Transglobe Energy Share Price (TGL)

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%	120.00	0.00	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
115.00		125.00	120.00	120.00	120.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	176.80	42.02	22.00	5.5	87

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
-	O	0	0.00	GBX

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Transglobe Energy (TGL) Latest News

Transglobe Energy News

Date	Time	Source	Headline
10/7/2019	14:32	ALNC	Transglobe Energy Says Janus Henderson Cuts Stake In Company
10/7/2019	07:24	ALNCF	Alliance News Flash Headline
10/7/2019	07:00	UKREG	TransGlobe Energy Corporation Holding(s) in Company
25/6/2019	07:01	UKREG	TransGlobe Energy Corporation Director/PDMR Shareholding
07/6/2019	07:00	UKREG	TransGlobe Energy Corporation Holding(s) in Company
05/6/2019	07:01	UKREG	TransGlobe Energy Corporation Director/PDMR Shareholding
04/6/2019	12:42	UKREG	TransGlobe Energy Corporation Director/PDMR Shareholding
29/5/2019	12:31	ALNC	TransGlobe Production Flat In May, Gets New Development Lease In Egypt
29/5/2019	07:00	UKREG	TransGlobe Energy Corporation New Development Lease and Operations Update
23/5/2019	07:08	UKREG	TransGlobe Energy Corporation Director/PDMR Shareholding

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Transglobe Energy Forums and Chat

Date	Time	Title	Posts
17/7/2019	21:42	TGL - A Quantum Leap - $26 Billion Market - Ј2m Mk cap	8,206
11/12/2018	20:35	Transglobe Energy	101
07/8/2018	07:26	Still time to look at TransGlobe Energy (TGL)	-
05/7/2018	13:05	TGL	-
29/6/2018	12:08	TransGlobe Energy (TGL) One to Watch	-

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Transglobe Energy (TGL) Top Chat Posts

Date	Subject
18/7/2019 09:20	Transglobe Energy Daily Update: Transglobe Energy Corporation is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker TGL. The last closing price for Transglobe Energy was 120p. Transglobe Energy Corporation has a 4 week average price of 107.50p and a 12 week average price of 107.50p. The 1 year high share price is 280p while the 1 year low share price is currently 107.50p. There are currently 72,205,369 shares in issue and the average daily traded volume is 5,000 shares. The market capitalisation of Transglobe Energy Corporation is £86,646,442.80. Read Full Thread Reply
18/7/2018 10:12	singray105: Unfortunately for me almost half of my medium/high risk portfolio was in this, I have no idea what I must have been thinking after watching the tgl share price go down in a straight line when they were a gold miner with IK at the helm, what did they do with the gold assets in the end, anyone know? I really should have know better. But I got convinced by a ramper or two on here and got carried away I guess with this CQC link up all the way to the bank, couple month suspension then back to market at a nice premium stuff, what a mug. Let me tell you a little story that portrays how unpredictable the stock market and particularly AIM is. Quite a few years back I thought I would buy a mystery share on AIM by picking some letters out of a bag and see if it corresponded to any particular share, it was a bit of a psychic experiment you might say. The letters spelt hill, anyway a company was quoted on AIM, J P Hill if I remember right, boring name, nothing going for it, price never moved, looked like like the usual POS that was probably going to be delisted eventually. Anyway to cut a long story short I didn’t buy any of the shares in the end, and then something happened, every day they started to go up, slowly at first but then faster, x3, x4, x5. The shares 10 bagged roughly, turned out they had some world class resource that no one was talking about tucked away and the company was bought out. I realised then what a roulette AIM actually is, you might as well go to the casino, spin of a wheel and your have your answer, not years of frustration with no answers as is the case here. Read Full Thread Follow Reply
29/6/2018 12:44	shakeypremis: Neo26, SDX is definitely undervalued and has very good growth potential too. Not being taken notice of by the market really. Maybe the semi-wildcat oil drills they've got planned for next year will cause the share price to rise after spud (irrational, but that's the market). Tens machine, let's hope their drilling record turns out to be as good as SDX's has been so far. Read Full Thread Follow Reply
