Transglobe Energy Share Discussion Threads

[plazapokerpro] 15/12/2022 19:51

I have a phone call arriving very soon from the TGL now ITS after I emailed again asking why they are not replying to my emails after they said, they would help with the sale of my shares.
Obv, after Hedge explained about the potential, I have no interest in selling for peanuts now, but I am not passing up an opportunity to speak to them.

So, is there anything anyone wants me to ask them when they do phone which should be next week which will be the week leading up to Christmas. Like mentioned in my previous posts, I’m clueless with all this stuff and so, I’m asking what’s the best questions to put to whoever phones.

My first question will be, if and when they intend to relist on a stock exchange so share holders can buy more shares (you like how I said that and not say about selling shares…) But apart from that, what else would anyone like to know. I guess I could ask about our percentage in that Quantum computer company and how do we get value from our shares within that company.

So please, let me know if anything you’d like to know.

Plaza

[moormoney] 25/11/2022 16:05

We are all hoping for good news eventually.🤞

[divmad] 25/11/2022 15:46

Fingers crossed then. As long as my SIPP provider doesn't delete my entry after all these years, I can wait.

[hedgehog 100] 25/11/2022 14:50

I'm very confident, Divmad, that we should get significant value back here by some means.

How that would happen remains to be seen - we could get value back in another form to the relisting of ITS.

[divmad] 25/11/2022 14:44

How confident are you, Hedgehog, that our shares in ITS will ever get re-listed?

[hedgehog 100] 25/11/2022 14:40

"Accounts

Next accounts made up to 31 December 2021
due by 31 December 2022

Last accounts made up to 31 December 2020"




Looks like ITS has received a 3 month extension to publish its latest accounts.

[plazapokerpro] 04/11/2022 16:49

Cheers Hedge, that was just what I was after, appreciate you taking the time to explain in simple terms for me.

I unfortunately can’t read either, I thought 5 million plus shares but when I actually checked, it was 2.26 million, but I can still work out what they are likely to be worth.

Like I said in my previous reply, if they are worth £10k, I don’t care how skint I am, I will not sell, especially with what you have said above. This was my I never cashed in my Matra shares. I was offered 1/10th of what I paid, pretty pointless really, on the off chance they could turn it around. But TGL and Khan was why I took the punt in this and thanks to your explanation, I think I’ll put them back in the envelope, save this thread and carry on with my sad pathetic life until I read we are now £millionaires if I live that long of course. At least I can make sure the wife knows about this now.

Same to you squire, good health and all that. I shall read on in the background now.

Plaza

[hedgehog 100] 04/11/2022 15:40

Plazapokerpro,

Very sorry to hear about your health condition.

Your 5 million or so shares is a relatively large retail shareholding.

The market cap. of TGL (now ITS) at delisting was £3.57M. at 0.525p (680,982,800 shares in issue x 0.525p).

So you hold about three quarters of a per cent of the company, which at the delisting price of 0.525p would be worth c. £26K.

The price offered in March 2021 was £0.037p/share (see post 8341 above).

That would value your c. 5M. shares at c. £1.85K., and value the entire company at c. £0.25M.

In comparison, ITS's stake in Quantinuum could currently be worth millions.
And ITS also owns GOS Systems, a profitable high tech security company.

We don't have enough detailed information to put a precise value on the ITS shares, but they look to me like they are probably worth multiples of the offer price, with the potential to rise considerably from that level.

Good luck for the future, in both your health and finances.

[1399peter] 02/11/2022 18:42

"on the cusp of a liquidity event"
I like your optimism hedge.
It would be nice if they swapped our intelicrypt shares out for Quantinuum ones at the same time.

[hedgehog 100] 02/11/2022 11:29

Plazapokerpro,

After holding this share for at least seven years, why are you so desperate to sell now for a comparative pittance, when we look to be on the cusp of a major liquidity event anyway?

And why do you think that corporate financiers would be interested in buying a small minority retail stake in an unlisted company, as they are?

Rest assured, you would likely be offered a small fraction of what these buyers think the shares are actually worth.

If you look through the sequence of posts from 8336 above onwards, you will see that the offer price is very clearly stated, and views on that offer price are clearly given.

