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GCLS Geiger Countsub

35.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Geiger Countsub LSE:GCLS London Ordinary Share GB00B15MT779 SUB SHS (1 SUB SHR FOR 2 ORDS)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 35.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 35.00 GBX

Geiger Countsub (GCLS) Latest News

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Geiger Countsub (GCLS) Discussions and Chat

Geiger Countsub Forums and Chat

Date Time Title Posts
26/1/201117:51Geiger Warrants93

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Geiger Countsub (GCLS) Most Recent Trades

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Geiger Countsub (GCLS) Top Chat Posts

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Posted at 26/1/2011 15:35 by monet
GingerPlant

For those taking up the offer, share certificates are expected to be issued to
certificated subscription shareholders by 1st February 2011.
Posted at 20/1/2011 16:04 by dasv
Just got a courtesy call from TDwaterhouse: now is the final day of trading for GCLS. If you want to sell - now's your chance.

I went ahead and exercised the warrants to get ords instead.
Posted at 15/11/2010 18:20 by peterbill
I wrote to the fund manager Toni Wall .... got the email address from their website


I hold the above (GCLS) shares in my SIPP and ISA and would like to know the exact expiry date in Jan 2011 and if I am still holding the subscription shares at the expiry date and have not converted them, what happens to the shares?

Got this reply ...

A letter will be sent to you with a copy of the annual accounts for the year-ended 30 September 2010.
This will explain the process by which you can exchange your sub shares for ordinary shares.
The date will be on the 30th day after the distribution of the year-end accounts for 30 Sep 2010.
This will probably be around mid-January 2011, but the letter will specify the date.
Regards
Posted at 14/11/2010 13:53 by kenmitch
I hadn't realised there was this GCLS thread until alerted on the GCL bb.

I haven't checked for GCLS but sometimes if warrants or sub shares are left by investors to lapse, a trustee is appointed to exercise them for you and you get sent the proceeds.

If a trustee is not appointed then the subs become worthless.

So if checking with GCL about this it is important to get it in writing or to ask where it is already recorded - like the relevant RNS.

BUT even if a trustee is appointed I never use their service as it can go wrong.

e.g Quorum warrants finished well in the money and a trustee was appointed to exercise lapsed warrants, but for some vague reason they failed to do it and those relying on this "service" ended up losing 100%.

Also not that long ago when Finsbury Pharma warrants had a trustee in place they somehow managed to get them exercised at a 5% lower share price than other trades on that day.

So it really is best to sell in advance or go through the exercise process via your broker. If selling in advance don't leave it right up to expiry date as if the MMs don't want the hassle then they will offer a lousy price for them.

Hope that helps.
Posted at 12/11/2010 18:55 by stevie16
will the sub shares be like traditional warrants at expirey date?if not sold or if not converted into ord shares are the subs effectively sold by the company and the proceeds minus selling costs are passed onto the owner of the subs? this is assuming that the ord share price remains above the 75p conversion price(which it should).
Posted at 09/11/2010 14:22 by andrbea
re-doing post 75


so route in via gcls: XP of 75p + 17.5p = 92.5p
but gcl price is now 93.75

but some posters on gcl say its nav (rising daily) has now risen to about 102p, so maybe gcls should be 17.5+9.5 = 27p
Posted at 08/11/2010 11:25 by patersdw
Sub needs to wait for GCL to move forwards. Catalyst I'm looking for is an anticipated increase in the spot price (to be anounced later today), and the share price reaction of UUU, CCJ etc. KAH showing the way after another firm performance from EXT in Aus overnight.
Posted at 21/10/2010 15:37 by andrbea
last post on gcl thread a must-read
it ends:

Though by far the best of the sub share upside has now been had, anyone confident that the share price will be 85p or more by, say, mid December could still buy a few as 85p/86p should see the sub share price double again.
Posted at 21/10/2010 14:27 by andrbea
if gcl hits 85p, we may see 10p on gcls

but there are risks:

kenmitch - 21 Oct'10 - 14:15 - 302 of 302


energiser01.

Your information on how some of the shares are doing overnight is really useful for holders of the sub shares, so I hope you'll continue with such posts including on down days, though I hope there won't be many of those.

The latest Adviser Comment bodes well both for the shares and subs and that last sentence is almost a hint that the subs should have further to go and will end up in the money. Hope it is well in the money.

Good to see NAV up again this week and the shares though rising now are still at a discount of around 10% and the shares have traded at a premium in the past, so the discount could start to narrow further over the next few weeks.

It might not be long before the odd newpspaper tipster wakes up to Geiger Counter again as they tend to do that after quite a bit of the rise has been had. Even so it looks as though next year the shares might test previous peaks, or even exceed them. Shorter term it would be great to see the shares at 85p by this time next month. That should give a sub share selling price of at least 10p. The subs remain risky simply because they are so short dated and if the shares fall back they might not have time to recover again. Though by far the best of the sub share upside has now been had, anyone confident that the share price will be 85p or more by, say, mid December could still buy a few as 85p/86p should see the sub share price double again.
Posted at 04/10/2010 14:27 by andrbea
taken from gcl thread:

kenmitch - 4 Oct'10 - 13:47 - 261 of 262

Disappointing to see the Kalahari Minerals share price drifting lower and so countering some of the gains elsewhere in their portfolio. Hope NAV at least holds up and then bounces again soon.

Warrants now have far more chance of going up a lot, but still probably just odds against that the share price gains will come in time for them - deadline January 31st but ideally we want the warrants well in the money (say 80p for a 5p warrant price) by the end of this year.

They were only 0.8p to buy last week with buys at that price shown as sells. No point chasing the price now unless/until both NAV and share price rise further.
Geiger Countsub share price data is direct from the London Stock Exchange

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