Transglobe Energy Share Discussion Threads

[hedgehog 100] 27/3/2021 17:19

chesycustard 24 Mar '21 - 09:43 - 8337 of 8350 0 1 0
"The offer unfortunately is very low, 0.00037p per share as I understand it. Valuing the co at a few hundred k. I said its quite low considering we are breakeven, have an annual turnover a million plus and have out CQCL shareholding. I get the feeling Shanhill capital want out and their debt repaid. The offer seems too cheeky."

Chesy,

Why now? Stanhill have kindly provided that loan for years, so why would they suddenly 'pull the plug'? If they'd wanted to do that they could have done so years ago.

Also, why would Peterhouse be offering to buy your shares? That in itself wouldn't repay Stanhill's debt, just transfer some share ownership.
Even if Peterhouse bought Stanhill's stake too, at the price offered to you, the payment to Stanhill would be less than their loan.

Could it be that Peterhouse are simply trying to pick up the 'low-hanging fruit' ahead of a full takeover later (e.g. by CQCL) at a much higher price?

[hedgehog 100] 27/3/2021 16:56

chesycustard24 Mar '21 - 20:56 - 8345 of 8349 0 3 0
"Thanks for that stig. Gloating as always. We don't have to accept the offer though. The last accounts have net assets 3.5x that offer."

Thanks Chesy.

Technology companies are usually valued at multiples of net assets, not fractions of net assets.

And regarding the linkages here.

Well, Ilyas Khan is a former head of Peterhouse.

And Charles Goodfellow is a former director of Touchstone Gold:

22/04/2014 06:02 UK Regulatory (RNS & others) Touchstone Gold Limited Placing, director change, strategy & TSX delisting
" ... Charles Goodfellow (aged 56) - Non-Executive Director
Charles Edouard Goodfellow is a corporate broker with over 25 years' experience of fund raising for small and mid-caps and private companies across a range of sectors and jurisdictions. He is a director of Acorn Minerals plc, a company listed on the Standard segment of the Main Market of the London Stock Exchange, and is also a director of AIM listed Mentum Inc. ..."

[1399peter] 27/3/2021 15:14

Peterhouse capital Group, 2019 loss of £100k on a turnover of £2.2m. Net assets of £3.2m.

[chesycustard] 26/3/2021 21:33

I would not like to comment. Apologies.

[1399peter] 26/3/2021 15:11

Chesy,

Charles Goodfellow at peterhouse capital, do you think he is acting on behalf of Khan or friends of. Something fishy going on.

[krr13] 25/3/2021 07:44

Yes that offer price is low compared to net assets. I won't be selling my shares at that price.

[chesycustard] 24/3/2021 20:56

Thanks for that stig. Gloating as always. We don't have to accept the offer though. The last accounts have net assets 3.5x that offer.

[the stigologist] 24/3/2021 15:47

ah a reverse 20 bagger

krr13 5 May '15 - 15:25 - 5020 of 8343

This will be why there are no shares - trades on ISDX:

05/05/2015 15:28 500,000 @ 0.692
05/05/2015 12:25 119,412 @ 0.68
05/05/2015 10:03 177,596 @ 0.669

[the stigologist] 24/3/2021 15:45

how does 0.037p compare with the delist price ?

[chesycustard] 24/3/2021 15:26

Pound sign in front of that

[chesycustard] 24/3/2021 15:25

Correct £0.00037

[muckshifter] 24/3/2021 10:49

I think you mean £0.00037 rather than 0.00037p per share chesycustard, as the pence alternative would value the company at just over £2,500, iirc.

[mark10101] 24/3/2021 10:22

Hi Cheesy, that is cheeky, even moving the decimal place would not tempt me....

[chesycustard] 24/3/2021 09:48

We are probably better holding on, maybe under a new owner things improve, also the Cqcl exit event is always on the cards. My value would be immaterial as I calculate it, haven't had the offer email yet though

[chesycustard] 24/3/2021 09:43

The offer unfortunately is very low, 0.00037p per share as I understand it. Valuing the co at a few hundred k. I said its quite low considering we are breakeven, have an annual turnover a million plus and have out CQCL shareholding. I get the feeling Shanhill capital want out and their debt repaid. The offer seems too cheeky.

[chesycustard] 24/3/2021 09:41

Guys we have an offer for our shares from a buyer, if you want the email, drop an email to Charles Goodfellow at peterhouse capital. [e-mail]

[mark10101] 12/2/2021 07:29

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. 🤣

[rtf777] 12/2/2021 00:43

It's been like that for a long time. If you look at the news section, the most recent item is from 2018.

[mark10101] 12/2/2021 00:01

It has been a while since I looked at GOS’s website and it seems to have made a big leap forward.

[hedgehog 100] 03/2/2021 18:22

"GB44224 Jun '15 - 23:43 - 6012 of 8331 0 1 0
Quantum computers will change our lives – but how quickly?
24 June 2015
... Khan and Harrow recently joined forces at a Town & Gown debate hosted by CJBS to argue that quantum computers are soon going to be affecting our everyday lives. Arguing the other side, in front of an audience of 300 and including guest of honour Stephen Hawking, was Dr Hermann Hauser, serial entrepreneur and co-founder of Amadeus Capital Partners. ..."



Interesting to see that Hermann Hauser now appears to be more bullish on quantum computing than six years ago. -

"Cambridge quantum computing start-up targets global expansion

Riverlane aiming to lead advances in cutting edge technology

Daniel Thomas in London JANUARY 25 2021

A quantum computing start-up spun out of Cambridge university has completed its first significant fundraising to help accelerate its global growth.

Riverlane is part of the vanguard of British start-ups aiming to lead advances in the cutting edge technology. It is developing software to help people use these advanced computers for practical purposes, boosting chances of turning the experimental technology into commercial products.

The start-up is backed by Arm co-founder Hermann Hauser’s Amadeus Capital. On Monday, it will announce its first major fundraising, attracting $20m from existing owners including University of Cambridge as well as Draper Esprit, the listed venture capital investment firm. ..."

[chesycustard] 31/1/2021 10:08

Only my email with Trevor about 6 months ago, I will follow up with him next week

[mark10101] 31/1/2021 09:39

When I spoke to Waseem last year he was adamant that intelicrypt was holding its value primarily because of our CQC holding which he acknowledged was increasing in value. However I wrote to Waseem 3 times end of last year and then Richard and got no reply.

Has anyone else had any luck speaking with the company?

[1399peter] 31/1/2021 09:06

Missed that one, I suppose it's something. Obviously not looking good either way.

I see CQC is moving along very well, shame Ilyas can't share some of that success with intelicrypt, Once described as a so called sister company by one of em.

[rtf777] 30/1/2021 23:28

Yes, you're right. The domain name is just parked now, with advertising links. We don't even know if the company owns it any more. Completely moribund. However it was Intelicrypt Services Ltd which narrowly avoided being struck off, not Intelicrypt Tactical Solutions Ltd, which is our company. TGL Services (UK) Ltd is still live as well. The three are in a cross-ownership setup with common directors. An absolute disgrace.

[1399peter] 29/1/2021 13:19

Looks like the website is no more and the company just avoided being struck off, companies house filing.