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TGL Transglobe Energy Corporation

295.00
0.00 (0.00%)
Last Updated: 00:00:00
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

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Date Time Title Posts
08/3/202504:15TGL - A Quantum Leap - $26 Billion Market - Ј2m Mk cap8,673
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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Posted at 14/2/2025 18:14 by mark10101
Hi Cyber, it really all hinges around Quantinuum IPOing, although some feel the fundraiser mentioned in the latest interview of the Honeywell CEO could also provide an opportunity.

I was told last year we have maintained a decent holding of Quantinuum shares and that an IPO could lead to the ability to do a special dividend or share buyout of us legacy share holders, but a case of cross that bridge when we get to it. So not sure the timeline, could still be this year but theoretically we have worthwhile holdings in our ITS shares and certainly worth popping in here from time to time.
Posted at 10/2/2025 18:15 by hedgehog 100
Mark,

I had read about Honeywell's breakup, yes. It's interesting, though largely neutral from Quantinuum's viewpoint.

This Quantinuum snippet is of more direct relevance - thanks for flagging it up:-
“We did a fundraise about a year back, pre-money, and we were valued at $5 billion,” Kapur said. “That was almost a year back. We are going to do, again, more money raising in the next few months. The market is really not ready for a true IPO, the market needs more evidence of commercial success. We will demonstrate that.”


I would agree that the fact that Quantinuum is raising more money very soon, even though not in a 'true IPO', could still be an opportunity for ITS to dispose of some or all of its remaining Quantinuum holding.

Whether they will chose to do so or not I don't know, but a bird in the hand is worth two in the bush, so if the price is right they may well do so.

Quantum computing shares in the US seem to have come off the boil this year, though still up massively over recent months.


And thanks RT for flagging up that latest GOS Systems news.

So after attending the Qatar exhibition in October, GOS Systems (ITS) are now attending another one in Germany later this month.

That, and just the fact that they're putting it on the GOS Systems website, is encouraging.

They may not have been considered ready to 'relist' previously, but that can change, especially if the have the funds for a complementary acquisition.
Posted at 08/2/2025 11:09 by mark10101
RT777, my understanding is GOS is a good stand alone business now but not worth relisting. Great to see the business turned around and going strong, however our successful exit of our share holdings will be the IPO of Quantinuum.
Posted at 04/2/2025 21:31 by mark10101
Hi Peter, the CQC shares were only ever 1/20 ish of our market cap, I was just dreaming it was all of it on delisting.

If Quantinuum gets listed it will provide an opportunity to sell those shares and redistribute to shareholders as a special dividend (after tax, but hopefully TGL has some accrued losses) or they could offer a potential buyback of our shares. Going on memory IK has a decent holding of ITS so will benefit as well. But anyway the listing of Quantinuum is key and that should provide the exit we have been waiting for.
Posted at 04/2/2025 18:16 by hedgehog 100
Thanks Mark - more great stuff!


"Quantinuum Announces Generative Quantum AI Breakthrough with Massive Commercial Potential

Quantinuum Unveils Generative Quantum AI Framework that Harnesses Unique Quantum-Generated Data to Tackle Complex Problems Impossible for Classical Computing

February 4, 2025

BROOMFIELD, CO, and LONDON, U.K. – February 4, 2025 – Quantinuum today announced a groundbreaking Generative Quantum AI framework (Gen QAI) – leveraging unique quantum-generated data to enable commercial applications in areas ranging from the development of new medicines, precise predictive modeling of financial markets and real-time optimization of global logistics and supply chains. The potential of these three capabilities alone is immense, and this framework is set to unlock solutions to other complex problems that classical computing cannot address.

For the first time, data generated by Quantinuum’s powerful H2 quantum computer can be harnessed to train AI systems, significantly enhancing the fidelity of AI models, allowing them to tackle challenges previously deemed unsolvable. Through this achievement, Quantinuum is setting a new standard for AI training and problem-solving across various industries.

“We are at one of those moments where the hypothetical is becoming real and the breakthroughs made possible by the precision of this quantum-generated data will create transformative commercial value across countless sectors. Gen QAI is a direct result of our full-stack capabilities and our leadership in hybrid classical-quantum computing, delivering an entirely new approach that stands to revolutionize AI,” said Dr. Raj Hazra, President and CEO of Quantinuum. On February 4, Dr. Hazra will join an expert panel at the 2025 International Year of Quantum (IYQ) ceremony in Paris to share further insights into our groundbreaking Gen QAI development.

“While some may suggest that a standalone quantum computer is still years away, the commercial opportunities from this breakthrough are here and now,” said Dr. Thomas Ehmer from the Healthcare business sector of Merck KGaA, Darmstadt, Germany. "The generation of meaningful synthetic data, specifically when you do not have many training data, is nontrivial and we see it as a new era for AI unlocked by quantum technologies. The Helios system, launching later this year will hopefully enable AI to be used in unprecedented ways and unlocking transformative potential across industries.”

Gen QAI leverages the unique capabilities of quantum computing to explore data complexities far beyond what classical computing systems and GPUs can handle. Quantinuum is collaborating with industry partners on Generative AI projects that harness the power of quantum computing in sectors such as automotive, pharmaceuticals and materials science. In the coming months, Quantinuum will share results from ongoing collaborations, showcasing the groundbreaking potential of quantum-driven advancements in Generative AI.

One notable collaboration is with the HPE Group in Italy, focusing on utilizing quantum computing in the automotive sector.

Enzo Ferrari, Executive Vice President of HPE Group, stated, “At HPE, we have a long-standing tradition of employing cutting-edge technologies for our clients in the motorsport industry. We are thrilled about our collaboration with Quantinuum, leveraging quantum-generated data for applications such as battery development, aerodynamic optimization and fuel innovation.”

As quantum computing gains significance globally, Quantinuum anticipates that its upcoming Helios system will exponentially extend computational capabilities, operational by mid-2025 for applications in drug discovery and addressing climate challenges. In particular, the innovative Gen QAI capability will enhance and accelerate the use of Metallic Organic Frameworks for drug delivery, paving the way for more efficient and personalized treatment options, with details to be unveiled at the launch of Helios.

This announcement also comes on the heels of Quantinuum’s recently expanded partnership with SoftBank, underscoring the company’s accelerating commercial momentum.

About Quantinuum 

Quantinuum, the world’s largest and leading integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents.

For more information, please visit the website at www.quantinuum.com "
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 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 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.
Transglobe Energy share price data is direct from the London Stock Exchange

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