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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Transglobe Energy Corporation | TGL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 295.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 295.00 | 295.00 |
| Top Posts |
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Posted at 11/2/2024 08:51 by 1399peter CHARLOTTE, NC January 16, 2024 – Honeywell (NASDAQ: HON) today announced the closing of a $300 million equity fundraise for Quantinuum, the world’s leading integrated quantum computing company, at a pre-money valuation of $5 billion. The round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell, which remains the company’s majority shareholder. This investment brings the total capital raised by Quantinuum since inception to approximately $625 million.This capital raise represents Quantinuum’s first equity funding round since Cambridge Quantum Computing and Honeywell Quantum Solutions merged in November 2021. The funds will be used to accelerate the path towards achieving the world’s first universal fault-tolerant quantum computers, while also extending Quantinuum’s software offering to enhance commercial applicability. JPMorgan Chase has one of the world’s most highly regarded specialist teams working on quantum technologies within the financial services industry and has been working with Quantinuum and its predecessor companies since 2020. The company was one of the earliest experimental users of Quantinuum’s H-Series quantum processor and is also one of the most active corporate partners that employs Quantinuum’s software development kit, known as “TKET.” Lori Beer, Global Chief Information Officer at JPMorgan Chase said: “Financial services has been identified as one of the first industries that will benefit from quantum technologies. As such, we have been investing in quantum research and our team of experts – led by Dr. Marco Pistoia – have made groundbreaking discoveries, partnering with quantum computing leaders like Quantinuum. We look forward to continuing to work together to positively impact our businesses, customers and the industry at large.” Toru Matsui, Chief Digital Information Officer of Mitsui & Co., Ltd. said: "We are pleased with our capital contribution to support Quantinuum's new ventures in fault-tolerant quantum computing and quantum software development, which are ushering in the Quantum Era. Mitsui is committed to teaming to promote the introduction of Quantinuum's solutions in Japan and the Asia-Pacific markets." Rajeeb Hazra, CEO of Quantinuum added: “The confidence in our business demonstrated through this investment by our longstanding strategic partners and industry leaders is a clear indication of the value we will continue to create with the world’s highest performing quantum computers, groundbreaking middleware to accelerate the developer ecosystem and innovative application software to revolutionize fields like cryptography, computational chemistry, and AI.” Darius Adamczyk, Executive Chairman of Honeywell and Chairman of the Board of Quantinuum concluded: “The successful completion of this investment round is a testament to Quantinuum’s evolution and maturation in the quantum space. Today’s news signals the extent to which Quantinuum is uniquely positioned to commercialize its innovation and continue their leadership in a rapidly growing market. We look forward to welcoming these partners as investors in Quantinuum, as we all look forward to the tremendous opportunities in the years to come.” Quantinuum’s technologies are used today by leading companies, including Airbus, BMW Group, Honeywell, HSBC, JPMorgan Chase, Mitsui and Thales. In collaboration, these organizations are exploring how to engineer and scale quantum capabilities to help solve some of world’s most challenging problems – from designing and manufacturing hydrogen cell batteries for transportation, to developing materials to sequester carbon safely from the atmosphere to support the world’s energy transition. Quantinuum is also at the forefront of developing Quantum Natural Language Processing, which will help enable the next generation of AI to be scalable and fit for purpose. J.P. Morgan Securities LLC served as exclusive placement agent to Quantinuum in connection with the financing. Freshfields Bruckhaus Deringer US acted as external legal counsel. If I am reading this correctly, they are valuing Quantiniuum at $5b. And it's only just got going. Are we looking at a future $1T or more company here. I think we are IMHO......... |
