Member Info for Hedgehog100

Thanks FG. TGL's renewed uptrend from about 0.4p, over the last month and a half, has been slower and more gradual than the much steeper climbs from about the same level in August and December. This should mean that it has firmer foundations for an assault upon 1p+. That's because weak holders have had plenty of time to exit already over the last few weeks. Though having said that, more good news, of the right type, could see this rise accelerate rapidly.

Thanks YellowSnow - superb research! I've taken the liberty of copying it to ADVFN, where it has received this informed response from Ray (Singray - who doesn't post here): Singray105 12 Apr'15 - 21:22 - 4756 of 4757 1 0 "Is that not the main reason that Mr brains of Britain, Prof A Gibson himself was brought in both at Cambridge Quantum and GOS/SDS....I mean so that we can become a global player in Quantum Cryptography? The logic behind a link up between the two companies at some point seems now to be crystal clear to me, Cambridge Quantum provide the Quantum Physics, GOS provide the technical know how and their 100% owned and recently upgraded private version of GCHQ, hey presto, booms times ahead. I like it...a lot!" http://uk.advfn.com/cmn/fbb/thread.php3?id=32338320

Thanks FG. The strong and steady share price building, ahead of TGL's imminent finals results and trading statement for GOS Systems, is certainly very encouraging. News apparently leaked ahead of TGL's February placing, with the share price apparently being 'walked down' in advance. The inverse of that may now well be happening.

Directors don't tend to get sacked. Even if they are considered surplus to requirements, they tend to leave voluntarily, especially if they are lukewarm about staying. Steve Berry had been hoping to IPO GOS Systems in 2013, but the failure of that, leading to GOS's administration, and then acquisition by TGL, left him with no shares in the company, and a less senior position than otherwise. SB was the CEO of GOS Systems, but in February Jamie Ridealgh was appointed CEO of TGL Services, the 'umbrella' company above GOS Systems.

Sorry, I meant CHA CHA CHA! And to prove it, TGL has now risen to 0.7p!!

A year ago Concha (CHA) was at about the same share price as TGL is at now: i.e. TGL is at 0.675p, and CHA closed at 0.69p on 10th. April 2014, up 0.05p on the day. Then from there, CHA went on to have a very good Spring, trebling in value. CHA was a 2014 40-bagger, and its price has held up well despite this extraordinary rise. Compare and contrast CHA with its fellow Peterhouse Corporate Finance acquisition vehicle TGL: 11/06/2014 07:00 UKREG Concha plc NOMAD Appointment and Company Update “ … The Board is pleased to confirm that it continues to make progress in identifying meaningful investment opportunities in our chosen areas of technology, media and communications. Whilst there can be no guarantee that one or more investment opportunities can be concluded successfully, the Board remains confident of creating shareholder value through Concha and looks forward to providing further updates in due course. …” http://uk.advfn.com/news/UKREG/2014/article/62520736 30/04/2014 07:01 UKREG Touchstone Gold Limited Investment Policy, Circular & Notice of AGM “…He added "In the short time since we announced our placement and intended investment policy, we have been approached by a number of companies in known high growth technology sectors that are ready for a public listing, and which might be suitable for an RTO once the Company has obtained its requisite approvals at the AGM. Shareholders will understand that the directors cannot guarantee that the investment policy, should it be accepted by shareholders, will be fulfilled by the acquisition of a technology company but that this is currently the area of particular review."…” http://uk.advfn.com/news/UKREG/2014/article/62015537 CHA: market cap. £76.84M. at 5.2p. TGL: market cap. £4.09M. at 0.675p. And remember who's head (Chairman) of Peterhouse Corporate Finance: Ilyas Khan of course! http://pcorpfin.com/the-board/ The same Ilyas Khan who has been buying up TGL shares massively over the last few months.