29/6/2018 08:26	mark10101: Got a TGL news update email but not what I was hoping for.... let’s hope they have a better run than TGL. http://uk.advfn.com/stock-market/london/touchstone-TGL/share-price Read Full Thread Follow Reply
14/3/2015 20:38	hedgehog 100: A belated thanks and well done to Mr. Ilyas Khan for his sixth purchase of TGL shares in relatively quick succession. Even more than in April of last year, when he bought three lots of TGL shares in quick succession ... and the TGL share price nearly trebled in a month. It's also significant that these latest purchases are at significantly higher prices than his April 2014 ones. Since the start of 2014 Ilyas Khan has actually increased his holding of TGL shares by over thirty two million: 32,720,276 to be precise. In the first quarter of last year Ilyas Khan bought nearly thirty million TGL shares. 29,170,276 to be exact, in four separate tranches (taking him up to 56,083,855 in total), for an aggregate costs of about £101.7K.: 1. Subscribed for 3,273,588 shares: 21/01/2014 07:00 UKREG Touchstone Gold Limited Issue of Equity and Corporate Update "London, 21 January, 2014 - Touchstone Gold Limited ("Touchstone" or the "Company") (AIM: TGL) (TSX: TCH) is pleased to announce it has entered into an agreement to grant 6,547,177 non voting partly paid units ("Deferred Units") at a price of 0.932 pence per share by way of private placement.... The Shares are to be subscribed equally between Robert Buchan and ECK Partners Holdings Limited, which is beneficially owned by Ilyas Khan. ... " http://uk.advfn.com/news/UKREG/2014/article/60732472 2. Subscribed for 21,696,679 shares: 22/04/2014 07:02 UKREG Touchstone Gold Limited Placing, director change, strategy & TSX delisting " ... The Company is pleased to announce that it has raised a total of US$1,740,000 via the issue of 175,832,276 ordinary shares of no par value at 0.275p (the "Placing Shares") and US$929,589 of convertible loan notes (the "Loan Notes").... ECK Partners Holdings Limited, a Company beneficially owned by Ilyas Khan, has agreed to participate in for approximately US$100,000 of Placing Shares...." http://uk.advfn.com/news/UKREG/2014/article/61906565 3. Bought 1,700,000 TGL shares in the market: 23/04/2014 13:02 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/61929411 4. Bought 2,500,000 TGL shares in the market: 25/04/2014 10:41 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/61961727 He subsequently sold 18,250,000, taking him back down to 37,833,855. If he obtained an average of about 0.557p per share, then that means he had taken out the £101.7K. he has invested this year. That may have been a partial consideration, but I also feel that there have been other, more strategic considerations here, which prompted the I.K. selling. What's clear is that the shares were hoovered up nicely, and that I.K. was only selling into strength. I.e. providing shares for those who wished to buy at about that price, while keeping a bit of a lid on the share price. In my experience this sort of selling is always a very positive sign. Since that selling, Ilyas Khan has now relatively recently bought 21.8 million TGL shares (i.e. all of the 18,250,000 he sold, plus 3.55 million extra): 1. Subscribed for 3,400,000 shares: 06/11/2014 11:50 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/64310145 2. Bought 1,800,000 TGL shares in the market:: 10/11/2014 18:00 UKREG Touchstone Gold Limited Issue of Equity and Holdings in the Company http://uk.advfn.com/news/UKREG/2014/article/64355541 3. Bought 2,000,000 TGL shares in the market: 11/11/2014 16:35 UKREG Touchstone Gold Limited Holdings in the Company http://uk.advfn.com/news/UKREG/2014/article/64370274 4. Bought 3,500,000 TGL shares in the market: 24/11/2014 13:59 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/64539370 5. Bought 4,850,000 TGL shares in the market: 08/01/2015 14:38 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2015/article/65031990 6. Subscribed for 6,250,000 TGL shares: 03/03/2015 17:45 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2015/article/65705414 Ilyas Khan's holding of 59,633,855 TGL shares is now his highest ever. In addition, I.K. may also have subscribed for TGL consolidated loan notes, which would have increased his investment into TGL since the start of last year year still further. Read Full Thread Follow Reply
