Transglobe Energy Share Discussion Threads

[chesycustard] 23/5/2020 23:55

I had an email exchange about 4 months ago, wasn't impressed TBH mate.

[mark10101] 23/5/2020 19:26

Has anyone spoken to the company recently?

[hedgehog 100] 23/5/2020 19:05

Hedgehog 100 28 Jan '20 - 16:01 - 8267 of 8289 Edit
" ... TRX is currently on today's biggest losers board, down 14.3% at 1.05p!"

Fovargue 28 Jan '20 - 17:42 - 8268 of 8289 0 0 0
"If only I'd lost 14.3% on TGL."


Fovargue,

DO you still wish you had held TRX instard of TGL, in view of TRX'S new deeply-discounted fundraising? -

22/05/2020 07:00 UKREG Tissue Regenix Group PLC Confirmation of successful fundraising
"Confirmation of successful fundraising of GBP 14.6 million(1) ...
at a price of 0.25 pence per New Ordinary Share ..."

[hedgehog 100] 18/3/2020 18:11

chesycustard 19 Nov '19 - 12:56 - 8230 of 8288 0 1 0
"I send a query the other day, waiting to hear back. Cqcl raised a lot of money, millions, only this month."

chesycustard 23 Nov '19 - 19:19 - 8243 of 8288 0 2 0
" ... I also said Cqcl just raised 60m euro and is doing great. Can we not leverage off this success in other ways? ... "


CQCL's 60M. euros fundraising just a few months ago is looking very well-timed, in view of the market crash, and shows what a shrewd operator Ilyas Khan is.

Also note that IBM became a strategic investor in CQCL last month:

"Cambridge, England, February 10, 2020 - Cambridge Quantum Computing
(“CQC”), a leading global quantum computing company, announced today that IBM
has become a strategic investor in the company. The investment comes after years of
collaboration between CQC and IBM’s quantum computing team."

[mark10101] 18/3/2020 17:54

Quite happy we are not listed atm.

[the stigologist] 14/3/2020 00:04

Tripe Going Lower

[chesycustard] 13/3/2020 20:24

T ransaction G uarantees L oss

[singray105] 13/3/2020 13:47

It's the curse of the TGL ticker!

[mark10101] 12/3/2020 17:08

Looking at the current TGL ticker owner it is not faring that well for them either. An original holding at 250 now only being worth 50 is not not better than the position we find ourselves in.

At least Stanhill believe the holding is worth similar to when we delisted.

[ih_158036] 12/3/2020 16:40

Physicists solved decades-old puzzle with huge implications for quantum computers

[singray105] 04/3/2020 17:35

No meeting scheduled this year I see?

[hedgehog 100] 03/2/2020 11:16

I'm realistic about timescales here, but never/ever is a long time.
I can't see any justification for the view that we will likely never get any money back: if this share was trading, such negativity would be viewed as 'capitulation', just as things are improving!

This was my view last spring, but I'm a bit more optimistic on timescales than then, due to the good/great progress by GOS & CQCL. -

Hedgehog 100 14 May '19 - 14:54 - 8177 of 8280 Edit
" ... ITS's debt is relatively modest, and by way of a 'soft' loan from Stanhill.
My view therefore is that the value of ITS could currently be at least about the value at delisting (about half a penny per share). And that value could increase over time.
But I'm not really anticipating any return of monies to us, or (re)listing of ITS/CQCL, for a few years.
(Albeit plans in business and investment can change rapidly, so that could potentially be sooner in the right circumstances.) ... "

[chesycustard] 01/2/2020 20:52

The NAV per share is about what it was on delisting so that's the good news, along with us now making a small profit and the cqcl share holding. Bad news is; they need funding but too small for PE to touch, they cant sell shares as not on AIM anymore to raise funds so hard to grow the business, we have become more lean (good for costs) but lost our sales arm needed for the quantum key sales (cqcl will likely use someone else now), we still have debt to stanhill and with no listing we, shareholders, can never sell our holding.Bit of a catch 22. I think they would like us all to invest heavily in the company via a raise but there is not the appetite.

[1399peter] 01/2/2020 16:07

Chesy,

I really don't hold out much hope of ever seeing our investments back. They certainly aren't giving us the slightest hint of that prospect, very much the opposite in fact.

[hedgehog 100] 30/1/2020 17:24

Look who's talking Stig!

