Transglobe Energy Share Discussion Threads

[mark10101] 09/7/2019 14:58

Thanks HH, the elements we all invested back in 2015 look to be coming together, let’s hope there is some good news for us shareholders soon. Thanks for your input.

[hedgehog 100] 09/7/2019 14:31

Yes that's right Mark.

CQCL's generating true randomness numbers was the vital precursor for CQCL's Quantum Key Encryption ("QKE") product Ironbridge -

23/06/2015 08:30 UKREG Touchstone Gold Limited CQCL investment
" ... 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.
The Directors believe that QKE products will become essential for sensitive communications as soon as the requisite infrastructure is developed. Countries as diverse as China, Russia, the United States of America and the United Kingdom are investing heavily in quantum technologies, and quantum cryptography is a vital aspect of the motivation for these investments. Given the advantages that quantum cryptography will have over classical systems of secure communications, governments and security agencies will be an important and large market.
GOS is an established supplier to law enforcement and security agencies in UK, Europe, Middle East and South Asia. GOS's established customer network and market expertise is capable of driving sales of CQCL's forthcoming QKE products, and supports GOS's strategy of capitalising on the increasing demand for secure communication products. ... "


"Certified True Randomness Created by Cambridge Quantum Computing
Cambridge Quantum Computing
28 Jul, 2017, 17:32 BST
"… The most critical component in any quantum technology or quantum computing based communications methodology is the ability to generate random numbers. All quantum key distributions will require such basic ingredients.
There has, until now, been no true "certified" randomness in the world, and even primitive quantum mechanical based random number generators are not device independent or certified. Cambridge Quantum Computing has invented a certified true randomness generation protocol that is device independent. ...
The company said "Having spent a number of years perfecting the research basis for RNG, we are in the early stages of commercialising this essential technology that in many ways has for decades been the 'holy grail' for quantum communications." …"



Generating true randomness numbers has long been the holy grail of encryption ... and our 'sister company' CQCL has cracked it.

The best quote to describe 'true randomness encryption' comes from KiwiMonk:

KiwiMonk 16 May '15 - 20:30 - 5297 of 8201 2 0
" ... Then add an UNBREAKABLE solution....to keep data encrypted between parties.
silver bullet stuff.
Name their price now. ..."


Note that organisations need to 'future-proof' their encrypted communications NOW against FUTURE code cracking by quantum computers.

[mark10101] 07/7/2019 18:49

HH, is the piece above on Ironbridge linking to CQC ability to create the worlds first Certifiable random number.

[1399peter] 07/7/2019 17:30

Hopefully the next few months will prove to be a bit more interesting

[hedgehog 100] 07/7/2019 11:53

ITS sold just 17% of its holding in Cambridge Quantum Computing Ltd. (CQCL)in 2017, so we still retain the vast majority of our holding. We therefore have a direct exposure to CQCL's success, not just an indirect exposure via GOS Systems.

And you can't get much more state of the art than Ironbridge: "the world’s first commercially available certifiable Quantum Cryptographic Device".

The reasons why Ilyas Khan awarded the European distribution rights to GOS Systems remain valid (as indeed does that contract, unless CQCL wish to buy it out - investors into TGL bought in and/or held on that basis).

P.S. Thanks Mark.

[rtf777] 06/7/2019 21:11

I see that the intelicrypt website (intelicrypt.com) has been hacked since at least the 27th of May.

[chesycustard] 06/7/2019 20:57

All that sounds great, if, we are the intended distribution company for cqcl products/tech. I think we definetly were but I am not sure of that anymore. GOS may not be state of the art any longer, added to that we have sold some of our shares in cqcl. Trying to remain positive but things have definitely not gone as they intended, that much is obvious.

[mark10101] 06/7/2019 19:29

Good to hear from you HH, it is clearly and exciting space atm, we have all the right ingredients and the reason I invested 4 years ago appear to be bearing fruits. Lets just hope ITS comes back strong in the coming year and we get a slice of the action.

[1399peter] 06/7/2019 18:46

Hedge,

The CQCL hiring is a great sign for CQCL no doubt, if that translates into anything for our investment then that would be fantastic. However we do ultimately have ITS shares in our accounts and not GOS, so that is slightly concerning to me anyway.

[hedgehog 100] 06/7/2019 14:50

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-agnostic, enterprise quantum solutions to tackle some of industry’s most intriguing challenges.
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." "

[1399peter] 05/7/2019 19:50

Hedge,

Any ideas as to what's happened to the ITS website

[chesycustard] 05/7/2019 07:23

Hedge have you spoken to Idris recently?

[hedgehog 100] 04/7/2019 12:46

Ray,

Here's something that isn't hush hush and top secret.

Cambridge Quantum Computing Ltd. are currently hiring for about twenty jobs!