08/1/2015 17:10	hedgehog 100: Thanks and well done to Mr. Ilyas Khan for his fifth purchase of TGL shares in relatively quick succession. Even more than in April of last year, when he bought three lots of TGL shares in quick succession ... and the TGL share price nearly trebled in a month. It's also significant that these latest purchases are at significantly higher prices than his April ones. Since the start of 2014 Ilyas Khan has actually increased his holding of TGL shares by over twenty six million: 26,470,276 to be precise. In the first quarter of last year Ilyas Khan bought nearly thirty million TGL shares. 29,170,276 to be exact, in four separate tranches (taking him up to 56,083,855 in total), for an aggregate costs of about £101.7K.: 1. Subscribed for 3,273,588 shares: 21/01/2014 07:00 UKREG Touchstone Gold Limited Issue of Equity and Corporate Update "London, 21 January, 2014 - Touchstone Gold Limited ("Touchstone" or the "Company") (AIM: TGL) (TSX: TCH) is pleased to announce it has entered into an agreement to grant 6,547,177 non voting partly paid units ("Deferred Units") at a price of 0.932 pence per share by way of private placement.... The Shares are to be subscribed equally between Robert Buchan and ECK Partners Holdings Limited, which is beneficially owned by Ilyas Khan. ... " http://uk.advfn.com/news/UKREG/2014/article/60732472 2. Subscribed for 21,696,679 shares: 22/04/2014 07:02 UKREG Touchstone Gold Limited Placing, director change, strategy & TSX delisting " ... The Company is pleased to announce that it has raised a total of US$1,740,000 via the issue of 175,832,276 ordinary shares of no par value at 0.275p (the "Placing Shares") and US$929,589 of convertible loan notes (the "Loan Notes").... ECK Partners Holdings Limited, a Company beneficially owned by Ilyas Khan, has agreed to participate in for approximately US$100,000 of Placing Shares...." http://uk.advfn.com/news/UKREG/2014/article/61906565 3. Bought 1,700,000 TGL shares in the market: 23/04/2014 13:02 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/61929411 4. Bought 2,500,000 TGL shares in the market: 25/04/2014 10:41 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/61961727 He subsequently sold 18,250,000, taking him back down to 37,833,855. If he obtained an average of about 0.557p per share, then that means he had taken out the £101.7K. he has invested this year. That may have been a partial consideration, but I also feel that there have been other, more strategic considerations here, which prompted the I.K. selling. What's clear is that the shares were hoovered up nicely, and that I.K. was only selling into strength. I.e. providing shares for those who wished to buy at about that price, while keeping a bit of a lid on the share price. In my experience this sort of selling is always a very positive sign. Since that selling, Ilyas Khan has now recently bought back 15.55 million TGL shares: 1. Subscribed for 3,400,000 shares: 06/11/2014 11:50 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/64310145 2. Bought 1,800,000 TGL shares in the market:: 10/11/2014 18:00 UKREG Touchstone Gold Limited Issue of Equity and Holdings in the Company http://uk.advfn.com/news/UKREG/2014/article/64355541 3. Bought 2,000,000 TGL shares in the market: 11/11/2014 16:35 UKREG Touchstone Gold Limited Holdings in the Company http://uk.advfn.com/news/UKREG/2014/article/64370274 4. Bought 3,500,000 TGL shares in the market: 24/11/2014 13:59 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/64539370 5. Bought 4,850,000 TGL shares in the market: 08/01/2015 14:38 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2015/article/65031990 In addition, I.K. may also have subscribed for TGL consolidated loan notes, which would have increased his investment into TGL since the start of last year year still further. Read Full Thread Follow Reply
