Geiger Counter Ltd Annual Overview from QuotedData
01 Dezembro 2023 - 7:59AM
RNS Non-Regulatory
TIDMGCL
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/
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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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END
NRAEAEAFESKDFFA
(END) Dow Jones Newswires
December 01, 2023 05:59 ET (10:59 GMT)
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