Transglobe Energy Share Discussion Threads

[1399peter] 18/2/2024 14:41

Plaza,

It might be worth trying a broker or ii connected to Honeywell. Other than that you could always contact the vulture listed below and tell them how much you want for them.


Charles Goodfellow at peterhouse capital. [e-mail]"


Personally I wouldn't bother. You have waited 10yrs already. If you are worried that you won't last to see any benefit (you're not the only one lol) then consider putting them in trust for someone else or gift them to someone now.

You said you have approx 2.5m shares. Tell them you want 2p a share. See what they say.

[mark10101] 18/2/2024 14:25

Thanks Peter, I will give that a try.

Plaza, unfortunately the company has only reached out with very low offers for the shares we hold. The good news is they are not seen as worthless and hopefully that value offered is because they know we have no other choice. Hopefully with the recents news our shares are worth more now.

[plazapokerpro] 18/2/2024 14:14

Hey peeps,

Same old Plaza here. I hope everyone is in good health and the recent developments have certainly got us stirred up with anticipation lol.

As you all know, I am the least intelligent when it comes to these types of things. So with that, can I ask, is there anyway for us to advertise our shares in said company, so anyone who might be interested in taking a risk could potentially buy the shares from me or us, you know a bit like eBay but for shares or bonds.
It might be the perfect time to get shut of the shares and move on for me personally. I just do not know if something like that exists.

I can’t believe it’s coming up to 10 years already, that’s insane with no return.

Anyways, enjoy your Sunday fella’s and good luck to us I guess.

Plaza

[1399peter] 18/2/2024 13:56

Mark,

I assume you already have the one below. Not that I had any luck with it.
They replied to me when I contacted them through the GOS website though.

[e-mail]

[mark10101] 17/2/2024 12:38

Does anyone have Trevor Wells’s email address for intelicrypt tactical solution?

[1399peter] 16/2/2024 16:21

Yes, I remember those days when Idris would actually email and call. I have written to him a few times since with no reply.

I just find it a bit ridiculous that we have to chase these people who ultimately have our money and they don't feel in slightest bit obliged to tell us anything.

[mark10101] 16/2/2024 13:33

Thanks Peter, I wrote to Idris and Richard, Richard’s email no longer exits but Idris’s seemed to go through OK. I also wrote to Waseem at Stanhill. Both last night, so will see if I get a response. I dealt with Idris in 2019 when I had a list of question that they answered for us.

[1399peter] 16/2/2024 13:10

Nothing yet Mark.

[mark10101] 15/2/2024 21:45

Hi Peter, any luck?

[mark10101] 12/2/2024 14:30

Thanks HH, pretty much in alignment, definitely looks like we are in good enough shape to relist, hopefully Peter makes some progress with the Company.

[hedgehog 100] 12/2/2024 13:39

Hedgehog 100 29 Jan '22 - 12:26 - 8394 of 8482 Edit 0 0 0
" ... So it appears that ITS's GOS Systems has just had its third consecutive year of profit, i.e. 2019-2021. ..."



That was the latest GOS profitability info. posted on this thread. (And the last GOS Systems AGM was in January 2019.)

But it seems reasonable to think that 2022 and 2023 could well have been profitable as well, which would make five consecutive years of GOS Systems profitability.

And we (i.e. ITS, formerly TGL) own GOS Systems 100%.

So a pre new money valuation of say c. £10M. for GOS could equate to say c. 1p per ITS (TGL) share diluted.


In contrast, we have a much smaller percentage of CQCL-Quantinuum, but it has a much larger valuation, to balance that.

We could have up to say c. a half of a percent of CQCL, so if CQCL was valued at c. £2Bn., this could also be worth up to c. £10M. to us.


So as you say Mark, this could add up to c. 2p/share now.

Which would represent a multibagger from the suspension-delisting share price of 0.525p.


And I would agree that the share price of CQCL looks like it has probably risen by somewhere in the region of c. 100-fold since we acquired our stake in June 2015.

23/06/2015 07:30 UK Regulatory (RNS & others) Touchstone Gold Limited CQCL investment LSE:TGL Transglobe Energy Corporation


There's a satisfaction in that fact alone, i.e. probably being part of a c. 100-bagger, albeit indirectly.

And congratulations and thanks are in order to Ilyas Khan, for creating such a great British success story as CQCL.

If Quantinuum was listed in Britain at its latest valuation, it could be in the FTSE 100.


It's been a long wait, of nearly nine years, since TGL was suspended, but it looks like we are now on the home straight, relatively speaking, towards a return of some sort.

[mark10101] 11/2/2024 21:14

Peter, it has been totally out of our hands for such a long time and it is not a fair world. But I at least take comfort that my decision at the time was right to hold into suspension for the potential of CQCL. A £250k stake is now worth £150m ignoring dilution. So an east 20x from when we took that decision.

🤞🏻 this comes good for us all.

[1399peter] 11/2/2024 19:00

As you mentioned Mark, hopefully a bit like a pension. If Quantiniuum is valued at $5b now, who knows what it could be worth in a few years time. If ITS can hold onto our stake in Quant, we could be looking at a lot more than pennies.

[mark10101] 11/2/2024 14:33

Thank HH, feels right to me that our share could be worth 2p ish now. Let’s hope this recent news unlocks an exciting future, GOS itself could be perfectly position for what is likely to be a hot topic of cyber security going forwards.