29/11/2014 19:39	hedgehog 100: "RNS Number : 3277Y Cambridge Quantum Computing Ltd 28 November 2014 ... Cambridge, 28 November 2014 - CQCL is pleased to confirm that Sir Nigel Broomfield KCMG has taken up the position of Chairman of the Board of Directors. Sir Nigel Broomfield commented: "The emergence of quantum computing as a reality in the coming years cannot be underestimated in terms of its impact on areas such as national security, secure communications, financial services and bio-technology. The contribution of new and innovative companies towards this important technology will be critical. I, and my colleagues at CQCL, think it is essential that British companies be at the forefront of these developments. I am therefore very pleased to take up this non-executive position at an important stage in the work of CQCL." ... " http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12166699.html Interesting that the first two quantum computing areas mentioned by Sir Nigel are national security and secure communications: i.e. two areas that are absolutely key to the work of TGL's new acquisition GOS Systems. It's also interesting that CQCL is using the London Stock Exchange's RNS system to make this announcement, even though it is unlisted ... though perhaps for not much longer. "...RNS is both a regulatory and financial communications channel for companies to communicate with the professional investor...." http://www.londonstockexchange.com/products-and-services/rns/about/rns-remove.htm GOS Systems remember was using RNS ahead of its planned floatation last year. From the GOS Systems intention to float RNS July 2013: "GOS has the following key strengths: · Strength and depth of management team ... · Differentiated high margin products and services · IPR and know-how GOS has 13 patent families across the Group ... · Existing commercial relationships built on trust ... · Significant growth market opportunity with high barriers to entry ... " http://www.investegate.co.uk/gos-systems-plc/rns/intention-to-float/201307150700092722J/ And then there's the recent appointment of CQCL's Professor Arthur Gibson as a new TGL director. So, a CQCL RTO into TGL? Don't rule it out!! What about the 31st. October denial from TGL? - 31/10/2014 17:41 UKREG Touchstone Gold Limited Directorate change and Placing "...The Company would like to clarify it has no intention of a transaction involving Cambridge Quantum Computing Limited for which company Arthur Gibson is Special Advisor to the Board. The Company continues to evaluate opportunities in a number of sectors including the applications of quantum computing technologies...." http://uk.advfn.com/news/UKREG/2014/article/64248311 I think that was a time-limited reference: i.e. at that point they had no intention of such a transaction immediately. Other communications from TGL have been more equivocal regarding CQCL's intentions, indicating that CQCL needed to advance a bit more first, and then decide upon its route to market. Bearing in mind GOS's very unfortunate experience with the IPO route, then the RTO route for CQCL will surely make sense to Stanhill, especially with TGL available as such a natural home. And this would also help to explain why Ilyas Khan wanted to keep a bit of a lid on the TGL share price earlier this year, but has more recently bought 10.7 million TGL shares. I.e. TGL needs to be just the right size for an anticipated RTO. Read Full Thread Follow Reply
29/11/2014 16:46	hedgehog 100: The Stigologist 29 Nov'14 - 16:12 - 2669 of 2669 1 1 "did you 'give a present' of TGL shares last xmas at over 2p to any kids ? bet you were popular when they tanked to 0.25p pmsl" Actually, the TGL share price last Christmas was 0.85p (currently0.425p) ... and they have never traded as low as 0.25p. Even intra-day, the lowest ever TGL mid price is 0.27p, and TGL has only ever closed at below 0.3p mid for a single day: Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range 1.71 402.04 -0.97 -5.75 - - - 1.48 - 0.27 In addition, perhaps you should look at your TGL shell bashing record: 0.27p to 1.45p intra-day A 5.37-bagger within 6 months A gain of over 400%! I hope you didn't give an Easter present of a TGL short to any trollkins!! A fall of a mere 50% pales into insignificance compared to a gain of over 400%, doesn't it, matey. Finally, for what it's worth, you are making yourself look such a complete and utter pratt by continuing to post your non-stop garbage here. And this will only worsen when TGL takes off again. Read Full Thread Follow Reply
