REG - Geiger Counter Ltd Geiger Counter - GCS - Monthly Factsheet- June 2025

Geiger CounterAnnouncement

23/07/2025 17:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250723:nRSW3048Sa&default-theme=true

RNS Number : 3048S  Geiger Counter Ltd  23 July 2025

 

 

Geiger Counter Limited Plc

 

Monthly Investor Report 23 July 2025

(All Factsheet data is at 30 June 2025)

 

The full monthly factsheet is now available on the Company's website and a
summary can be found below.

 

NCIM - Geiger Counter Ltd - Fund Page for Geiger Counter Ltd
(https://ncim.co.uk/geiger-counter-ltd/)

 

 

Enquiries:

 

For the Investment Manager

Craig Cleland

Manulife CQS Investment Management

0207 201 5368

 

For the Company Secretary and Administrator

R&H Fund Services (Jersey) Limited

Jane De Barros/Katie De La Cour

01534 825259/01534 825337

 

-----------------------------------------------------------------------

 

 

Fund Description

 

The objective of Geiger Counter Limited is to provide investors with the
potential for capital growth through investment primarily in the securities of
companies involved in the exploration, development and production of energy,
predominantly within the uranium industry. Up to 30% of the value of the
Company's investment portfolio may be invested in other resource- related
companies from outside the energy sector.

 

Portfolio Managers

 

Keith Watson and Robert Crayfourd

 

 

Key Advantages for the Investor

·      Access to mining assets in the uranium sector

·      May benefit from embedded subscription share

·      Low correlation to major asset classes

 

 

 

Key Fund Facts(1)

 

 

 Total Gross Assets                   £71.7m
 Reference Currency                   GBP
 Ordinary Shares:
   Net Asset Value                    50.31
   Mid-Market Price                   43.80p
 Net gearing(4)                       21.50%
 Discount                             (12.94%)

 

 

Ordinary Share and NAV Performance(2)

 

                One Month    Three Months    One Year    Three Years    Five Years
                (%)          (%)             (%)         (%)            (%)
 NAV            18.35        46.72           (20.10)     23.98          238.10
 Share Price    9.50         29.97           (11.52)     10.19          171.21

 

 

Commentary(3)

 

The Company's NAV rose 18.4% over the month against a stronger uranium price
backdrop. The spot U3O8 price ended the month up 3.7% at $74.3/lb with support
arising after a $200m equity placement by the Sprott Physical Uranium Trust
for the purpose of acquiring more material. The Company's return compared to a
sterling gain of 18.0% registered by the Solactive Uranium Pure Play Index.

 

Early in the month, first Meta and then Amazon announced that they had
formalised long-term

nuclear power purchase agreements with Constellation Energy and Talen Energy
respectively to power their data centres, helping buoy sentiment.
Subsequently, the Sprott Uranium Trust

continued to buy uranium, funded by its upsized equity issue which allowed it
to purchase nearly 1.5Mlbs of U3O8 during June, taking its total holding
towards 68Mlbs by the end of the month.

 

Nexgen made a strong contribution to performance with the share price rising
nearly 12% in June. Encouragingly, the incoming and pro-nuclear Canadian
government held a conference among its top ministers to assess projects of
national strategic importance. This included energy and critical minerals, a
move which would appear supportive for the future development of Nexgen's
globally significant Arrow project in Saskatchewan. The development is
awaiting its final court hearings, currently scheduled to take place in early
2026. Elsewhere, Ur-Energy also made a strong contribution, with the shares
rising over 28% over the month, as the group continues to ramp-up production
from the restarting Lost Creek ISR Project. Paladin and Cameco were also
helpful with their share prices rising 29% and 26% respectively.

 

 

                       Gross Leverage(6)   Commitment Leverage(7)

                       (%)                 (%)
 Geiger Counter Ltd    122                 122

 

 

CQS (UK) LLP

4th Floor, One Strand, London WC2N 5HR, United Kingdom

T: +44 (0) 20 7201 6900 | F: +44 (0) 20 7201 1200

 

CQS (US), LLC

152 West 57th Street, 40th Floor, New York, NY 10019, US

T: +1 212 259 2900 | F: +1 212 259 2699

 

Tavistock Communications

18 St. Swithin's Lane, London EC4N 8AD

T: +44 20 7920 3150 | geigercounter@tavistock.co.uk

 

Sources: (1)R&H Fund Services (Jersey) Limited, as at the last business
day of the month indicated at the top of this report. (2)R&H Fund Services
Limited/DataStream, as at the last business day of the month indicated at the
top of this report, total return performance net of fees and expenses based on
bid prices. These include historic returns and past performance is not a
reliable indicator of future results. The value of investments can go down as
well as up. Please read the important legal notice at the end of this
document. (3)Market data sourced from Bloomberg unless otherwise stated. The
Fund may since have exited some or all of the positions detailed in the
commentary. (4) BMO, UxC, Company data September 2023. (5) www.eia.gov
(http://www.eia.gov) . (6)CQS, as at the last business day of the month
indicated at the top of this report. For methodology details see Article 4(3)
of Directive 2011/61/EU (AIFMD) and Articles 6, 7, 9 and 10 of Delegated
Regulation 231/2013. (7)CQS, as at the last business day of the month
indicated at the top of this report. For methodology details see Article 4(3)
of Directive 2011/61/EU (AIFMD) and Articles 6, 8, 9, 10 and 11 of Delegated
Regulation 231/2013.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DOCMZGZNVFZGKZM