Annual Overview from QuotedData

Geiger Counter

01/12/2023 10:59

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RNS Number : 4138V  Geiger Counter Ltd  01 December 2023

 

Geiger Counter Limited - Annual Overview from QuotedData

1(st) December 2023

Powered up for growth

Geiger Counter (GCL), which invests in companies involved in the exploration,
development and production of uranium, is set to benefit from nuclear power's
colossal role in decarbonising the global electricity supply. Governments
around the world are making nuclear energy (the only source of zero carbon
baseload power - the minimum amount of electric power needed to be supplied to
the electrical grid at any given time) a cornerstone of the green agenda.

Existing nuclear reactors' lives are being extended, while Asia drives a
global fleet expansion as demand for uranium surges. Meanwhile, a 10-year bear
market has restricted investment in any new supply and created a highly
supportive backdrop for uranium, with the spot price jumping considerably in
recent months.

At less than 10% of the overall cost of power production, there is little to
no demand destruction from higher pricing, which is why GCL's managers believe
that there is material further upside to come. GCL's 19.9% discount to net
asset value (NAV) seems both unjustified and extremely attractive.

Full Research:

https://quoteddata.com/research/geiger-counter-limited-powered-growth-qd/
(https://quoteddata.com/research/geiger-counter-limited-powered-growth-qd/)

This research is also available free on our website www.quoteddata.com
(http://www.quoteddata.com) where you will also find news, performance data
and factsheets on every London listed Investment Company. QuotedData writes
and distributes research on a number of quoted companies, facilitates meetings
between those companies and existing and potential investors and assists in
raising additional capital where required.

NB: Marten & Co was paid to produce this note on Geiger Counter Limited
and it is for information purposes only. It is not intended to encourage the
reader to deal in the security or securities mentioned in this report. Please
read the important information at the back of this note. QuotedData is a
trading name of Marten & Co Limited which is authorised and regulated by
the Financial Conduct Authority. Marten & Co is not permitted to provide
investment advice to individual investors categorised as Retail Clients under
the rules of the Financial Conduct Authority.

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