Update note from QuotedData

Geiger Counter Limited - Update note from QuotedData

27 October 2026

New managers, renewed focus

Geiger Counter (GCL) has moved beyond the period of uncertainty created by its long-standing portfolio managers' departure from Manulife CQS. After considering its options, GCL's board has retained Manulife CQS on improved terms, with Toronto-based managers Diana Racanelli and Craig Bethune maintaining its specialist uranium strategy. A 27.9% management fee reduction benefits shareholders.

Despite relatively resilient uranium prices and encouraging industry fundamentals, GCL's net asset value fell 28.8% in the six months to September 2026, reflecting concerns over AI-related investment, financing costs and investor sentiment. The longer-term investment case remains compelling: growing nuclear power demand, driven by energy security, decarbonisation and rising electricity consumption, is expected to increase pressure on uranium supplies. GCL's concentrated investments in uranium producers and developers offer considerable potential gains if these trends materialise.

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https://quoteddata.com/research/geiger-counter-limited-new-managers-renewed-focus-qd/

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