Yes FG, Today could well be the last day to buy in before TGL's final results on Monday 13th. Many of TGL's recent announcements have been issued on a Monday: Monday 23/03/2015 07:01 RNS Non-Regulatory Touchstone Gold Limited GOS Systems signs new MVNO agreement Monday 23/02/2015 15:37 RNS Non-Regulatory Touchstone Gold Limited Jamie Ridealgh Appointed to Executive Team Monday 26/01/2015 07:00 RNS Non-Regulatory Touchstone Gold Limited GOS Systems to Upgrade Networks Monday 22/12/2014 14:08 UKREG Touchstone Gold Limited Clarificatory Announcement Monday 15/12/2014 07:00 RNSNON Touchstone Gold Limited Update on Investee Company GOS Systems Monday 08/12/2014 07:00 UKREG Touchstone Gold Limited Appointment of New Director Monday 24/11/2014 13:59 UKREG Touchstone Gold Limited Holding(s) in Company Monday 10/11/2014 18:00 UKREG Touchstone Gold Limited Issue of Equity and Holdings in the Company Monday 03/11/2014 07:02 UKREG Touchstone Gold Limited Update on Possible Investment Maybe because these hard-working City types are putting in 'extra' hours over the weekend?

A 12.5% TGL rise today to 0.675p, on LSE volume of 7.8million shares traded, just ahead of its imminent final results. Which suggests that the 'master plan' may shortly be unlocked ...

Smudgedan, Steve Berry was the one who Tom Winnifrith really seemed to have it in for. In contrast TW seems to have a grudging respect for Ilyas Khan, describing him as "no fool". So would it be too much to hope that Steve Berry's departure might inspire a change in TW attitude here?! The impressive newcomers specifically brought in by TGL are all still in place. From the GOS Systems Investor Presentation March 2015: "Team • Deep knowledge and previous success in building businesses in the sector" "Senior GOS Team Jamie Ridealgh Chief Executive Officer • Over 15 years of operational security experience • Previously Director of Operations, Western Canada for G4S Secure Solutions • Extensive international experience in military, governmental and commercial sectors Richard Almeida TGL Non-Executive Director • Serial technology entrepreneur for 20 years • Founder of INSnet (sold to Cable & Wireless), Nominet and founding shareholder of Network Managers (sold to Microsoft) • Board advisor to MessageLabs (sold to Symantec) and Non- Executive Director of LINX Professor Arthur Gibson TGL Non-Executive Director • 30 year career in research and education • Senior Researcher, Mathematical Sciences, University of Cambridge and Professor at University of Roehampton and research at Jodrell Bank laboratories • Founding Chair of European Maritime Council • Advisor to House of Lords, government organisations and multinational corporations" http://www.touchstonegold.com/s/Presentations.asp

Ilyas Khan is speaking at a Cambridge University quantum computing debate in just under two weeks: "Debate: This house believes that quantum computing, while scientifically interesting, will not make a practical difference to society in our lifetime Dr Hermann Hauser, Co-Founder of Amadeus Capital Partners & Ilyas Khan, Leader in Residence and Fellow in Management Practice, Cambridge Judge Business School ... Date: 21 April 2015 ... " http://www.jbs.cam.ac.uk/media/events/towngown-quantumcomputing/ This shows his prestige in this area, and it will also help to raise its profile. So it could be the ideal time to unveil a tie-up between Cambridge Quantum Computing Ltd. & TGL.

Another link between the two companies is that GOS Systems has an office in Denmark: http://www.gos-systems.com/contact-us/ "GOS Systems taps investors in £30m Aim listing A technology specialist that can tap into terrorists’ phones and fight cyber security threats is marching onto Aim. By David Craik PUBLISHED: 00:01, Mon, Aug 5, 2013 ... The company has its headquarters in London but also maintains offices and hubs in Denmark, Singapore and Dubai. ..." http://www.express.co.uk/finance/city/419671/GOS-Systems-taps-investors-in-30m-Aim-listing

