Transglobe Energy Share Discussion Threads

[muckshifter] 11/7/2023 12:32

Surely it must be getting on for ten years since this company was suspended, but I see a few familiar names still here. Congratulations on your patience and persistence, and good luck on your hopes.

[plazapokerpro] 11/7/2023 01:53

Nothing from my end. I’ve now put the certificates away and no surprise really that I didn’t get the phone call. I guess there is still time for a miracle, I’m just not holding my breath any longer.

I hope you all have a great summer.

Plaza

[mark10101] 10/7/2023 14:50

Anyone have any news or have contacted the company?

[mark10101] 30/4/2023 14:54

Thanks for your insight HH, interesting it could be we sell our remaining stake at a decent valuation and then have a good cash pile to bring a much stronger ITS to market, maybe at a time the world has seen some of the cyber attacks they are warning us about..

[hedgehog 100] 30/4/2023 12:22

No Mark, I haven't.

I would add though that Quantinuum doesn't have to float for a stake to be sold at a great price: a private fundraising could be a good point, and if they're raising a hundred million +, then even a stake of a few million pounds could be a relatively small part of any shares sale.

Also note that TMOR, where former Touchstone Gold director Charles Goodfellow is one of the two directors, recently announced a positive update on its intended RTO progress:-

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 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 ..."


17/04/2023 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Update on Proposed RTO LSE:TMOR More Acquisitions Plc
"Further to the announcement on 23 September 2022 regarding the proposed acquisition by More of Megasteel Limited ("Megasteel") (the "RTO" or the "Proposed Acquisition"), the Company is pleased to confirm that preparations for the publication of a prospectus and admission of the enlarged group to trading on the London Stock Exchange are now well advanced. ..."

[mark10101] 30/4/2023 09:56

HH, to be fair if the earlier sales gets us to extracting some value from my holding I won’t hold it against them too much, have you spoken to the company recently?

[hedgehog 100] 29/4/2023 21:48

Mark,

As I reported in my post 8431 above, ITS's holding in CQCL-Quantinuum was also unchanged during 2021.

We can't be certain what's happened since then, but as far as I'm aware Quantinuum hasn't had a fundraising since then, which might be a logical sale point, and if GOS Systems has remained profitable then it wouldn't need to by subsidised by a sale.

Not sure why you use the word 'squander': the company runs a very tight ship, but if there are obligations to be met, you may have no choice but to sell some of an asset.
But at least they acquired the asset in the first place, and sold part at an excellent profit.

[mark10101] 29/4/2023 19:05

Thanks for the optimism HH, my shares are still showing in my account, would be great to see them come back to life at some point. Not holding my breath though and if we were 1/3 our holding in 2020 what have the done since…. Frustrating they had squandered £10m of potential share holder value by 2020 as that was my reasoning for holding TGL into suspension.

[1399peter] 20/4/2023 20:05

Nothing here chesy.

[chesycustard] 20/4/2023 13:12

Anyone heard anything? Co not responding

[1399peter] 07/2/2023 18:10

Ilyas could sell fridges to Eskimos. And wouldn't give a toss if it broke down 5mins after selling it.

[plazapokerpro] 07/2/2023 13:42

No, no call yet. Reading Peters comments I doubt they ever were going to call. I’m sure I, you, and a million other investors have tried in the past, so there’s no point in trying to chase it up now.

I just wanted a round about time regards a relisting and a chance for us holders to get something back after the backing we provided several years ago now.

[1399peter] 30/1/2023 12:48

Someone posted this on another thread. It's worth watching

[1399peter] 28/1/2023 12:29

plaza,
Don't hold your breath. This lot aren't known for their good shareholder communication

[chesycustard] 04/1/2023 11:18

Any call yet plaza?

[1399peter] 04/1/2023 10:32

Cheers Hedge,

It would be nice if our Quantinuum share was in the 10's of £millions.

Be nice to hear something from the philanthropist CEO at quantiniuum & Stanhill, ilyas Khan.

