good run continues. Horrible spread though. i.e. Worth keeping an eye on other good value sub shares and warrants too.
kenmitch
20/12/2017
17:13
kenmitch, superb post, you are the man with the plan when it comes to warrants/subs.
keya5000
20/12/2017
16:50
Mustbefunny. You're obviously struggling a bit with understanding warrants and sub shares. Pricing them is simple arithmetic. For simplicity I've rounded up or down the exercise prices. To work out what the subs are worth just deduct the exercise price from the share price. So currently with share price below all 3 exercise prices the sub shares only have time value as already explained by Que Passa. NOV 2018 exercise price is 25p. So if share goes to 50p GCS would be worth 25p. NOV 2019 exercise price is 26p. So if share goes to 50p GCS would be worth 24p. NOV 2020 exercise price is 29p. So if share goes to 50p GCS would be worth 21p. And if share reaches £1 by Nov 2020 then GCS is worth 71p. Note that these days the few remaining warrants and sub shares tend to trade below what they are worth and so are bargains for anyone who is confident the share prices will rise. (I posted the prices for the other warrants and subs in post 646. Already Gresham House warrants have risen from 75-80p then to 80-90p on tiny rise in share price). BUT it also means GCS could well end up being far too cheap too. e.g if share gets to 35p some time next year then GCS would be worth 10p and more than double current GCS buy price, BUT it may well be possible to buy for less than 10p and the sell price could be well below 10p. And yes, when the subs are exercised that hits the NAV. At some point the Trust is likely to give two NAV figures with the "fully diluted" figure being the one covering the subs being exercised.
kenmitch
20/12/2017
10:46
I think the subs would be worth 50p not 75p. The value of my other shares would be 75p not £1 due to the subs dilution, hence no additional gain.I have assumed that in this situation all subs would be realised.Does anyway know if the reported NAV is reduced for potential subs dilution?
mustbefunny
20/12/2017
10:36
Your subs would be worth 70p.How is that nothing? And you got them for free, so all profit.
kenmitch
20/12/2017
10:23
If shares go to a £1 I would have won anyway. The subs give me nothing.
mustbefunny
20/12/2017
10:21
Don't disagree that the subs can produce a good return to anybody who buys them now. My point was that they aren't going to add any value to anybody who received them with the issue.
mustbefunny
20/12/2017
09:52
I also expected the share to return to a discount once ex sub, but against that NAV could increase a lot further so even if back to a discount share might hold up or increase. A subscription share offer is like a disguised rights issue. If all the subs are exercised the Trust will end up with around £10 million. Very useful to them as costs of getting sub offer up and running were only around £100,000. Can't fathom Mustbefunny's reasoning. IF the shares do well over next 3 years it is win, win win. A win for the Trust who get £10 million. A win for shareholders if share goes up 4 fold to £1. A win for holders of GCS as their value will rocket over 20 fold from current 3p to sell to around 70p. Yes there is more incentive to buy the subs than the shares as they will go up much faster BUT it is often difficult to trade the subs in any size. Last time I held a mix of sub shares and shares and will do so this time. Have bought a few more at 4.5p but hoping they get a bit cheaper before adding more. Also if the share price turns down it can be very difficult selling the subs in any size and often to get rid of them it's at a price well below the quoted sell price, so unless able to afford exercising, building a very large sub shares holding is risky. Another sub negative that will put some off is the often wide spread. The last lot of subs were a great success all round. We were posting about them here around 1p and they soared nearly 60 fold in a few months. Can't see how sub shares "not very attractive," with gains like that! Note though that the last lot of Golden Prospect sub shares ended up worthless. They made the big mistake of issuing them after a very good run and with NAV and share price just about at the peak. It's essential for Trusts to issue them at opportune time. Though it would have been better if GCS offer had been sooner when NAV at rock bottom, the timing still doesn't look too bad with plenty of NAV upside to come IF uranium bulls are right at last. Finally for anyone not clear about this; there is no need to exercise. The subs cab be traded at any time.
kenmitch
20/12/2017
09:33
Sorry for multi post. Nothing to say gcs will perform in line with the Ord. It could have it's own market characteristics. On energy...the global outlook for more demand is well articulated. Nuclear industry worldwide is pushing hard on low carbon benefits and base load production. Vanadium flow batteries can potentially address shortcomings of solar and this doesn't often get a mention. Prospects for uranium look very good in my view.