Posted at 12/1/2024 16:30 by hedgehog 100 "UK is ready to take a quantum leap on technologyKedar Pandya Executive Director of Cross-Council Programmes, Engineering and Physical sciences Research Council 11 January 2024 The UK’s quantum technologies programme has enabled a national centre of excellence and it must now push on to deliver societal and commercial benefits. Quantum technologies don’t get quite the same press as artificial intelligence (AI). AI is further ahead in terms of adoption and commercial use and perhaps more understandable to your average person. Quantum physics feels a little more esoteric. I’d say the potential is no less dramatic, however, and we are now starting to see those real-world applications. Quantum technologies will be the backbone of new sensing and imaging techniques and communications systems. I also expect new quantum computing power will speed up drug discovery and the diagnosis of health conditions and solve major challenges across many sectors. I believe the UK is in a very strong position to benefit and now is the time to forge ahead. UK is leading the way in quantum research ... Businesses are starting to adopt quantum technologies ... Now is the time to attract investors So, we have reached a strong point. The government’s new 10-year national quantum strategy and its doubling of investment to £2.5 billion is recognition of that. ... Quantum hubs will get fresh impetus ... Investors need to see certainty before they commit To kick on, we must attract the venture capitalists over the next 10 years of the quantum technologies programme. They need to see certainty around policy when they are making investments that carry a level of risk. The new government strategy and the £2.5 billion investment send a strong signal. ... Working together will get us to where we want to be ..." |
Posted at 07/2/2023 13:42 by plazapokerpro No, no call yet. Reading Peters comments I doubt they ever were going to call. I’m sure I, you, and a million other investors have tried in the past, so there’s no point in trying to chase it up now.I just wanted a round about time regards a relisting and a chance for us holders to get something back after the backing we provided several years ago now. |
Posted at 20/12/2022 14:25 by hedgehog 100 "AccountsNext accounts made up to 31 December 2021 due by 31 December 2022 Last accounts made up to 31 December 2020" Thanks for the invitation, Plazapokerpro. As ITS is due to publish its latest accounts within 11 days (having received a 3 month extension), it might be better if they phone you after that - in the New Year (although you don't control this), which should also enable a fuller 2022 update. These accounts should provide an update on ITS's CQCL stake as at 31.12.21 (we know they had a stake then, but not the size), which since late last year has held a stake in Quantinuum. GOS Systems has apparently been profitable for the three years 2019-2021, so hopefully this has continued in 2022. As regards a liquidity event for shareholders: the reset of technology valuations downwards this year could complicate and delay that somewhat, but I'm still optimistic of something in 2023, when market conditions should have improved somewhat. Another profitable cybersecurity company - Smarttech 247 (S247) - floated last week, at a quite generous valuation for the times, which shows that there is still some investor appetite out there for quality small technology companies. S247's market cap. at its floatation price was about six times its annual revenue last year:- 15/12/2022 13:26 Alliance News Alliance News Smarttech 247 shares edge upwards on first day of trading on AIM LSE:S247 Smarttech247 Group Plc 15/12/2022 07:00 UK Regulatory (RNS & others) Smarttech247 Group PLC Admission to AIM and First Day of Dealings LSE:S247 Smarttech247 Group Plc " ... As announced on 1 December 2022, Smarttech247 has successfully raised gross proceeds of GBP3.67 million for the Company, through a Placing of 12,385,828 new Ordinary Shares at the Placing Price of 29.66 pence per share. Based on the Placing Price, the Company's market capitalisation is approximately GBP36.80 million at Admission. The Admission Document was published on 30 November 2022 and is available on the Company's website www.smarttech247.com . ..." |