From the new GOS Systems presentation: "Organic Growth ... • Bid for new, larger contracts • Establish 3rd party partnerships" http://www.touchstonegold.com/s/Presentations.asp News on GOS Systems winning such new, larger contracts, and then the turnover and profits that stem from them, can turn TGL into one of the great long-term growth stocks. And the establishment of third party partnerships can clearly greatly assist in this process. It will be interesting to see what sort of partnerships they are targeting. But the bigger the better, and I look forward to receiving news on this shortly. Recent TGL RNSes certainly suggest that the company is very optimistic about its prospects, and that positive near-term newsflow may be expected to continue: 23/03/2015 07:01 RNSNON Touchstone Gold Limited GOS Systems signs new MVNO agreement "... Jamie Ridealgh, Chief Executive Officer of GOS, said: "We are delighted to enter into a new MNVO agreement. The arrangements further advance our strategy of growing GOS' product offering to existing and new customers as we focus on expanding our global customer footprint and increasing recurring revenue. We are well positioned to benefit from a sizeable and growing number of customers already choosing GOS, and we see firm opportunities in both the near and medium term to further accelerate our growth." ... http://uk.advfn.com/news/RNSNON/2015/article/66009596 25/03/2015 07:02 RNSNON Touchstone Gold Limited Contract win "... Franz Forrester, COO of Touchstone added: "We have previously provided updates to our shareholders that have confirmed the positive progress of GOS Systems. This latest news regarding a very important and significant client for one of GOS's premium services is exceptionally pleasing and further evidence of the value of GOS. Since GOS was acquired from the administrator it has not only retained its clients, but added to them both quantitatively as well as qualitatively. I look forward to providing shareholders with further positive news in the months ahead." ..." http://uk.advfn.com/news/RNSNON/2015/article/66044006

Hope everyone had a good Easter break - I certainly did. A time for reflection - about both the past, and the future. Regarding my 2 April posts above about the two Spectronics (i.e. Spectronic Denmark A/S and Spectronic Systems), it's a distinct possibility that they may have been linked in some way. E.g. one may have been set up by the other as a subsidiary, and later spun out / bought out. It would certainly be a coincidence otherwise: two 'Spectronic' companies both engaged in providing very similar homeland security products and services. And Spectronic Denmark A/S was sold to Cobham for £21.1M. in 2004, although it was relatively small (60 employees), which shows the serious value of GOS's intellectual property.

"Burnaby quantum computing company riding D-Wave of the future World's first quantum computers ‘could change the course of human history’ BY GILLIAN SHAW, VANCOUVER SUN FEBRUARY 11, 2014 ... “It’s rare a company gets put on the cover of TIME,” said Geordie Rose, a co-founder and chief technology officer of the company. “I think we’re in good company, when I was thinking about other companies that got put on the cover, I could only think of Facebook and Google.” Google is one of D-Wave’s customers, with a D-Wave Two installed at the new Quantum Artificial Intelligence Lab in California, which is a collaboration among NASA, Google and the Universities Space Research Association (USRA). D-Wave’s customer list is small, but illustrious. Along with Google, NASA and the USRA, it includes defence contractor Lockheed Martin and an unnamed American intelligence agency. ... The idea is quantum computers can solve problems that would take conventional computers centuries to solve, if they could solve them at all. And applying that kind of computing power to the vast amounts of data in a number of fields — from medicine, to finance, cryptography and others — could be a game changer. ... “It’s not yet at the stage of being mature,” he said. “Historically we’re roughly equivalent to the first Intel microprocessor, the 4004. People were willing to buy it but it wasn’t clear what it was useful for. “There was a sense in the community that they really had a tiger by the tail and if they did this right it could change the nature of humanity’s relationship to technology, which it did. “It’s very early, we’re at the stage of a first real product but it is the beginning of something that could change the course of human history.” D-Wave, which has created the first and so far only quantum computer systems, is a University of British Columbia spin off, co-founded in 1999 by Rose along with Haig Farris, Bob Wiens and Alexandre Zagoskin. ... “The concept was to try to build a global network of research scientists to answer questions we posed to them,” said Rose. “Back then no one had any clue how to build these machines.” Investors have poured more than $130 million into the company since it was founded, and today it has 100 employees, a number that is fast growing, said Rose. It has its skeptics, but that doesn’t faze Rose, nor apparently the company’s customers. ... " http://www.vancouversun.com/technology/Burnaby+quantum+computing+company+riding+Wave+future/9496545/story.html

