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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Transglobe Energy Corporation | TGL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 295.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 295.00 | 295.00 |
| Top Posts |
|---|
Posted at 07/1/2025 15:55 by hedgehog 100 01/07/2015 06:30 UK Regulatory AIM Suspension - Touchstone Gold Ltd LSE:TGL04/01/2016 07:00 UK Regulatory AIM Cancellation - Touchstone Gold Limited LSE:TGL In under six months we should reach the tenth anniversary of our shares in TGL-ITS last being traded. Every cloud has a silver lining though: during this period, the company could have saved getting on for nearly £2M. in annual AIM listing costs: a very material sum, especially in view of its small size, and limited finances. "Has AIM now become an irrelevance? Scores of defectors think so Last updated: 10:44 31 Dec 2024 GMT, First published: 10:43 31 Dec 2024 GMT Written by: Ian Lyall ... Listing on AIM typically entails initial costs of around £500,000, with annual expenses for regulatory filings, legal fees, and associated costs adding another £200,000. For smaller firms, these figures are prohibitive and increasingly untenable. ... |
Posted at 15/9/2024 15:55 by mark10101 Thanks Peter, very interesting““The collaboration between Quantinuum and Microsoft has established a crucial step forward for the industry and demonstrated a critical milestone on the path to hybrid classical-quantum supercomputing capable of transforming scientific discovery,” said Dr. Krysta Svore – Technical Fellow and VP of Advanced Quantum Development for Microsoft Azure Quantum. “It is now clear that enterprises need to be ready to take advantage of the progress we can see coming in the next business cycle,” Hazra said. “Our customers are placing quantum in their strategic plans and finding new ways to align our quantum system with classical computing and generative AI.”” If only CQC had reversed into TGL it would have been the biggest success on AiM ever. However unfortunately the tragedy is AIM is not the place to nurture success stories like this and it was totally the right decision to keep it off AIM. |
Posted at 04/9/2024 16:28 by hedgehog 100 "Honeywell Weighs Quantinuum IPO at $10 Billion Valuation▪ The firm has held early talks with banks on potential IP0 ▪ A listing in the US could take place as soon as next year" Thanks for sharing that very positive news Mark. It's great to know that serious IPO discussions have now started, that the IPO could be relatively soon, and that the mooted valuation is so high. From my post 8483 above:- Hedgehog 100 12 Feb '24 - 13:39 - 8483 of 8544 Edit " ... 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. ..." Adjusting my above estimate for a $10Bn. Quantinuum IPO valuation, which equates to c. £7.63Bn.: or say c. £6.63Bn. pre IPO dilution. CQCL had 45% of Quantinuum, so that's 45% of c. £6.63Bn., i.e. c. £3Bn. This could be worth up to c. £15M. to us. Which with our GOS Systems holding could add up to c. 2.5p/share. |
Posted at 18/7/2024 22:48 by mark10101 Not sure the technicalities of the shares but I would think it was a simple 1 for 1 swap for our TGL shares and the ownership details transferred.hxxps://www.quantinu Honeywell are the majority partner in the Quantinium partnership at 54% but that leaves 46% for CQC of the $5b valuation if I understand things correctly. |
Posted at 18/7/2024 21:46 by mark10101 Cyber, my shares got booted out of my ISA but the numbers of intelicrypt show correctly in the normal trading account.Intelicrypt on the latest valuation of Quantinium is significantly up on the delisting price, but that is just the current paper value. The final valuation and the liquidity event would have to be a Nasdaq listing or sale at a higher price. How this all pans out who knows, but our stake in an $8m company that went on to $2.4b is the stuff investing dreams are made of. I held TGL purely for the CQC shares and ties, if only our whole MCAP on delisting was in CQC shares! |
Posted at 18/7/2024 21:19 by cyberbub Can anyone clarify whether they're in the same position as me, please?When they delisted, my original TGL holding was converted into a zero-valued holding called "Intellicrypt", with a random numeric ticker, and still showing the number of shares I held. Is that the same for everyone? Interestingly they are still in my ISA - they haven't been pushed out to my trading account. In the (IMO very unlikely) situation where we get some return on the shares, eg. the 'liquidity event' mentioned in some recent posts, how will the company contact shareholders to let them know? I never got a share certificate issued, and as far as I know unlisted shares are not visible to anyone, unless I have that wrong? Any info appreciated, thanks |
Posted at 06/6/2024 19:10 by kiwimonk I forget how much TGL owned but if there's value to be extracted, and a realistic chance, then surely someone would have started something.Whatever, as usual, its a right old English LSE disgrace and it stinks. |
Posted at 05/5/2024 16:22 by divmad Any updates, anyone? Is TGL still a going concern, with paid employees? Does it have IP that is saleable? |
Posted at 12/2/2024 13:39 by hedgehog 100 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. |
Posted at 11/2/2024 10:34 by mark10101 Hedgehog 10018 May '15 - 17:35 - 5478 of 84660 4 0 mark10101 15 May'15 - 18:52 - 5270 of 5476 0 0 "Where is Hedge, for all his encouraging evening posting he misses this one :-)" Just logged on for the first time since about 5p.m. on Friday ... WOW!!! 15/05/2015 17:15 UKREG Touchstone Gold Limited Issue of Equity " ... This is necessary due to a greater than expected increase in the customer base, in particular outside of the United Kingdom. ... projected sales of the newly enhanced tactical intelligence platform for international clients are now expected by management to form a greater percentage of Company revenue in this financial year than previously expected. ... ... Touchstone's resultant holding in CQCL is not expected to represent a significant percentage of CQCL's issued share capital. ..." Haven't yet had time to read the over 200 new posts since the RNS three days ago, but I'm sure that the many great posters here have done it justice, and I may be repeating some points already made. TGL's anticipated "non-significant" CQCL holding means less than 3%. hxxp://www.blplaw.co TGL will be paying £200K. for a £250K. stake, so the anticipated value of CQCL after that must be at least £8.33M. The perfect size for a RTO of TGL, which is what I believe will happen. The stuff about TGL implementing its investing policy is I believe just a 'box ticking' exercise, as the acquisition of GOS Systems is clearly far more substantial than some RTOs. And Stanhill have a good relationship with the LSE, which is shown by the fact that the LSE allowed ZOL (Zoltav Resources) an extra week of suspension last year to complete a major acquisition. Of course there may be a share suspension of TGL first, but I personally would welcome that. Accompanied, I believe, by a RTO by CQCL in the second half of this year. |
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