Posted at 09/8/2021 17:12 by hedgehog 100 chesycustard27 Mar '21 - 18:04 - 8353 of 8375 0 0 0"So you still believe GOS is the intended vehicle to distribute the encryption keys, if it once was, I am not so sure that is the plan. Our Cqcl holding is roughly a third (no of shares) of what it was in 2016" 23/06/2015 08:30 UK Regulatory (RNS & others) Touchstone Gold Limited CQCL investment LSE:TGL Transglobe Energy Corporation "London, 23 June 2015 - Touchstone is pleased to announce an investment in Cambridge Quantum Computing Limited ("CQCL"). On 15 May 2015, the Company announced a fundraising with the use of proceeds to include the exercise an option to invest in unquoted new ordinary shares in CQCL. The option was granted to TGL in November 2014 for providing professional services regarding several CQCL business development initiatives. Touchstone has now made an investment in CQCL by investing GBP200,000 into new CQCL convertible preferred shares (nil coupon with no final redemption date). The convertible preferred shares are convertible into new ordinary shares of CQCL at a price per share that will be 20% below the price per ordinary share paid by CQCL's expected institutional and other investors in a financing that is currently anticipated to occur in 2015. Based on the expected valuation of CQCL at the time of the forthcoming financing, Touchstone's resultant holding in CQCL will not be expected to represent a significant percentage of CQCL's issued share capital. In addition to Touchstone making the investment, Touchstone investee GOS Systems has been granted exclusive reseller distribution rights over CQCL's forthcoming Quantum Key Encryption ("QKE") products which will be targeted at governments and corporations that have high security requirements. The sales right covers European sales of the products and the products are expected to be available for sale from 2016 onwards. The sales right has been granted for a period of 3 years following the first availability of product. ..." Hopefully we (via ITS) still hold some shares in CQCL. Probably less than 1% of CQCL, but that could still potentially be worth a few million. Plus the value of GOS Systems, and we could potentially get decent amount back. |
Posted at 09/8/2021 16:18 by hedgehog 100 1399Peter 8 Aug '21 - 19:02 - 8372 of 8374 0 0 0"So Honeywell now own CQC, With ilyas still at the helm. So what are the plebs invested in intelicrypt going to get out of it you total shafter." Peter, Honeywell isn't acquiring CQCL. Rather, CQCL is merging with a Honeywell subsidiary: to create a new company: majority-owned (55%) by Honeywell, and the rest (45%) presumably owned by a CQCL holding company. But it's clearly a huge and exciting development, and in due course the new company could well IPO at a potential valuation of billions - as the world’s leading integrated quantum computing company. CQCL's share could be worth a billion. "CAMBRIDGE, UNITED KINGDOM, June 8th, 2021 – Cambridge Quantum Computing (CQ), a global leader in quantum software and algorithms, today announced they have entered into a definitive agreement under which Cambridge Quantum will combine with Honeywell Quantum Solutions (HQS), a Honeywell business unit and maker of the highest performing quantum computer currently available. Honeywell has been an investor in and commercial partner with Cambridge Quantum since 2019. The combination will form a new company that is extremely well-positioned to lead the quantum computing industry by offering advanced, fully integrated hardware and software solutions at an unprecedented pace, scale and level of performance to large high-growth markets worldwide. The new company’s combined expertise will deliver solutions to customers globally as well as spur advances that will accelerate the adoption and impact of quantum technology worldwide. ... Honeywell will be the majority shareholder of the new company, and CQ’s shareholders will own over 45% of the new company. ..." Honeywell itself has a market cap. of 157 billion dollars. Honeywell (HON): |
Posted at 30/3/2021 08:18 by 1399peter Trouble is Singray this lot are not to be trusted obviously. Do you think Ilyas & Co are buying them back because they feel bad about what they have done to investors. I doubt that very much. There is a reason behind it. Perhaps distribution rights, return of equity stake on debt repayment, or just Ilyas planning to IPO CQCL or something related to, (more likely). He is one slippery eel |
Posted at 12/2/2021 07:29 by mark10101 Shows how often I have checked, a big improvement. I spotted the news section also and prompted me to ask when the next investor update was given the last was over 2 years ago. 🤣 |