[hedgehog 100] 11/2/2024 14:24

"January 16, 2024

Honeywell Announces the Closing of $300 Million Equity Investment Round for Quantinuum at $5B pre-money valuation

JPMorgan Chase, Mitsui, Amgen and Honeywell make investment to support Quantinuum’s growth and innovation"




"Honeywell Announces the Closing of $300 Million Equity Investment Round for Quantinuum at $5B pre-money valuation

January 16, 2024

Source: PRNewswire | News Provided By Honeywell International Inc.

JPMorgan Chase, Mitsui, Amgen and Honeywell make investment to support Quantinuum’s growth and innovation

‍CHARLOTTE, NC January 16, 2024 – Honeywell (NASDAQ: HON) today announced the closing of a $300 million equity fundraise for Quantinuum, the world’s leading integrated quantum computing company, at a pre-money valuation of $5 billion. The round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell, which remains the company’s majority shareholder. This investment brings the total capital raised by Quantinuum since inception to approximately $625 million.

This capital raise represents Quantinuum’s first equity funding round since Cambridge Quantum Computing and Honeywell Quantum Solutions merged in November 2021. The funds will be used to accelerate the path towards achieving the world’s first universal fault-tolerant quantum computers, while also extending Quantinuum’s software offering to enhance commercial applicability. ..."




Thanks for flagging up this very positive news Peter.

Yes Mark, I'm more optimistic than ever after this that we should get back something quite significant here.

CQCL had 45% of Quantinuum, so that's 45% of a pre new money valuation of US$5 billion: i.e. US$2.25 billion: equating to c. £1.785 Billion.

As regards our share of this, see this extract from my 12th. December 2021 post above:-

Hedgehog 100 12 Dec '21 - 11:32 - 8385 of 8476 Edit 0 0 0
" ... 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."


For comparison, remember that TGL was suspended at a price of 0.525p/share (on 1st. July 2015!)

[1399peter] 11/2/2024 14:15

Hedgehog,

I think they're already making asses out of us, so I'm not too concerned if my assumption is incorrect. I hope it is but seeing as they weren't very forthcoming the last time they sold part of the cqcl stake. I'm confident they'd do the same again.
I'll gladly eat the humble pie if I'm wrong though.

[mark10101] 11/2/2024 13:50

Hi HH, do you have any hope of a good outcome here? £5b is a stunning valuation given the £8.3m from when we received the shares. Surely IK’s holding and support of TGL is a good result for him also if this comes good.

[hedgehog 100] 11/2/2024 13:36

1399Peter 11 Feb '24 - 09:25 - 8463 of 8474 0 0 0
"Below is an old post from Hedgehog, The 2023 accounts are showing a further £190k decrease of net assets. So I am assuming Ilyas has been dipping his fingers into the Intellicrypt pie, "AGAIN". ...?"


Peter,

If you "assume", it can make an 'ass' out of 'me' & 'u'.

In any case, the 2023 accounts are actually just showing a c. £3K. decrease in net assets: the decrease in current assets is different.

So I think we should stay open-minded until we know for certain what's happened.

Not that we could do much with the info. anyway, even if we knew!

[mark10101] 11/2/2024 12:29

Peter, yes not trying to get hopes up. On paper this has turned out a dream with CQCL progress and our stake, how much we see of that success is the big question.

[1399peter] 11/2/2024 12:18

Personally I have lost faith and trust in Ilyas to do the right thing for ITS shareholders. I strongly suspect that Ilyas(AKA) Stanhill, are behind the further decrease in ITS assets.

[mark10101] 11/2/2024 11:27

The other reason I held was for IK’s involvement, he had a big holding and it has been in his interest to get TGl through this tough patch.

hxxps://www.jbs.cam.ac.uk/people/ilyas-khan/

It is interesting most the feedback recently has been they want to buy our shares, that is a big positive for us. Maybe we should be asking how we buy more TGL shares.

[mark10101] 11/2/2024 11:21

Thanks Peter. Given the reason I held TGL into suspension was for the interest in CQCL and the end result has been as good as we could hope for, plus we have a fully functioning company also, one would hope that we’re are worth quite a few multiples of where we delisted.

Maybe they can sell the CQCL shares and relist GOS at a time we look even more likely to face a cyber attack, it could be a perfect time to come back to the market.

[plazapokerpro] 11/2/2024 11:12

@1399 Peter,

When I got in touch with the same people they to asked for proof of my shares. Once I did that they said they would help me to sell my shares and then never sent another email despite me sending up to 5 emails afterwards.
I found that itself strange and then thought how easy would it be for them to take the shares from the information I give them, like simply swapping them over to themselves some how. I don’t know exactly how it works, but I did make sure I did not show the exact amount or my full address. The fact they never got back to me after showing my proof was and still is worrying, but what can we do, sweet F A.

If I could and get a decent price, I would sell my TGL shares and move on, but then, what’s a decent price. We can’t even value or attempt to guess at what price is likely to be good value. The lack of interest from TGL or whoever towards us, tells me we are just nothing, not even an afterthought. Yes I’m sure we have some rights but does anyone really think we are going to kick up a fuss and be heard, I doubt it. Besides, it’s been 10 years or so already, how much longer before we start dying off and unless our next of kin are fully up to speed, our shares would be just a waste of a tree and binned when the clearance of our belongings takes place.

We need to start making a noise, remind them we are still here and have been for nearly decade. Tell us what we are worth and how much longer. Meh, what’s the point.

[1399peter] 11/2/2024 11:07

I've written to them again Mark, see if we can get some clarification on the quantiniuum holding.