ronconomics
20/12/2017
09:23
For putting capital to work...the bonus shares give an efficient geared play on the uranium price for a small outlay/risk. I compared a similar size spreadbet in the Ord. assuming a margin requirement of 25% and a stop loss distance of 30%. a move to previous highs in the last cycle gives a fantastic return in both. Then it cimes down to tax and margining. Today I spotted GCS is available as a spreadbet now which could be interesting (can't get within the spread though). Historically the shares have also traded at a premium for a while unconnected to subscription shares.
ronconomics
20/12/2017
09:23
For putting capital to work...the bonus shares give an efficient geared play on the uranium price for a small outlay/risk. I compared a similar size spreadbet in the Ord. assuming a margin requirement of 25% and a stop loss distance of 30%. a move to previous highs in the last cycle gives a fantastic return in both. Then it cimes down to tax and margining. Today I spotted GCS is available as a spreadbet now which could be interesting (can't get within the spread though). Historically the shares have also traded at a premium for a while unconnected to subscription shares.
ronconomics
20/12/2017
08:39
Now that we are ex-subscription-shares, the ords price should not be at a premium to NAV. I would expect this to move to a discount. Maybe 20% downside in the ords over the next few weeks as the excitement about the subscription shares subsides.
jimbox1
20/12/2017
07:03
This subscription issue appears to have no added value to me as an existing shareholder. It also acts as a disincentive for any new shareholders to buy the ordinary shares. Say the company consists of 2 ordinary shares of 25p and one subscription share with a strike price of 25p. Assume the existing assets are 25p/share. I own the 50p comapnay and have 25p in cash. If this is the position at the end of 3 years I have neither lost nor gained. Then say the underlying uranium assets increase in value to £1/share after 3 years. I take up the subscription. I now have 3 shares in a company worth £2.25 = 75p per share. I have neither lost nor gained by having the subscription shares. Now consider if I sell one of my ordinary shares for 25p. If the underlying assets rise to £1/share and I exercise my subscription share, the new shareholder will have a share worth 75p despite the underlying assets rising to £1. Not very attractive.
mustbefunny
20/12/2017
04:32
energy consumption and GDP growth are almost perfectly correlated - where are the easy reserves - uranium imho Https://gailtheactuary.files.wordpress.com/2017/08/x-y-graph-of-energy-consumption-and-world-gdp-to-2016.png
kaos3
20/12/2017
04:22
nice chart showing potential of the nuclear Https://gailtheactuary.files.wordpress.com/2017/12/world-per-capita-energy-1820-1910-with-circle1.png PS - looking on it my take: people were (are) running out of the "online" direct sustainable sun conversion energy - biofuels.- logs and straw mainly and they started to dig for the stored energy in the earth crust which has its limits (there is an ever increasing price to it) we might be forced to get back to "online direct sun energy conversion" with new tech employed as the graph probably can not increase for ever. and there a mix ca be played - coal and uranium Will be increasing probably in % terms in the mix
kaos3
20/12/2017
02:00
My broker tells me that I am not eligible for subscription shares as I sold my GCL shares on Thursday 14th. I thought if I held at 5pm on the 13th I would be eligible. Have I misunderstood? Thanks
3500sr
19/12/2017
20:28
@kenmitch Sweet. Much appreciated, thank you. A good plan also.
ronconomics
19/12/2017
16:48
ronconomics. You can buy and sell GCS whenever you like exactly the same as with any share. Nothing is taken from your sale proceeds other than normal dealing charge. I never exercise a warrant or sub share except sometimes at final expiry date. And yes then you do have to find extra cash. But even at final expiry date you don't have to exercise. You can either sell your GCS ahead of final expiry date or just let them lapse. If you let them lapse a trustee is appointed to exercise all lapsed sub shares and the proceeds will then appear in your account. If you just own your free subs best bet is to hold on to them and hope they become worth a lot more. e.g if share can go to 50p then GCS worth around 20p and over 5 times more than current price. 60p share price and GCS is worth at least 30p etc. Worst case scenario is share doing nothing for another 3 years and ending up lower than final exercise price. Then unless you sell them in time your sub shares will end up worthless. Best bet if bullish on uranium prospects is to buy a few more now in case share rises from here and never drops again. I'm hoping also to buy some more lower than current 4.5p if share price dips for a while.
kenmitch
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