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TGL Transglobe Energy Corporation

295.00
0.00 (0.00%)
26 Jul 2024 - 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 01:00:00
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

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Transglobe Energy (TGL) Discussions and Chat

Transglobe Energy Forums and Chat

Date Time Title Posts
21/7/202411:44TGL - A Quantum Leap - $26 Billion Market - Ј2m Mk cap8,533
15/10/201916:06TransGlobe Energy - Oil Producer Egypt/Canada1
11/12/201820:35Transglobe Energy101
07/8/201807:26Still time to look at TransGlobe Energy (TGL)-
05/7/201813:05TGL-

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Transglobe Energy (TGL) Top Chat Posts

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Posted at 21/7/2024 11:44 by mark10101
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?
Posted at 18/7/2024 23:48 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.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.
Posted at 18/7/2024 23:06 by cyberbub
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)
Posted at 18/7/2024 22:46 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 22:19 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 16/7/2024 17:54 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 16/7/2024 02:46 by plazapokerpro
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
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 11:12 by plazapokerpro
@1399 Peter,

When I got in touch with the same people they to asked for proof of my shares. Once I did that they said they would help me to sell my shares and then never sent another email despite me sending up to 5 emails afterwards.
I found that itself strange and then thought how easy would it be for them to take the shares from the information I give them, like simply swapping them over to themselves some how. I don’t know exactly how it works, but I did make sure I did not show the exact amount or my full address. The fact they never got back to me after showing my proof was and still is worrying, but what can we do, sweet F A.

If I could and get a decent price, I would sell my TGL shares and move on, but then, what’s a decent price. We can’t even value or attempt to guess at what price is likely to be good value. The lack of interest from TGL or whoever towards us, tells me we are just nothing, not even an afterthought. Yes I’m sure we have some rights but does anyone really think we are going to kick up a fuss and be heard, I doubt it. Besides, it’s been 10 years or so already, how much longer before we start dying off and unless our next of kin are fully up to speed, our shares would be just a waste of a tree and binned when the clearance of our belongings takes place.

We need to start making a noise, remind them we are still here and have been for nearly decade. Tell us what we are worth and how much longer. Meh, what’s the point.
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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