The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
To deliver attractive returns to shareholders principally in the form of capital growth, through investment in companies involved in the exploration, development and production of uranium to supply the nuclear power industry.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Today. Going to leave this alone and watch it grow....
darrenp - been looking to get into Uranium for a while now and this looks a good bet to me. Price of Uranium is starting to rise, there are many new power stations scheduled to come on stream by 2020 and Uranium supply is limited / regionalised. I am currently in Kibo and they are sat on a Uranium deposit waiting for the market to pick up.
Reckon this would make a great long term regular saver if you want to buy cheap over a long period and are not bothered when the rise will come, as its been at historically very low prices for quite a while now and probably for quite sometime to come. However with future energy use around the world moving away from hydrocarbons nuclear will grow significantly in the future. Wind and solar arent guarenteed to provide enough energy, tidal schemes could be dependable, but something is needed that is dependable and can supply huge amounts of power. I believe nuclear is the answer and many countries are building new nuclear power stations. It will take many years but as more and more of these power stations come on stream I see the demand for uranium increasing dramatically. Also in the nearer term Japans nuclear industry should recover and go on to expand, still hasnt fully revovered from the Fukushima incident. GCL could then rise dramatically back to its higher levels of the past.
Valuation: Discount above long-term averages The discount, currently at 21.3%, is above its three-year average of 15.3% and its five-year average of 12.0%. This arguably reflects sentiment in the space and recent performance. However, valuations are now at multi-year lows and we consider that GCL is well positioned to benefit from any recovery in the space and that it may be of interest to long-term investors looking for diversified global uranium exposure.
This stock seems bombed out and unloved! Have bought some 32p as i think uranium has a future, you only have to see what the kids are plugging in to get it
CHAIRMAN'S STATEMENT Your Company's net asset value ended the six month period under review unchanged at 68 pence per share; its share price fell by 7% as the discount at which its shares trade to net asset value widened somewhat. These bald facts do not do justice to a period that showed real promise, only to end in a disappointment that has deepened since the quarter end. It was not until the start of 2012 that we left the post-Fukushima lows behind us, but in January and February better world economic news coincided with a marked change in sentiment towards uranium and uranium mining stocks and the Company's net asset value responded strongly. It increased by more than 20% in January, and the long awaited consummation of the apparently interminable Chinese Kalahari romance in February saw further progress and seemed to mark a turning point. March saw renewed weakness, however, a weakness that was especially frustrating because it attached so little to the fundamentals of the uranium space and so much to the macro backdrop, with mixed news from China, renewed doubt over the strength of the US recovery and, above all, the renewal of the eurozone crisis dragging markets lower. There is encouragement to be found. Through it all the uranium spot price has remained virtually unchanged at a little over USD50/lb, and it feels as though a firm floor has been established. Japan's last operating nuclear reactor may have been closed for compulsory inspection, but there is increasing evidence of local government support for a programme of plant re-opening; it remains Germany's stated intention to close its nuclear plants, but Frau Merkel has yet to indicate the source of the replacement power, and if M Hollande is less than supportive of older nuclear technologies, he has re-stated his support for the new EPR and Generation IV fast breeder projects. China's commitment to the nuclear project remains unshakeable, and closer to home it is interesting to note that Turkey has entered into collaboration with an enthusiastic China to develop a nuclear programme. A short term dominated by fears of a worldwide recession originating in the eurozone may present an unpromising backdrop, but the reality is that nuclear power remains attractive to any country without other traditional energy resources. The medium term case for the Company's focus on the uranium industry remains as valid as ever, while the authority granted by shareholders to diversify up to 30% of our assets into other resource related activities is particularly useful at times like the present.
http://www.investegate.co.uk/Article.aspx?id=20120611090017H8472
One assumes they are responsible for some of the large BUYS of late
A Jersey closed-end investment company which invests in uranium exploration & production stocks. Try Googling New City Investment Managers.
what does this company do??? i can find a website
should be ticking up not dropping
Geiger Counter Limited held its annual general meeting on the 24th February 2011 at Ordnance House, 31 Pier Road, St Helier, Jersey. The Chairman is pleased to report that the following ordinary resolutions, each as listed in the notice of annual general meeting distributed in December 2010, were passed by the members: 1. That the Report of the Directors and the audited Financial Statements for the year-ended 30 September 2010 be approved ; 2. That KPMG Channel Islands Limited, Chartered Accountants, be re-appointed as Auditors and that the Directors be authorised to determine their remuneration ; 3. That, pursuant to Article 46.1 of the Company, the Company shall extend the life of the Company from the fifth anniversary of the First Closing Date until the next annual general meeting of the Company, when a further extension will be sought ; 4. That additional ordinary shares (the "New Shares") may be issued by the Company and that such issue of New Shares is approved in accordance with Article 7.1 of the Company's articles of association, insofar as such issue does not result in the Company's issued ordinary share capital exceeding its authorised ordinary capital of 200 Million ordinary shares ; and 5. That the New Shares may be issued in one or more tranches over a period from the date of the AGM to the next annual general meeting of the Company, at a premium over the net asset value per share.
http://www.investegate.co.uk/Article.aspx?id=20110224150000H2168
Geiger Counter (GCL)‘s subscription shares are finally converted.. They have hung over the market but are now cleared. Tomorrow starts the big push to get insto’s behind Geiger. Help yourselves at up to 120p if you reckon that uranium is the sector for 2011 – which I am told it most definitely is. TNAV is 125p.
An extract from the diaries of infamous bear raider Evil Knievil I hear that Geiger Counter (GCL) is doing well. Actually, I would make it my nap for 2011 if it were not for the fact that it is an investment fund and therefore merely reflects a sector average. But lazy investors who like it reasonably sure and easy are urged to climb aboard. There are warrants, described as subscription shares, (GCLS) convertible to ordinaries by 31st January on payment of 75p per share.
Spot on, Brison - and great timing. Wish I'd seen it earlier. Any ideas about the 'sub' shares?
I think the best way to invest in URANIUM is by buying shares in a company/fund called GEIGER COUNTER epic GCL that way you have a giood spread in companies and more chance to reap the benefits of the increase in the URANIUM price which is about to EXPLODE......any thoughts on my suggestion as I bought into this company/fund today. --------------------------------------------------------------------------------
Looks like were heading towards a double dip. Although I will not be selling, I will be topping up all the way down. In my opion I can see this share price dropping below 30p. Only time will tell.
This is going to be hugh, I've been topping up since last year. I used to own individual shares such as Vane, Kalahari and Niger but have since decided to consolidate them all into this fund.
ive had a few for a while, someone told me uranium was the new gold! still waiting,,,,
Holding any GCL looks interesting as uranium could be big?
Try again. Someone keeps moving the *~# thing: Newest link here: http://www.ne.doe.gov/pdfFiles/rpt_SustainableEnergyFuture_Aug2008.pdf