Transglobe Energy Share Discussion Threads

[mark10101] 22/8/2022 20:41

Peter, it does feel we are long over due. Has anyone contacted the company recently?

[1399peter] 17/8/2022 14:24

Mark,

isn't it about time Idris or Iliyas made a statement or gave the long suffering shareholders an update and an idea of future plans.

[mark10101] 12/7/2022 23:38

Our registered office moved late last years, some interesting other names registered there also.

[plazapokerpro] 19/6/2022 00:45

Hey peeps.

I had a random letter drop through the mailbox with my Intelicrypt share certificates inside. I was with SVS for my broker who went into administration years ago now and this is the first I’ve had anything back. I remember all about this quantum computer and Mr Khan but I completely forgot about it until the certificate dropped on my floor last week.
From what I can gather, TGL shares were converted to Intelicrypt shares but delisted or were never listed. We own GOS and have a very small stake in CQCL if that’s the correct abbreviation, but little hope of getting anything back from the half percentage point we hold. But the last post mentioned someone who is interested in buying our shares, but mentioned no price. I ask because I have no idea what is a good price for the shares I hold. I know I’m not going to be able to retire from the sale should I sell, but having some idea of price would help me to barter. So how much should we be looking for per share?

Plaza

[hedgehog 100] 26/5/2022 11:19

chesycustard 24 Mar '21 - 09:41 - 8336 of 8395 0 2 0
"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]"


Charles Goodfellow is of course 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. ..."



And he is now a director of a new shell that floated on 4th. March this year (at 1p):

More Acquisitions (TMOR) 0.975p Market cap. £1.22M.





TMOR's stated focus is on a different area to GOS Systems' tech security business, but that won't be set in stone, and could be changed, e.g. to take account of changing market conditions.

And the investment appetite for green energy investments, especially loss-making ones, seems to have declined significantly over the last few months.

A profitable tech security business like GOS Systems might be a more attractive proposition.


From TMOR's website:

"Our focus will be investing in a business or businesses which are developing and/or supporting the energy transition, which is the global energy sector’s shift from fossil-based systems of energy to renewable sources, such as wind and solar and lithium-ion batteries."

[mark10101] 30/1/2022 22:00

Thanks for the update guys.

[hedgehog 100] 29/1/2022 12:26

chesycustard 30 Jan '20 - 11:43 - 8275 of 8393 0 1 0
"Hedge you need to give waseem a call from stanhill, I spoke to him in November. It will give you some clarity. Previously I had spoken to Idris a few times. The business is making a small profit. The Keys are still a little while off but I don't think GOS is now the vehicle to distribute them unfortunately (my impression). Call him and let me know if you concur. Where we get some good value down the road from our cqcl shares, remains to be seen."


Thanks for your updates Chesy.

So it appears that ITS's GOS Systems has just had its third consecutive year of profit, i.e. 2019-2021.

Thanks and well done to the team for achieving this stellar result, and during the pandemic as well.

Surely the business is now at a level where it could return to market, so perhaps 2022 could finally be the year.

[1399peter] 29/1/2022 11:01

Thanks for the update chesy, Did he say anything about stanhill returning Rest of our cqcl stake once debt is paid off.

[chesycustard] 28/1/2022 19:06

I heard back from Trevor, I encourage emailing him.- ITS doing well, now profitable- Unilikely to have futher partnership with Cqcl but Its remain a shareholder.

[chesycustard] 27/1/2022 19:28

Coincidentally i emailed the co at the start of the week, not heard back yet

[moormoney] 27/1/2022 18:48

Good to see posts appearing again I had given up on this one but now more hopeful.

[mark10101] 27/1/2022 17:01

That’s funny, I saw the BBC article but did not read it as it reminded me I had not checked in on here for a while. So I dropped in to check and see the article, which I have now read 🤣

We must be getting near another attempt by someone to work out where we are with things. Our CQC share must be getting pretty valuable now, I wonder if we have any left….

[fovargue] 27/1/2022 08:41

A familiar name appears in this BBC article about quantum.

[1399peter] 19/12/2021 09:38

hxxps://cqwbkpro.s3.eu-west-2.amazonaws.com/wp-content/uploads/2021/12/06210604/CQ_QUANTUM_ORIGIN_PRESS-RELEASE.pdf
Will this be a way to avoid any ITS involvement?

[1399peter] 12/12/2021 14:55

Hedgehog,

I would like to see ITS share of CQCL returned once debt is settled with Stanhill

[hedgehog 100] 12/12/2021 11:32

"INTRODUCING QUANTINUUM
The World’s Largest Integrated Quantum Computing Company

PUBLISHED ON 30.11.2021

Press Release

Quantinuum is a result of the combination of two global leaders in quantum computing: Honeywell Quantum Solutions and Cambridge Quantum

The two leading companies in the quantum computing industry have combined to create Quantinuum, thereby accelerating the development of quantum computing and innovation of quantum technologies in a platform agnostic manner to deliver real-world quantum-enabled solutions for some of the most intractable problems that classical computers have not been able to solve.

Cambridge Quantum, the pioneer in quantum software, operating systems, and cybersecurity, and Honeywell Quantum Solutions, which has built the highest-performing quantum hardware, based on trapped-ion technologies, today announced they have satisfied all of the conditions required to close the business combination and formed the new company, now called Quantinuum.

