Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
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Hi,
Last year I bought some, but not all, of my subscription rights. For the remaining ones I was given a small amount of money, 0.03365 GPB, per right (as was outlined as a possibility here: https://www.rns-pdf.londonstockexchange.com/rns/4542G_1-2022-3-29.pdf). The question I have is how to deal with this for tax purposes, should I report it similarly to a dividend?
Thanks
You can find this information yourself. Like I said, read the original offer RNS which gives the answers to your questions.
That was my question. Is there a purpose to selling shares at a premium to the market price? If you know of such purpose then please share.
You need to read the offer RNS last year when the price was higher to understand the terms and why the offer was made. Maybe they are not the maroons after all.
Do you think the board will be shocked when they have zero uptake, or are there really that many maroons out there who would pay 51p when the current price is 38p? It's like selling £5 notes for £10. Expect a big queue for that!
What is the real purpose of this ret@rded offering that's designed to fail? I start to lose confidence in a stock when the board behaves like this.
You're not missing anything. Last year, this was a good offer which I took advantage of...not so much this year. Buy on the open market (if you're buying at all).
So I am advised in my ISA, that for every 5 shares of GCL that I hold, I qualify to buy another one for 51p, while the current market price is 38p, and has been under 50p for several months.
LOL - This looks totally ******ed. Why would anybody do that? What am I missing?
They certainly are. But the uranium bull is intact and is either at the end of Wave 2 or is completing this. Wave 3 here will be something to behold.
So much for the Uranium bull! The Biden administration & the morons at the Federal Reserve are doing a brilliant job of wrecking the economy.
Not pushing BKY as an investment, but their report is worth reading for the comments on the Uranium market:
https://www.investegate.co.uk/berkeley-energia--bky-/rns/half-year-report/202303140700088764S/
Looks like the market is on the move.
Uranium starting the seasonal move up as the utilities start securing contracts, Sprott has been having a little nibble.
Loads of positive Uranium news coming out.
Over recent months Uranium market has done well at holding up when wider markets which have mostly been trashed.
No doubt on the news that Japan is re-considering its position on nuclear power. Share buy-back is good news, too.
Green deal going through, we know there is nuclear in this mix bring promoted
Low-carbon electricity generating station in Suffolk. The government has given the green light to French energy firm EDF to build the new Sizewell C nuclear power station.
Unusually high discount to NAV - see charts here:
https://www.hl.co.uk/shares/shares-search-results/g/geiger-counter-ltd-npv
36p mid price, shocking typing skills soz
Excellent swing today, with teh increase in US/Canadian stocks todat we're probably still looking at 42p NAV. Current 26p mid price...
Crazy discount in what should be a very positive market for uranium. Japan re-opening reactors, positive European news on environmental status, positive US rumblings on government support for uranium production and new apperite UK nuclear (amongst others) Etc etc. Yet here we sit.
Suspect there is a forced seller on the book. This drop so far below NAV is unprecedented in recent years.
Opportunity awaits...
Falling knife here currently, seems we're being hit harder than YCA for some reason. The European Parliament news regarding labelling gas and nuclear investments as green hasn't provided any relief either.
Value means little at the moment, but buying at 34.45p gives a discount of 15% on today's NAV. Premium long gone, cash I guess is king for investors. Who knows, but buying so far below recent equity issued at 55p gives some reassurance.
Surely commonsense has to prevail at some point with regards to nuclear energy.
Seeing a 36p Ask sours the recent subscription share offer which I took up, I thought it too good to be true for small fry such as myself to get discounted shares like the big boys and placing flippers of Aim, maybe next year I'll do as others did and sell straight away and pocket the difference but I guess one shouldn't moan though as my GCL holding is still in profit (for now) and if buying the bottom was easy - everyone would be doing it.