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TGL Transglobe Energy Corporation

295.00
0.00 (0.00%)
17 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Transglobe Energy Corporation LSE:TGL London Ordinary Share CA8936621066 CMN SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 295.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
280.00 310.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 295.00 GBX

Transglobe Energy (TGL) Latest News

Real-Time news about Transglobe Energy Corporation (London Stock Exchange): 0 recent articles

Transglobe Energy (TGL) Discussions and Chat

Transglobe Energy Forums and Chat

Date Time Title Posts
08/1/202514:18TGL - A Quantum Leap - $26 Billion Market - Ј2m Mk cap8,600
15/10/201915:06TransGlobe Energy - Oil Producer Egypt/Canada1
11/12/201820:35Transglobe Energy101
07/8/201806:26Still time to look at TransGlobe Energy (TGL)-
05/7/201812:05TGL-

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Transglobe Energy (TGL) Most Recent Trades

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Transglobe Energy (TGL) Top Chat Posts

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:TGL


04/01/2016 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 21/12/2024 10:01 by mark10101
Plazza, the reason we have all been posting since the Honeywell raise earlier this year is because we do still own a share of Quantinuum, as discussed before we owned 3% of Cambridge Quantum computing when we delisted. We used some to pay off debts and there has been dilution on the way. The Quantinuum raise giving a valuation of $5b was significant for us, if they list at a higher valuation it is even more significant to us. Nothing is guaranteed but should they get a Nasdaq listing it could be an event that finally gives us an exit from our ITS shares.

I hope it does come good for you as know it has been a tough time for you. As you say even when they get a listing on the Nasdaq I suspect this is still early in the journey, and it does appear they have built something pretty special here.

Happy Christmas all, let’s hope 2025 is our year.
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 08/9/2024 11:39 by plazapokerpro
Hi Pete,

Apologies, it was extremely late for me when I made that post and being so drugged up with my pain killers I forgot to say, I wouldn’t sell if they did come back with an offer.

That would be stupid considering what was shared with the potential, but it would clearly show what’s what, what they know, what’s the worth if they do actually offer x amount per share and we can deduce the potential price per share in real terms.

We have nothing to lose, I’m sure most of us have written this off by now anyways. So holding on to our shares just a little longer won’t be that hard. Yes it’s true I am desperate to sell, but only because I need the funds to put towards life changing surgery to get my life back instead of being bed ridden 24/7/365. But I’m also not stupid enough to accept £1000 when a week later they worth £1 million (based on the 1000x). Besides, I know I could comment on here and you good people would give me the best advice in your opinions.

Enjoy the rest of the weekend fella’s, for me, it’s the last day of the Para - Olympics so I fully intend to max out the last of my fix before having to wait another 4 years for the next Olympics.
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 08/8/2024 01:34 by plazapokerpro
HH,
Asking for a price and selling at that price are two different things my friend. I just wanted communication to start so we could find out what’s going on. The lack of response tells me pretty much what they think of us forgotten holders. 7 years huh, I thought it was much longer than that, who said time flies more quickly the older you get.

For what it’s worth, I still have my two share certificates that show the amount of shares I hold. My maths teacher always drummed into us, what’s 10 times nothing? Of course, nothing.

I just don’t understand when I first got in touch and said I wanted to sell my shares, they responded with, we can help with that. I think I still have that email somewhere. But every email after that, once I ‘proved’ what I held by sharing my screenshots of my shares certificate, I have heard absolutely nothing back.

Dear Darren,

Thank you for your email. We’d be happy to address your questions and assist you where possible. In the first instance, could you please evidence your shareholding by way of a share certificate so we can take your enquiry forward? If you are unable to locate your share certificate, may I request that you contact your broker or the registrars for a replacement certificates. Further details can be found here: hxxps://www.nevilleregistrars.co.uk/faqs.

Best
Kat

Katrina Kenworthy

That was in 2022 if this helps anyone.
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 16/7/2024 16:54 by hedgehog 100
Hedgehog 100 2 Nov '22 - 11:29 - 8415 of 8523 Edit 0 0 0
"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."

plazapokerpro 24 Feb '24 - 01:58 - 8497 of 8523 0 2 0
" ... I have just emailed Charles and offered him my 2.5 million shares. I was going to say 2p but then I didn’t want to potentially cut myself short, if Charles knows a lot more than we do and the 2p is a steal. So I’ve given him the opportunity to set a price but warned about not being desperate that I would accept anything. ... Plaza"

plazapokerpro 16 Jul '24 - 02:46 - 8523 of 8523 0 0 0
" ... I emailed both Khan and the other dipstick and I offered them my shares and I would accept a knockdown price ...
Plaza"


Plaza,

I sympathise with your frustration at the long wait and lack of communications.
But they made an offer previously, and you chose not to accept it.
As far as I'm aware, they've never given any indication that they would pay more.
And you apparently haven't even told them what price you would accept.
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 8466
0 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.com/expert-legal-insights/articles/changes-to-the-aim-rules-disclosure-of-significant-shareholdings/

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.
Transglobe Energy share price data is direct from the London Stock Exchange

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