24/11/2014 18:01	hedgehog 100: Thanks and well done to Mr. Ilyas Khan for his fourth purchase of TGL shares in relatively quick succession. It has shades of April, when he bought three lots of TGL shares in quick succession ... and the TGL share price nearly trebled in a month. It's also significant that these latest purchases are at significantly higher prices than his April ones. In 2014 Ilyas Khan has actually increased his holding of TGL shares by over twenty one million: 21,820,276 to be precise. In the first quarter of this year Ilyas Khan bought nearly thirty million TGL shares. 29,170,276 to be exact, in four separate tranches (taking him up to 56,083,855 in total), for an aggregate costs of about £101.7K.: 1. Subscribed for 3,273,588 shares: 21/01/2014 07:00 UKREG Touchstone Gold Limited Issue of Equity and Corporate Update "London, 21 January, 2014 - Touchstone Gold Limited ("Touchstone" or the "Company") (AIM: TGL) (TSX: TCH) is pleased to announce it has entered into an agreement to grant 6,547,177 non voting partly paid units ("Deferred Units") at a price of 0.932 pence per share by way of private placement.... The Shares are to be subscribed equally between Robert Buchan and ECK Partners Holdings Limited, which is beneficially owned by Ilyas Khan. ... " http://uk.advfn.com/news/UKREG/2014/article/60732472 2. Subscribed for 21,696,679 shares: 22/04/2014 07:02 UKREG Touchstone Gold Limited Placing, director change, strategy & TSX delisting " ... The Company is pleased to announce that it has raised a total of US$1,740,000 via the issue of 175,832,276 ordinary shares of no par value at 0.275p (the "Placing Shares") and US$929,589 of convertible loan notes (the "Loan Notes").... ECK Partners Holdings Limited, a Company beneficially owned by Ilyas Khan, has agreed to participate in for approximately US$100,000 of Placing Shares...." http://uk.advfn.com/news/UKREG/2014/article/61906565 3. Bought 1,700,000 TGL shares in the market: 23/04/2014 13:02 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/61929411 4. Bought 2,500,000 TGL shares in the market: 25/04/2014 10:41 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/61961727 He subsequently sold 18,250,000, taking him back down to 37,833,855. If he obtained an average of about 0.557p per share, then that means he had taken out the £101.7K. he has invested this year. That may have been a partial consideration, but I also feel that there have been other, more strategic considerations here, which prompted the I.K. selling. What's clear is that the shares were hoovered up nicely, and that I.K. was only selling into strength. I.e. providing shares for those who wished to buy at about that price, while keeping a bit of a lid on the share price. In my experience this sort of selling is always a very positive sign. Since that selling, Ilyas Khan has now recently bought back 10.7 million TGL shares: 1. Subscribed for 3,400,000 shares: 06/11/2014 11:50 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/64310145 2. Bought 1,800,000 TGL shares in the market:: 10/11/2014 18:00 UKREG Touchstone Gold Limited Issue of Equity and Holdings in the Company http://uk.advfn.com/news/UKREG/2014/article/64355541 3. Bought 2,000,000 TGL shares in the market: 11/11/2014 16:35 UKREG Touchstone Gold Limited Holdings in the Company http://uk.advfn.com/news/UKREG/2014/article/64370274 4. Bought 3,500,000 TGL shares in the market: 24/11/2014 13:59 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/64539370 In addition, I.K. may also have subscribed for TGL consolidated loan notes, which would have increased his investment into TGL this year still further. Read Full Thread Follow Reply
12/11/2014 15:54	hedgehog 100: Thanks and well done to Mr. Ilyas Khan for his third purchase of TGL shares in quick succession. It has shades of April, when he also bought three lots of TGL shares in quick succession ... and the TGL share price nearly trebled in a month. It's also significant that these latest purchases are at significantly higher prices than his April ones. In 2014 Ilyas Khan has actually increased his holding of TGL shares by over eighteen million: 18,120,276 to be precise. In the first quarter of this year Ilyas Khan bought nearly thirty million TGL shares. 