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TGL Transglobe Energy Corporation

295.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Transglobe Energy Corporation LSE:TGL London Ordinary Share CA8936621066 CMN SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 295.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
280.00 310.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 295.00 GBX

Transglobe Energy (TGL) Latest News

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Transglobe Energy (TGL) Discussions and Chat

Transglobe Energy Forums and Chat

Date Time Title Posts
06/5/202420:43TGL - A Quantum Leap - $26 Billion Market - Ј2m Mk cap8,509
15/10/201916:06TransGlobe Energy - Oil Producer Egypt/Canada1
11/12/201820:35Transglobe Energy101
07/8/201807:26Still time to look at TransGlobe Energy (TGL)-
05/7/201813:05TGL-

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Transglobe Energy (TGL) Top Chat Posts

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Posted at 06/5/2024 08:13 by mark10101
Plaza, if you write in a similar style as above I am not surprised your email was ignored.

Not sure where you got $29 a share from, but 1-2p is very possible currently and could be more if Quantinium is eventually listed at an higher valuation and provides an opertunities to re distribute to ITS holders.
Posted at 05/5/2024 23:17 by plazapokerpro
So if the $29 a share is being written about, you’d think my email to Charles offering my whatever I have I forgotten again amount of shares I own that he’d snap my hand off for such a bargain. So with no reply to the email sent, it kind of tells you we are absolutely nowhere near close to anything. Which is a shame considering the almost 10 years of holding. Ahhhh well, back to my crypto addiction.

Stay Safe Y’all

Plaza
Posted at 05/5/2024 17:22 by divmad
Any updates, anyone? Is TGL still a going concern, with paid employees? Does it have IP that is saleable?
Posted at 12/2/2024 13:39 by hedgehog 100
Hedgehog 100 29 Jan '22 - 12:26 - 8394 of 8482 Edit 0 0 0
" ... So it appears that ITS's GOS Systems has just had its third consecutive year of profit, i.e. 2019-2021. ..."



That was the latest GOS profitability info. posted on this thread. (And the last GOS Systems AGM was in January 2019.)

But it seems reasonable to think that 2022 and 2023 could well have been profitable as well, which would make five consecutive years of GOS Systems profitability.

And we (i.e. ITS, formerly TGL) own GOS Systems 100%.

So a pre new money valuation of say c. £10M. for GOS could equate to say c. 1p per ITS (TGL) share diluted.


In contrast, we have a much smaller percentage of CQCL-Quantinuum, but it has a much larger valuation, to balance that.

We could have up to say c. a half of a percent of CQCL, so if CQCL was valued at c. £2Bn., this could also be worth up to c. £10M. to us.


So as you say Mark, this could add up to c. 2p/share now.

Which would represent a multibagger from the suspension-delisting share price of 0.525p.


And I would agree that the share price of CQCL looks like it has probably risen by somewhere in the region of c. 100-fold since we acquired our stake in June 2015.

23/06/2015 07:30 UK Regulatory (RNS & others) Touchstone Gold Limited CQCL investment LSE:TGL Transglobe Energy Corporation


There's a satisfaction in that fact alone, i.e. probably being part of a c. 100-bagger, albeit indirectly.

And congratulations and thanks are in order to Ilyas Khan, for creating such a great British success story as CQCL.

If Quantinuum was listed in Britain at its latest valuation, it could be in the FTSE 100.


It's been a long wait, of nearly nine years, since TGL was suspended, but it looks like we are now on the home straight, relatively speaking, towards a return of some sort.
Posted at 11/2/2024 14:24 by hedgehog 100
"January 16, 2024

Honeywell Announces the Closing of $300 Million Equity Investment Round for Quantinuum at $5B pre-money valuation

JPMorgan Chase, Mitsui, Amgen and Honeywell make investment to support Quantinuum’s growth and innovation"




"Honeywell Announces the Closing of $300 Million Equity Investment Round for Quantinuum at $5B pre-money valuation

January 16, 2024

Source: PRNewswire | News Provided By Honeywell International Inc.

JPMorgan Chase, Mitsui, Amgen and Honeywell make investment to support Quantinuum’s growth and innovation

‍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. ..."




Thanks for flagging up this very positive news Peter.

Yes Mark, I'm more optimistic than ever after this that we should get back something quite significant here.

CQCL had 45% of Quantinuum, so that's 45% of a pre new money valuation of US$5 billion: i.e. US$2.25 billion: equating to c. £1.785 Billion.