“Quantinuum is now the largest and most advanced integrated quantum computing company in the world,” said Ilyas Khan, CEO of the new company and founder of Cambridge Quantum. “By uniting the best-in-class quantum software available with the highest performing hardware available, we are uniquely positioned to bring real quantum computing products and solutions to large, high-growth markets in the near term, the medium term and the longer term as quantum computers scale in capacity and quality. We are science led and enterprise driven, and our scale and global presence in this most critical of technologies will provide leadership in each of the key areas that constitute the ‘must haves’ for quantum computing to deliver real-world solutions to all our customers and partners.”

Quantinuum will globally launch a quantum cybersecurity product in December 2021, and later in 2022, an enterprise software package that applies quantum computing to solve complex scientific problems in pharmaceuticals, materials science, specialty chemicals and agrochemicals. It will also announce major upgrades to the System Model H1 hardware technologies Powered by Honeywell®, which has the highest measured quantum volume as well as industry breakthroughs that reduce errors, thereby continuing to progress credibly towards the development of a fault-tolerant quantum system. In this respect, the H-Series quantum computers continue the trend of meeting and exceeding the deliverables that the company has previously committed to as part of its hardware roadmap.

“I am thrilled to help lead our new company, which will positively change the world through the application of quantum computing. Our scientists continue to work hard to develop the best quantum software and hardware technologies available and I am excited to be able to offer these to customers on an ongoing basis,” said Tony Uttley, President and Chief Operating Officer of Quantinuum. “The next few weeks and months are going to be extremely active for Quantinuum, as we increase the pace in deriving unique value from today’s quantum computers especially in cybersecurity. However, in addition to cybersecurity, our products will include solutions for drug discovery and drug delivery, materials science, finance, natural language processing, as well as optimisation, pattern recognition and supply chain and logistics management.”
Quantinuum comes into existence six months after Honeywell announced that Honeywell Quantum Solutions, its quantum computing division, would separate from the company and combine with Cambridge Quantum. Honeywell will initially be the largest shareholder of Quantinuum, with an approximately 54 percent ownership stake in the new company. Additionally, on top of this stake, Honeywell has also invested nearly $300 million in the new venture, ensuring that Quantinuum is well capitalised at inception. Honeywell will also be a supplier of Quantinuum, supporting the manufacturing process for the company’s proprietary ion-traps, as well as a customer of Quantinuum on various projects across its business units.
Quantinuum has a staff of almost 400 at inception, with offices in the United Kingdom, United States, Japan and Germany. Of those employees, approximately 300 are scientists advancing the development of quantum hardware and software solutions.

Quantinuum will maintain European headquarters in Cambridge, UK and North American headquarters in Colorado, USA. The company will continue to be entirely platform agnostic in its choice of hardware to provide total portability to its clients and ensure the most effective performance for the problems being solved."




Thanks Peter, exciting stuff.

I wouldn't be surprised to see Quantinuum floating in the medium term, which is good news for us.


As at 1.7.16, ITS held 3,071 ordinary CQCL shares: c. 2.9% of the ordinary shares in issue.
- Albeit preferred shares would reduce this percentage to c. 2.5%.


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.

[1399peter] 11/12/2021 16:30

Quantinuum

hxxps://cambridgequantum.com/quantinuum/


Worth a read, very interesting times ahead. Hopefully we might see a bit of it.

[chesycustard] 03/10/2021 18:51

Taken the word investments from under fixed assets. That's always what I believe is put CQC share holder. At least not dropped again.

[hedgehog 100] 03/10/2021 14:51

"INTELICRYPT TACTICAL SOLUTIONS LIMITED
Company number 09935301"

"28 Sep 2021 Micro company accounts made up to 31 December 2020
View PDF Micro company accounts made up to 31 December 2020 - link opens in a new window - 5 pages(5 pages)
Download iXBRL"




ITS's latest accounts have been published.

They're showing little change on the year: the main change being a £80K. increase in net current assets, to £793,045.

[1399peter] 21/8/2021 21:53

I would say Honeywell have a got themselves a very good deal. It will take a US company and money to make this global no doubt. It's a shame the UK ii's don't have that mentality.

[1399peter] 13/8/2021 13:50

Hedge,

This Trevor wells seems to have his finger in a few pies, with lots of dissolved companies behind him.

And you might have guessed by now I have absolutely zero faith in Mr khan, at least until he proves otherwise.

I question whether he has any intention of letting ITS or GOS have a sniff at the
CQC / Honeywell venture.

[hedgehog 100] 13/8/2021 13:10

Peter,

Intelicrypt Tactical Solutions Limited is just a holding company, of GOS Systems and some CQCL shares (if they haven't all been sold), and there was virtually nothing on the website anyway.

The GOS Systems website is the important one:

[1399peter] 12/8/2021 16:46

Mark

I certainly wouldn't give Khan all the credit for where CQC finds itself. Khan is surrounded by a very clever group of people that have made it possible.

I am Personally disappointed at the years of contempt shown towards the very people that invested in the idea of CQC in the first place.

I seriously doubt we will hear anything about this from ITS. They no longer have a website, or even a blog or a Twitter account