From the Glassdoor recruitment website:

"Cambridge Quantum Computing Jobs

Senior Machine Learning Scientist / Deep Learning / Research Scientist
Cambridge Quantum Computing Ltd – London, England

Marketing & PR Manager
Cambridge Quantum Computing Ltd – London, England

Junior Trade Operations Developer
Cambridge Quantum Computing – Victoria, England

Junior Software Developer
Cambridge Quantum Computing – Victoria, England

Global Head of Sales (IronBridge Encryption Device)
Cambridge Quantum Computing – United Kingdom

Customer Implementation & Relationship Manager (IronBridge Encryption Device)
Cambridge Quantum Computing – United Kingdom

Senior Machine Learning Scientist / Deep Learning Scientist / Research Scientist
Cambridge Quantum Computing – United Kingdom

Software Quality Assurance Specialist
Cambridge Quantum Computing – Cambridge, East of England, England

Senior Optical/Photonics Engineer
Cambridge Quantum Computing – Chessington, England

Server Engineer
Cambridge Quantum Computing – Chessington, England

FULLY FUNDED PHD STUDENTSHIPS
Cambridge Quantum Computing – United Kingdom

DATA ENGINEER
Cambridge Quantum Computing – London, England

Quantum Cryptography Researcher / Quantum Research Scientist
Cambridge Quantum Computing – Chessington, England

QA Tester / Software Quality Assurance Specialist
Cambridge Quantum Computing Ltd – Cambridge, East of England, England

Photonics Engineer (Production)
Cambridge Quantum Computing – Chessington, England

Embedded Software Engineer
Cambridge Quantum Computing Ltd – Chessington, England

Quantum Machine Learning Internship
Cambridge Quantum Computing Ltd – London, England

Quantum Machine Learning Scientist
Cambridge Quantum Computing Ltd – London, England

Quantum Cryptography / Quantum Research Scientist / Cryptographic Analyst
Cambridge Quantum Computing – Chessington, England

Software Developer
Cambridge Quantum Computing Ltd – Chessington, England"

"20 Cambridge Quantum Computing jobs, including salaries, reviews, and other job information posted anonymously by Cambridge Quantum Computing employees"




All but two of the above are also on CQCL's own website:

[singray105] 01/7/2019 22:07

Its all been a mystery to me this outfit, and there are so many things that they say are hush hush and top secret! They can't even put the business up for sale or get a business partner/joint venture going because they say that they can't disclose anything. Madness.

[1399peter] 21/6/2019 20:22

Interesting post that ih, not an easy read it has to be said but good news for Quantum

[ih_158036] 21/6/2019 16:48

hxxps://www.scientificamerican.com/article/a-new-law-suggests-quantum-supremacy-could-happen-this-year/

[1399peter] 20/6/2019 18:59

kind of figures

[ih_158036] 20/6/2019 14:22

I notice that the Intelicrypt web site no longer exists.

[hedgehog 100] 17/5/2019 14:16

Thanks.

Another exciting aspect of CQCL is the convergence of artificial intelligence and quantum computing:

"CAMBRIDGE, United Kingdom, May 15, 2019 —We provide an overview of Quantum AI and Machine Learning, the synthesis of AI and quantum computing. Whereas conventional Machine Learning is based on probabilities, its quantum counterpart replaces these with amplitudes resulting in a much more sophisticated decision-making. Potential applications include financial analysis, pharmaceutical design, and autonomous driving."



In view of the market enthusiasm for AI stocks, this won't harm CQCL's valuation at all.

One AI stock, Blue Prism (PRSM), has more than 20-bagged since it floated on AIM in 2016 at 78p, to its current share price of 1,790p (market cap. £1,371.5M.)

The company is currently valued at nearly twenty five its annual revenue of £55.2M., despite a pre-tax loss of £26M.

Earlier this year PRSM raised £100M. in a placing, which is a sign of investor enthusiasm for AI stocks:

24/01/2019 10:41 UK Regulatory (RNS & others) Blue Prism Group PLC Result of Placing
" ... The Placing was conducted by way of an accelerated bookbuild. The Bookbuilding Process has now closed and the Company is pleased to announce that a total of 9,090,910 Placing Shares have been conditionally placed by Investec with certain existing and new institutional investors at an issue price of 1,100 pence per share (the "Placing Price"), raising approximately GBP100.0 million (before expenses) for the Company. ..."



There's an interesting "ARTIFICIAL INTELLIGENCE" thread on ADVFN for those interested:

[moormoney] 16/5/2019 01:04

Yes good luck to us all. Thanks hedgehog

[1399peter] 15/5/2019 21:32

Good to see you back Hedgehog, I did laugh when you said think of it as a pension. Some of us are already there. So perhaps it will be more like probate when we do get there LOL. Good luck to us all,

[firefly bill] 14/5/2019 16:43

Totally respect that and wouldn’t want to compromise anything at all. Was just asking your opinion on whether you think they might possibly use the quantum technology within the GOS platform. I have thought this for a while now and was wondering if we were on the same page? I can see vast potential here.

[hedgehog 100] 14/5/2019 16:30

Yes. GOS Systems have the European reseller distribution rights for three years from the date of launch.
And Ilyas Khan has large shareholdings in both CQCL and here.

But for commercial reasons they may wish to keep their cards close to their chests, so its probably best to respect that.