Posted at 18/3/2020 18:11 by hedgehog 100 chesycustard 19 Nov '19 - 12:56 - 8230 of 8288 0 1 0"I send a query the other day, waiting to hear back. Cqcl raised a lot of money, millions, only this month." chesycustard 23 Nov '19 - 19:19 - 8243 of 8288 0 2 0 " ... I also said Cqcl just raised 60m euro and is doing great. Can we not leverage off this success in other ways? ... " CQCL's 60M. euros fundraising just a few months ago is looking very well-timed, in view of the market crash, and shows what a shrewd operator Ilyas Khan is. Also note that IBM became a strategic investor in CQCL last month: "Cambridge, England, February 10, 2020 - Cambridge Quantum Computing (“CQC”), a leading global quantum computing company, announced today that IBM has become a strategic investor in the company. The investment comes after years of collaboration between CQC and IBM’s quantum computing team." |
Posted at 06/7/2019 14:50 by hedgehog 100 Chesy & Peter,I'm surprised that neither of you have commented upon the above news that CQCL is hiring about twenty new staff. That's the most encouraging news we've had since TGL was delisted a few years ago, because it shows that CQCL is winning massive business, and is very well funded. And if GOS Systems can capture even a relatively small part of that success, then it should have it made. Note that two of the jobs are for Ironbridge, for which GOS has the European distribution rights for three years from the date of launch: • Global Head of Sales (IronBridge Encryption Device) Cambridge Quantum Computing – United Kingdom • Customer Implementation & Relationship Manager (IronBridge Encryption Device) Cambridge Quantum Computing – United Kingdom Also note this statment on CQCL's website: "CAMBRIDGE QUANTUM COMPUTING CQC is a world leading independent quantum computing company that develops architecture-agnosti We are a globally recognised leader in all of our fields including quantum chemistry, quantum machine learning, quantum cybersecurity and quantum software. Our technologies are allowing some of the world’s largest chemical, energy, financial and material science organisations to harness the transformative impact of quantum computing." Focus on the big picture. The ITS website is a relatively minor side issue, but it could be that it's being updated, as there was virtually nothing on it anyway. Though the important ones are CQCL's and GOS's. Or maybe ITS is to be acquired by CQCL, so the ITS website won't be needed anymore? It would make sense for CQCL to acquire GOS Systems, especially if it's planning an IPO. (Note that I haven't spoken to the company recently, and my views are speculation.) AI (artificial intelligence) companies are currently being awarded very high valuations in London, and Ilyas Khan is bound to have noticed that! E.g. Sensyne Health (SENS), which floated on AIM last August. SENS's market cap. at its IPO price of 175p was £225M., which demonstrates investor enthusiasm for this type of company, and the shortage of available stocks. SENS's interim turnover was £39K. 17/08/2018 08:04 UK Regulatory (RNS & others) Sensyne Health PLC Admission to AIM & First Day of Dealings "Sensyne Health plc Admission to trading on AIM and First Day of Dealings Oxford, UK; 17 August 2018: Sensyne Health plc ("Sensyne Health" or the "Company"), a British clinical artificial intelligence company, is pleased to announce that its ordinary shares have today been admitted to trading on the AIM market of the London Stock Exchange under the ticker SENS ("Admission") and ISIN GB00BYV3J755. Admission details: -- The Company has successfully raised gross proceeds of approximately GBP60 million through an oversubscribed placing of 34,285,714 ordinary shares at a placing price of 175 pence per share. -- On Admission, the Company will have 128,571,514 ordinary shares in issue. -- Peel Hunt LLP is acting as Nomad and Broker to the Company. Lord (Paul) Drayson, CEO of Sensyne Health, commented: "Today marks an important milestone for Sensyne Health. The strong support from institutional investors for our IPO will enable us to grow our team of highly skilled clinicians, data scientists and software developers to use the power of clinical AI to improve patient care and accelerate the development of new medicines. Our evolution into a public company has already stimulated further business development interest in our work and we are delighted to begin life as a plc on the London Stock Exchange. I would like to thank both our existing investors and new investors for sharing in our vision and for providing us with the resources to make the vision a reality over the next few years." " |
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