As regards our share of this, see this extract from my 12th. December 2021 post above:-

Hedgehog 100 12 Dec '21 - 11:32 - 8385 of 8476 Edit 0 0 0
" ... As at 31.12.20 ITS still retained c. a third of their original holding: with dilution this could be up to say c. a half of a percent of CQCL.
If CQCL was valued at c. £1Bn., this could be worth c. £5m.
Say c. 0.5p per ITS (TGL) share diluted.
+ ITS has its GOS Systems asset."


For comparison, remember that TGL was suspended at a price of 0.525p/share (on 1st. July 2015!)
Posted at 11/2/2024 13:50 by mark10101
Hi HH, do you have any hope of a good outcome here? £5b is a stunning valuation given the £8.3m from when we received the shares. Surely IK’s holding and support of TGL is a good result for him also if this comes good.
Posted at 11/2/2024 11:27 by mark10101
The other reason I held was for IK’s involvement, he had a big holding and it has been in his interest to get TGl through this tough patch.

hxxps://www.jbs.cam.ac.uk/people/ilyas-khan/

It is interesting most the feedback recently has been they want to buy our shares, that is a big positive for us. Maybe we should be asking how we buy more TGL shares.
Posted at 11/2/2024 11:12 by plazapokerpro
@1399 Peter,

When I got in touch with the same people they to asked for proof of my shares. Once I did that they said they would help me to sell my shares and then never sent another email despite me sending up to 5 emails afterwards.
I found that itself strange and then thought how easy would it be for them to take the shares from the information I give them, like simply swapping them over to themselves some how. I don’t know exactly how it works, but I did make sure I did not show the exact amount or my full address. The fact they never got back to me after showing my proof was and still is worrying, but what can we do, sweet F A.

If I could and get a decent price, I would sell my TGL shares and move on, but then, what’s a decent price. We can’t even value or attempt to guess at what price is likely to be good value. The lack of interest from TGL or whoever towards us, tells me we are just nothing, not even an afterthought. Yes I’m sure we have some rights but does anyone really think we are going to kick up a fuss and be heard, I doubt it. Besides, it’s been 10 years or so already, how much longer before we start dying off and unless our next of kin are fully up to speed, our shares would be just a waste of a tree and binned when the clearance of our belongings takes place.

We need to start making a noise, remind them we are still here and have been for nearly decade. Tell us what we are worth and how much longer. Meh, what’s the point.
Posted at 11/2/2024 10:34 by mark10101
Hedgehog 10018 May '15 - 17:35 - 5478 of 8466
0 4 0
mark10101 15 May'15 - 18:52 - 5270 of 5476 0 0
"Where is Hedge, for all his encouraging evening posting he misses this one :-)"


Just logged on for the first time since about 5p.m. on Friday ... WOW!!!

15/05/2015 17:15 UKREG Touchstone Gold Limited Issue of Equity
" ... This is necessary due to a greater than expected increase in the customer base, in particular outside of the United Kingdom.
... projected sales of the newly enhanced tactical intelligence platform for international clients are now expected by management to form a greater percentage of Company revenue in this financial year than previously expected. ...
... Touchstone's resultant holding in CQCL is not expected to represent a significant percentage of CQCL's issued share capital. ..."



Haven't yet had time to read the over 200 new posts since the RNS three days ago, but I'm sure that the many great posters here have done it justice, and I may be repeating some points already made.


TGL's anticipated "non-significant" CQCL holding means less than 3%.
hxxp://www.blplaw.com/expert-legal-insights/articles/changes-to-the-aim-rules-disclosure-of-significant-shareholdings/

TGL will be paying £200K. for a £250K. stake, so the anticipated value of CQCL after that must be at least £8.33M.
The perfect size for a RTO of TGL, which is what I believe will happen.


The stuff about TGL implementing its investing policy is I believe just a 'box ticking' exercise, as the acquisition of GOS Systems is clearly far more substantial than some RTOs.

And Stanhill have a good relationship with the LSE, which is shown by the fact that the LSE allowed ZOL (Zoltav Resources) an extra week of suspension last year to complete a major acquisition.

Of course there may be a share suspension of TGL first, but I personally would welcome that.

Accompanied, I believe, by a RTO by CQCL in the second half of this year.
Posted at 11/2/2024 10:03 by mark10101
What is the earliest valuation we have when we invested £200k, they said we would not have a significant percentage, but fraction of a percent would be very good at this latest valuation. It was a while after we got the shares that they got a £50m injection. So suspect we invested in under a £50m MCAP. So £50m to £5b so a 100 bag.

We just have to work out have many shares we have left and what the current CQC share price is. But depending on dilution could be £10m?
Transglobe Energy share price data is direct from the London Stock Exchange

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