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 Shares Traded Last Trade
  0.00 0.0% 40.40 100,610 08:00:00
Bid Price Offer Price High Price Low Price Open Price
39.80 41.00 40.40 40.40 40.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.08 -0.28 -0.32 39
Last Trade Time Trade Type Trade Size Trade Price Currency
16:00:17 O 1,500 39.80 GBX

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Date Time Title Posts
15/6/202119:25Geiger Counter Limited1,498
07/10/201617:30Geiger Counter - Uranium Fund1,538
20/12/201208:59Geiger counter84
10/1/201108:10Geiger Counter24
21/2/200714:34Geiger Counter with Charts & News8

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Geiger Counter Daily Update: Geiger Counter Limited is listed in the Nonequity Investment Instruments sector of the London Stock Exchange with ticker GCL. The last closing price for Geiger Counter was 40.40p.
Geiger Counter Limited has a 4 week average price of 39.90p and a 12 week average price of 34.50p.
The 1 year high share price is 45.50p while the 1 year low share price is currently 15.70p.
There are currently 97,102,727 shares in issue and the average daily traded volume is 316,500 shares. The market capitalisation of Geiger Counter Limited is £39,229,501.71.
steve73: Here's my take on this.. If the share price (or NAV) continues to increase y-o-y then the potential additional shares at every anniversary will create a drag, since the NAV will be diluted by the potential additional shares (see my worked example). If the SP/NAV is falling (or flat) there will be no incentive to buy the additional shares, and so the NAV will remain "undiluted". If the managers want to raise additional capital to invest (which I agree is be a good thing at the start of a bull market in Uranium) then they do so by a direct issue or Open Offer especially whilst the share price is at a premium to NAV, providing such offer is not at too much of a discount (as they have been doing occasionally this week), although it should be recognised that such issues will tend to dampen any rise in the share price The worked example they present in the RNS is a little misleading IMO (since it's based on a huge price uplift). Follows a worked example looking forward.. So the NAV now is 38.77... Let's assume the reference price (NAV at end of April) is 40p. If NAV increases to say 80p by this time next year, then it would be likely that all additional shares would be taken, i.e. 20% more priced at just 40p. Therefore the potential NAV should be based on dilution by the additional shares. i.e. (80x1+40x0.2)/1.2=73.3, and the share price would be expected to reflect this. Clearly it would be much better to get some additional cash now (by an equity issue or OO), upfront of any rise, so they can take advantage of any rise in the underlying equity, than to receive the extra funds after the underlying equity has risen in price. JMHO...
1solon: My simplistic take is assuming fully subscribed the share will be diluted by 20% every year but if the share price has increased someway above 20% then share holders will pocket the difference wether they sell or not.Extra revenue ploughed back in buys more U miners increasing potential uptick in NAV. And may dampen volatility.The problem will come when the bull has run its race and the share price consolidates or starts to decline.Timing an exit will be key always.
dogberry202000: But this proposal sure is putting a floor under the share price GCL is wanted
bmcb5: So in any good year, the share price is likely to run ahead of NAV up to April, as people value the subscription right. But following issue, there will be a reduction in NAV/share, so price will drop. Creating an unnatural volatility in the share price? Any shares they issue within the year (ie after 1st May) would then be ex-rights, so would likely trade at a discount? I mean, these are random thoughts, and I don't have answers to them all, but I'm still not sold on this
jonwig: Unlike the RNS the circular doesn't describe this as a rights issue - because it isn't. With a RI you can trade your nil-paid rights in the market or even buy more, for a period of time. With this you can't. Instead, if you want not to take them up, you'll have the delay and expense of having a trustee act for you. There are some scenarios where you might not want to shares. One obvious one is if the share price has risen over the year but is now in a downtrend. The strike price might not be much below the current price and before you've received the offer shares the share price may have fallen. Obviously if the offer had been open this year, it would have been foolish to ignore it, but it wouldn't be wise to assume that's always going to be the case.
jonwig: That's the idea, of course. But I share some of bcmb5's concerns. Are you assuming the share price and nav are rising forever? And what if you don't want to take up your rights? The usual thing is that you can either sell your nil-paids into the market or have them sold for you after the event. The RNS says nothing useful. Incidentally, I haven't read the circular simply because I can't find it! I'm looking here: bmcb5 - looking forward to your views.
greedfear: Uranium spot price under downwards pressure lately. Am I alone in thinking whales are causing it? They know investors would like to see recent uranium plays share price increases confirmed by spot price increases. Trying to raise doubts about the legitimacy of the share price increases in order to keep accumulate at still reasonable prices? “Real” uranium investors do know that spot price has little impact on contract prices between uranium plants and uranium producers. Pretty sure spot price is being manipulated (what isn’t? Lol).
gaiusgracchus: People on message boards talking about the daily price moves of a share, or how "that 10k sell was actually my buy", or who talk about market makers "manipulating" the share price offer zero value. Sure, these boards are really for entertainment purposes only. But it's a clear warning sign when most posts are about the share price instead of the company or industry fundamentals.
gaiusgracchus: Agree that boards on here where two out of three posts are talking about the day to day share price moves are incredibly tedious. There's plenty of great insight on twitter and youtube regarding the Uranium bull case. If you're convinced of the case then you know there is a long way to go for Uranium stocks. If you're not then why would you invest here? When this board starts getting multiple posts a day talking about the share price then that's probably a good sign to start looking for the exit.
jonwig: re post #975 - it would be more meaningful to overlay the GCL share price with the spot U price (USD/lb at start of year): 2015 - 36 2016 - 34 2017 - 22 2018 - 24 2019 - 29 Source; Https:// So I'm not sure what point you're making unless it's that uranium investments haven't been great.
Geiger Counter share price data is direct from the London Stock Exchange
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