1. CQCL (Cambridge Quantum computing Ltd.), in which ITS has a holding probably worth millions, has become a stunning success: recently raising over £50M., and with 80+ employees.
When we first started posting about it, CQCL was just a humble start-up.

2. GOS Systems (owned by ITS) has now become a profitable high tech security company.

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


P.S. You've picked a bad day to try to gloat at me, with my pick KIBO up 48.1% today to 0.6p!

From my RTO thread:

Hedgehog 100 9 Dec '19 - 11:10 - 956 of 956 Edit 0 1 0
"'OFF-TOPIC'
Not a shell or RTO, but an undervalued penny share opportunity that looks a good buy:
Kibo Energy PLC (KIBO) 0.425p Market cap. £5.3M.
..."

[the stigologist] 30/1/2020 14:30

LOL you've been wrong since 2015

[hedgehog 100] 30/1/2020 12:07

Chesy,

Thanks for that helpful update.

The fact that GOS Systems has broken through to profit (even a small one) is great news: the target for 2019 was to hopefully break-even - see the helpful report from Singray below.

This increases the takeover value of GOS, as companies don't want to buy a liability.
And not having to finance GOS losses decreases the need to sell more of ITS's holding in CQCL.

So well done and thanks to the people at GOS and Stanhill for doing a great turnaround job here.

I'm increasingly confident that we will eventually get some decent value back.


Singray105 18 Jan '19 - 16:33 - 8096 of 8275 0 1 0
"Hi guy, yes we went for drinks after the meeting, quite a few of them in fact, one of the GOS people was in there also and was very positive about the future, got home late. Nothing new to report though unfortunately, yes they have been running big losses, expected about £60k loss for 2018, break even 2019 hopefully. Stanhill will continue with their line of credit and CQC shares were sold for working capital, almost impossible to raise funds right now. Some new products, main business remains the police forces, Stanhill remain very positive. No link up, no buyer, no RTO. The quantum Key business seems to be a bit of a red herring, one day maybe, they denied that CQC have a working Quantum encryption key, as far as they know its not something that GOS can make use of as things stand and the rights that we had have expired, they do seem uncomfortable talking about this though when it is brought up.
SD99 is a really decent fella, he may have something to say about our options going forward. Thats about it folks."

[chesycustard] 30/1/2020 11:43

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.

[hedgehog 100] 30/1/2020 09:33

Just over a year ago, ITS-GOS held an annual shareholder meeting:

"Intelicrypt Tactical Solutions Limited (“Intelicrypt”, or the “Company”)

Annual Shareholder Meeting

London, 18 December 2018 – Intelicrypt, the holding company of GOS Systems ("GOS"), a UK technology group and specialist in secure communications and tactical intelligence, today provides shareholders a notice as follows. The Company will be hosting an annual shareholder meeting at 14.00 GMT on Thursday 17th January 2019 at 3rd Floor, 32 St James’s Street, London SW1A 1HD.

About GOS Systems

GOS Systems is a global telecommunications carrier providing a range of leading-edge tactical and strategic intelligence gathering and communication solutions for law enforcement, government agencies and commercial entities

For further information please contact [e-mail]"




But there's been no notification of one for this year.

Perhaps they're holding off for something?

Or maybe they don't feel that one is necessary at all, if they don't expect ITS-GOS to be independent for too much longer ...

[chesycustard] 29/1/2020 18:46

I did suggest that a year ago but they didn't think it was worth it then. Can't see any progress here for a while.

[1399peter] 29/1/2020 18:43

Getting back to the topic...…...Perhaps our illustrious directors might consider listing on the NEX exchange, that's cheap I hear. Not sure what online broker allows you to deal through it though

[hedgehog 100] 29/1/2020 14:39

Stig,

For you to call someone else sad is like Genghis Khan preaching about world peace.

And your postings remind me of the following notorious historical quotes:
“The great masses of the people will more easily fall victims to a big lie than to a small one.”
“Make the lie big, make it simple, keep saying it, and eventually they will believe it”

[the stigologist] 28/1/2020 19:34

LOL bought TRX at 1p initially and average is around 1.1p

Hedge you are a sad case

:-)

[hedgehog 100] 28/1/2020 19:22

Forargue,

That's just the TRX fall today, after having been ramped relentlessly with the most appalling b.s.

If you'd lost 14.3% a day for even just one week, you'd have lost over half your money.

And many TRX investors have lost far more than that: it's declined from over 30p in early 2014, and from over 8p since early last year, to the current share price of barely a penny.