Transglobe Energy Share Discussion Threads

[mark10101] 21/7/2024 11:44

Cyber I would be happy to do that. We may even be able to get a company representative to join, but if not a good place to share updates.

I am wondering if a telegram group would be better?

[cyberbub] 21/7/2024 10:25

Fair enough Mark. I'm just a bit concerned that after so many years we small PIs may end up 'forgotten' (whether deliberately or not). If the company reaped a sudden bonanza (assuming we even heard about it), but none of it made its way to our accounts, what could we do about it? Maybe I'm being too paranoid/worrying about nothing...

[mark10101] 19/7/2024 09:01

Cyber, I am not sure, I just trusted the system. The correct number of share in ITS were allocated to me so assume they have all been correctly registered. Probably best to speak to your broker.

[cyberbub] 19/7/2024 08:29

That's not my question. I'm asking whether our shares are still on a register which the company can access, so they can send us any proceeds (or swap our shares). The shares appear to still be in my I.I. account, but are they also on an external register somewhere?

[mark10101] 18/7/2024 23:48

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.quantinuum.com/news/honeywell-announces-the-closing-of-300-million-equity-investment-round-for-quantinuum-at-5b-pre-money-valuation

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.

[cyberbub] 18/7/2024 23:06

Thanks Mark, good to see your holding shows the same as me.But how does the management know that we remain shareholders in their unlisted company, without any share certs? Are we still on some sort of share registrar list? In other words, how do we avoid the company selling out say, but failing to send us the proceeds!What's this about a $2.4bn company?? (Dollar signs in my eyes LOL)

[mark10101] 18/7/2024 22:46

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!

[cyberbub] 18/7/2024 22:19

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

[hedgehog 100] 16/7/2024 17:54

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.

[plazapokerpro] 16/7/2024 02:46

Hey Cyberbub,

There is a word that we can use which can be placed in front of the word hope, do we all know what it is?

Yes of course

It’s NO as in No Hope!

If you read back Cyber, you will be brought back up to speed. But if that’s like too much work, I’ll try and bring you up to speed on my end. I emailed both Khan and the other dipstick and I offered them my shares and I would accept a knockdown price because I need the cash to put towards a back surgery that I need to fund. After waiting for several weeks, I give up waiting for either gentleman to email back. That pretty much tells you everything right there.

Remember, place that word NO in front of hope and there lies your answer (unfortunately)

Plaza

[cyberbub] 15/7/2024 23:16

Just checking in here, amazed the thread is still going. I have a handful of shares still showing in my account from when it delisted. Is there any hope of ever getting anything back?

[mark10101] 07/6/2024 16:16

hxxps://thequantuminsider.com/2024/06/05/researchers-use-quantinuums-new-56-qubit-quantum-computer-to-show-100x-improvement-on-googles-2019-random-circuit-sampling-task/

Insider Brief

Quantinuum unveiled its H2-1 quantum computer with 56 trapped-ion qubits that further improves its market-leading fidelity.
The company, working with JPMorgan Chase researchers, also reported on a new world record for the cross entropy benchmark on the H2-1.
Critical Quote: “Our focus on qubit quality – trapped ion qubits that solve complex problems with higher fidelity and greater accuracy – versus the quantity of qubits is changing what’s possible, and bringing us closer to the long-awaited commercialization of quantum’s applications across industries like finance, logistics, transportation and chemistry.” — Rajeeb Hazra, CEO of Quantinuum



Today’s announcement is the latest in a string of breakthroughs made by Quantinuum in 2024:

In March, the company revealed a long-sought solution to the “wiring problem,” demonstrating that the quantum charge-coupled device (QCCD) architecture can scale to large qubit numbers.
Quantinuum’s H-Series became the first to achieve “three 9s” – 99.9% – two-qubit gate fidelity across all qubit pairs in a production device, a critical milestone enabling fault-tolerance.
Then, in collaboration with Microsoft, Quantinuum ’s H2-1 was declared the first – and so far the only – quantum computer capable of achieving Level 2 Resilient quantum computing, creating four reliable logical qubits using error correction and detection to achieve an 800-fold reduction in error rate.

[kiwimonk] 06/6/2024 20:10

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.

[mark10101] 26/5/2024 16:24

Hi, Plazza. Check your ADVFN inbox because I PM’ed you after your message above.

[hedgehog 100] 18/5/2024 15:11

Plaza,

The $29 per share figure wasn't a figure for ITS, but for part of Honeywell:-

Hedgehog 100 24 Feb '24 - 12:41 - 8500 of 8517 Edit 0 0 0
"Thanks for flagging up that useful article, Peter.
"Analysts’ Report Suggests Quantinuum’s Potential Valuation Could Reach $37 Billion
Matt Swayne September 7, 2022
... In a paper acquired by The Quantum Insider, Vertical Research Partners reported that, based on their assumptions and projections, the discounted equity value of Quantinuum could reach circa $37 billion within a decade. Taking into account of Honeywell’s 54% ownership, that would mean a value of about $29 per share of Honeywell, a figure, the analysts added, that would equal to about 15% of Honeywell’s total equity. ..."
"

[1399peter] 17/5/2024 06:59

Mark,

You would like to think they would be looking after it. Lets hope so.

[mark10101] 16/5/2024 23:33

Hi Peter, as I understand it we still retain a significant interest in Quantinium. Earlier on they could use some of it to cover debt, now it is too substantial a holding to fritter away. Providing Quantinium maintains its value I am hopeful we have value tied up in here, that is in everyone’s interest to distribute. Remember IK has a substantial holding here also, so he will do well from it.

[1399peter] 16/5/2024 20:22

I don't think they have much interest in talking to their investors granted. I suppose you can draw some comfort from the fact that the company still exists. And there might be a very slim, wafer thin chance of getting something from our holding in quantinuum. If it doesn't get handed over to someone from Stanhill first.

[singray105] 15/5/2024 20:54

Thanks Peter.
Although at the back of my mind I'm thinking, why should they do us a favour at this point?

[1399peter] 14/5/2024 07:53

Intelicrypt are based in the same offices.

[1399peter] 14/5/2024 07:44

Stanhill Capital Partners
Second Floor Partnership House
Carlisle Place
London, SW1P 1BX

Tel: [phone]
Email: [e-mail]

[1399peter] 10/5/2024 09:47

Try writing to ilyas khan at stanhill capital. He might be able to shed some light. Most likely he'll tell you he has passed your email on to Idris and then you'll hear nothing. But worth a try all the same.

[singray105] 06/5/2024 20:43

Just wondering if anyone has received a reply from them, I would be interested if they were interested in making an offer for my shares.