29,170,276 to be exact, in four separate tranches (taking him up to 56,083,855 in total), for an aggregate costs of about £101.7K.: 1. Subscribed for 3,273,588 shares: 21/01/2014 07:00 UKREG Touchstone Gold Limited Issue of Equity and Corporate Update "London, 21 January, 2014 - Touchstone Gold Limited ("Touchstone" or the "Company") (AIM: TGL) (TSX: TCH) is pleased to announce it has entered into an agreement to grant 6,547,177 non voting partly paid units ("Deferred Units") at a price of 0.932 pence per share by way of private placement.... The Shares are to be subscribed equally between Robert Buchan and ECK Partners Holdings Limited, which is beneficially owned by Ilyas Khan. ... " http://uk.advfn.com/news/UKREG/2014/article/60732472 2. Subscribed for 21,696,679 shares: 22/04/2014 07:02 UKREG Touchstone Gold Limited Placing, director change, strategy & TSX delisting " ... The Company is pleased to announce that it has raised a total of US$1,740,000 via the issue of 175,832,276 ordinary shares of no par value at 0.275p (the "Placing Shares") and US$929,589 of convertible loan notes (the "Loan Notes").... ECK Partners Holdings Limited, a Company beneficially owned by Ilyas Khan, has agreed to participate in for approximately US$100,000 of Placing Shares...." http://uk.advfn.com/news/UKREG/2014/article/61906565 3. Bought 1,700,000 TGL shares in the market: 23/04/2014 13:02 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/61929411 4. Bought 2,500,000 TGL shares in the market: 25/04/2014 10:41 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/61961727 He subsequently sold 18,250,000, taking him back down to 37,833,855. If he obtained an average of about 0.557p per share, then that means he had taken out the £101.7K. he has invested this year. That may have been a partial consideration, but I also feel that there have been other, more strategic considerations here, which prompted the I.K. selling. What's clear is that the shares were hoovered up nicely, and that I.K. was only selling into strength. I.e. providing shares for those who wished to buy at about that price, while keeping a bit of a lid on the share price. In my experience this sort of selling is always a very positive sign. Since that selling, Ilyas Khan has bought back 7.2 million TGL shares: 1. Subscribed for 3,400,000 shares: 06/11/2014 11:50 UKREG Touchstone Gold Limited Holding(s) in Company http://uk.advfn.com/news/UKREG/2014/article/64310145 2. Bought 1,800,000 TGL shares in the market:: 10/11/2014 18:00 UKREG Touchstone Gold Limited Issue of Equity and Holdings in the Company http://uk.advfn.com/news/UKREG/2014/article/64355541 3. Bought 2,000,000 TGL shares in the market: 11/11/2014 16:35 UKREG Touchstone Gold Limited Holdings in the Company http://uk.advfn.com/news/UKREG/2014/article/64370274 Read Full Thread Follow Reply
05/11/2014 10:16	hedgehog 100: As regards TGL's preferred RTO (reverse takeover) target, it seems highly likely in my opinion that it is Deltenna: "A privately held company, Deltenna is profitable and continues to re-invest profits in the development of new technologies and products." http://www.deltenna.com/about-us/overview.aspx There was an agreement in place for GOS Systems to acquire Deltenna with £5M. of the IPO proceeds, so it makes perfect sense for TGL to RTO Deltenna now that TGL has acquired GOS. TGL has been giving out a consistent message for months now that TWO deals were likely to happen, and also that they might be simultaneous, or nearly so. And the fact that they might be simultaneous suggests that they are linked in some way, as GOS and Deltenna are. This would also help to explain Ilyas Khan's selling, as they would need to keep TGL's market cap. down for the RTO to proceed, as the RTO target (Deltenna) has to be bigger than the shell / RTO vehicle (TGL). Deltenna would have to be given more than 50% of the enlarged equity: e.g. 52%, which with about 0.48 billion TGL shares in issue after last week's placing, would take the number up to about a billion TGL shares. At the current TGL share price of just 0.4p, that would give a valuation of only about £4M. This contrasts with the valuation which was to be afforded to a combined GOS Systems + Deltenna after the IPO, of £30M. Strip out the £2.5 of IPO cash that was to be left after the Deltenna acquisition, then this would suggest a valuation of £27.5M. without the 'excess' IPO cash: which would equate to a TGL share price of about 2.75p based on my above figures. In addition, GOS + Deltenna in TGL would have the benefit of Stanhill's brilliant business-nurturing abilities and contacts, and the support of TGL's impressive shareholder base. If I'm right, then now that GOS has been acquired then TGL and Deltenna should move fast on the RTO. And I believe they will want to do so ASAP, to avoid risking the TGL share price taking off too much again. Read Full Thread Follow Reply

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