[hedgehog 100] 02/1/2023 18:22

"INTELICRYPT TACTICAL SOLUTIONS LIMITED
Company number 09935301"

"31 Dec 2022 Micro company accounts made up to 31 December 2021
View PDF Micro company accounts made up to 31 December 2021 - link opens in a new window - 4 pages(4 pages)
Download iXBRL"



ITS's latest accounts have been published.

They're showing little change on the year: the main change being a c. £1K. decrease in net current assets, to £791,849.

The value of fixed assets, which is apparently where ITS's holding in CQCL-Quantinuum is recorded (at the original cost price), is unchanged, which is good news: i.e. no further share were sold during 2021.
This value is now of course far higher than the original price paid.

[plazapokerpro] 20/12/2022 14:47

No, I have not had the call yet. I did say, due to the pain meds I need to sleep in the afternoon and I am unavailable from 2-30pm to 5pm weekdays and I was assured, the call would be made with this in mind. The email was pleasant and I explained why I am eager for a relisting or buy back option, so to fund the back Op in the US and get my life back.
If they do fail in their attempt to update me, given what I’ve said, probably tells me everything I need to know. It will be disappointing for sure. When I was told in Nov 2019, nothing more can be offered in terms of treatments, I thought that was it, life over and just wait to die. Matra had just gone bankrupt, so that was not an option. In early 2021, I had a little win on the Irish lottery and put my £7,000 into crypto and up to Nov 2021, I had finally got involved with something that increased in value, that was until it started to nose dive and still continues to. Unfortunately it didn’t get close to the £100k I needed for the op. So when the share certificates from TGL arrived in summer this year, I was given a chance, little chance admittedly, but still some hope.
I wouldn’t be surprised if someone from TGL reads these boards and if they do, hopefully realise, some of us would really like to have our loyalty rewarded and would make a huge difference to me anyway. But, they are a business and they say, in business, there are no friends.
I may of forgotten about TGL, but I would of remembered some day. Regardless, I will ask about the slides re strategy if and when they call.
All the best for Christmas and New Year TGL’ites

[hedgehog 100] 20/12/2022 14:25

"Accounts

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

Last accounts made up to 31 December 2020"




Thanks for the invitation, Plazapokerpro.

As ITS is due to publish its latest accounts within 11 days (having received a 3 month extension), it might be better if they phone you after that - in the New Year (although you don't control this), which should also enable a fuller 2022 update.

These accounts should provide an update on ITS's CQCL stake as at 31.12.21 (we know they had a stake then, but not the size), which since late last year has held a stake in Quantinuum.

GOS Systems has apparently been profitable for the three years 2019-2021, so hopefully this has continued in 2022.

As regards a liquidity event for shareholders: the reset of technology valuations downwards this year could complicate and delay that somewhat, but I'm still optimistic of something in 2023, when market conditions should have improved somewhat.


Another profitable cybersecurity company - Smarttech 247 (S247) - floated last week, at a quite generous valuation for the times, which shows that there is still some investor appetite out there for quality small technology companies.

S247's market cap. at its floatation price was about six times its annual revenue last year:-

15/12/2022 13:26 Alliance News Alliance News Smarttech 247 shares edge upwards on first day of trading on AIM LSE:S247 Smarttech247 Group Plc
15/12/2022 07:00 UK Regulatory (RNS & others) Smarttech247 Group PLC Admission to AIM and First Day of Dealings LSE:S247 Smarttech247 Group Plc
" ... As announced on 1 December 2022, Smarttech247 has successfully raised gross proceeds of GBP3.67 million for the Company, through a Placing of 12,385,828 new Ordinary Shares at the Placing Price of 29.66 pence per share. Based on the Placing Price, the Company's market capitalisation is approximately GBP36.80 million at Admission.
The Admission Document was published on 30 November 2022 and is available on the Company's website www.smarttech247.com . ..."

[divmad] 20/12/2022 07:47

Best ask Hedgehog100. He is the most clued up on this company of all of us locked in shareholders.

[chesycustard] 20/12/2022 07:03

Have you had the call, how did it go? If not can you ask for some slides for shareholders re strategy please.Thanks