[1399peter] 02/11/2022 11:00

Yes I sent to the same address, plaza. I'll try again.

Oh and be careful sending anything via their website check for https top corner. Intelicrypt website wasn't secure when it was up

[plazapokerpro] 01/11/2022 18:30

I did get an instant reply when I sent the email to GOS, so the post waiting for GOS for an update, I’d try and send it again. They clearly do read the emails and I sent mine to info@
I don’t know if that’s the same address you sent your email to.

Plaza

[plazapokerpro] 01/11/2022 18:27

Happy 1st Nov.

I emailed GOS asking if they wanted my 5 million or so shares and had a reply asking for screenshots of the share certificates. Do I risk being scammed by showing all the information on the share certificate or do I need to cover up any details.
They also asked how much I was looking for in terms of price per share. Any idea what to put?

[1399peter] 29/10/2022 09:48

Thanks for the info chesy.
I wrote to GOS earlier in the week, to ask if we could have some sort of update on progress and future plans. I will let you all know if I get a response, Zzzzz. Not holding my breath though

[hedgehog 100] 28/10/2022 17:39

Thanks Chesy.

Quantinuum isn't actually listed on the Nasdaq, though I would expect that to come when market conditions improve - perhaps in 2023.

[moormoney] 28/10/2022 17:26

Thanks chesy let’s hope for some good news at last!

[chesycustard] 28/10/2022 16:36

Not clear if our shares were exchanged or not, our latest accounts are due, so might show

[chesycustard] 28/10/2022 16:35

If you Google, you can see cq and hqs (honeywell entity) formed a new Quantinuum. I looks to be listed on the nasdaq

[chesycustard] 28/10/2022 16:33

If you look up CQCL on companies house and the confirmation statement you can see all the shares reduced to 0, were are on there (shareholding 16) on the 30th Nov 2021

[chesycustard] 28/10/2022 16:31

I think we (intelicrypt) must now holds shares in Quantinuum

[hedgehog 100] 25/9/2022 11:23

Plaza,

If you look through the sequence of posts from 8336 above onwards, you will see that the offer price is very clearly stated, and views on that offer price are clearly given.

On the subject of Charles Goodfellow, TMOR announced great RTO news on Friday, and if it hadn't been suspended pre-opening, it would probably be top riser for the weekend: a proposed RTO at a share price of 2.25p, well over double the current share price of 0.95p:-


23/09/2022 07:45 UK Regulatory (RNS & others) More Acquisitions PLC Acquisition - Megasteel and Suspension of Trading LSE:TMOR More Acquisitions Plc

"Proposed Acquisition of Megasteel Limited and Suspension of Trading ...

-- Proposed Acquisition values the current issued share capital of More at GBP2.81 million (vs GBP1.19 million at closing on 22 September 2022) or over 2.3 times the Company's current net cash

Background

Megasteel (www.megasteel.co.uk ), has traded for more than 30 years in the United Kingdom, and is one of the largest stockholders and distributors of high-quality steel for the prestressing and post-tensioning of concretes in the UK. Prestressed concrete is a critical building product used in the UK construction market, from house floors to bridge beams and from railway sleepers to high rise buildings in the City of London. In its financial year ended 31 October 2021, Megasteel made audited pre-tax profits of GBP3m on turnover of GBP19.7m. ...

Nigel Roberts, CEO of Megasteel Ltd added:

"We have built Megasteel over the last 30 years to be one of the biggest suppliers in the UK of prestressing wire and strand, a product used in almost every construction project in the country, and we have been considering a listing of the business for many years. We are pleased to be working with More Acquisitions as the vehicle that will enable us to do this.

Over many years we have been able to grow our sales, generate revenues, make profits and turn those profits into cash which we have reinvested into the business to keep the cycle going. Applied over a long period of time these business methods have produced a profitable business that I am proud to have started. ...

We were attracted to More Acquisitions as our vehicle to list because we liked the simplicity and cost-effective way in which it had been set up with its 'one price for all', no advisory or broking fees, capped listing and on-going costs and no director salaries, the Company and its key stakeholders fitted very well with our views on how a business should be run!"

[1399peter] 26/8/2022 21:54

I've tried emailing Idris with no success. He used to write back.