Did people notice the interesting synchronicity in the following dates?! - "UK Defense Company Cobham Purchases Danish Company in Counter-Terrorism Bid Nov 4, 2004 Source: Western Daily Press Via NewsEdge Corporation" http://www.securityinfowatch.com/news/10594928/uk-defense-company-cobham-purchases-danish-company-in-counter-terrorism-bid 03/11/2014 07:02 UK Regulatory (RNS & others) Touchstone Gold Limited Update on Possible Investment 04/11/2014 08:02 UK Regulatory (RNS & others) Touchstone Gold Limited Acquisition " ... Through a wholly owned special purpose vehicle, Touchstone has acquired the assets, intellectual property rights and businesses that constitute GOS Systems (website: http://www.gos-systems.com/), a UK security group providing a range of leading-edge tactical intelligence gathering and secure communication solutions for law enforcement, homeland security and government agencies around the world. ...." http://uk.advfn.com/news/UKREG/2014/article/64273539 I.e. ten years to the day after Cobham bought a homeland security company called Spectronic, TGL was in effect doing the same! Also, TGL's current market cap. is £3.64M. (at 0.6p), about a thousandth of the current market cap. of Cobham (COB): £3.51 billion (at 308.7p)!!

"Will D-Wave Render Intel Obsolete? Mar. 27, 2013 3:44 PM ET ... My sense is quantum computers have a great deal to add to the world of technology. However, as you've read quantum computers are in their infancy. What they have the capacity to do is to optimize businesses. ... Dr. Williams: " ...So quantum computers and conventional computers are not necessarily in competition, as is often portrayed in the media. Rather they complement one another to enable new capabilities neither would achieve alone." " http://seekingalpha.com/article/1305021-will-d-wave-render-intel-obsolete Because quantum computers and conventional computers can complement each other, packaging together one organisation of each (e.g. GOS Systems with Cambridge Quantum Computing) could make perfect sense. If that happens with TGL, suffice to say I believe that we would looking at something massive here. Quantum computing is an area that I would want investment exposure to regardless. I.e. if the first UK-listed quantum computing company had been an IPO, I'd have been seriously looking at it with a view to buying in. And I'm sure that many others - both individuals and institutions - will feel the same. Because with quantum computing we're talking about the very future of computing itself, which is about as big as you can get. If TGL completes a quantum computing acquisition, which the company has said is possible, then it will be the only listed quantum computing company: not only in Britain, but in the entire World. Which will give it a compelling 'unique selling point' to investors, in an area which is likely to become increasingly talked about in coming months and years. An all-important 'wow' factor. While the fact that the first listed quantum computing company will be the only such one will of course create a scarcity value for the shares. Share prices are dictated by supply and demand for the shares, so with just a single quantum computing stock to choose from, but potentially the 'whole World' wanting to buy, there is only going to be one outcome. Think potentially of the internet stock boom of 1999-2000, but with supply restricted to only one share.

I think that the Cobham purchase was of Spectronic Denmark A/S, which is trading as Cobham Tactical Communications and Surveillance. http://www.cobham.com/about-cobham/communications-and-connectivity/about-us/tactical-communications-and-surveillance/audio-surveillance/business-units/spectronic.aspx I don't know if that Spectronic was linked to the Spectronic Systems that was one of the three companies that were combined to create GOS Systems. But either way, the price paid by Cobham highlights the immense value of GOS Ssytems in comparison to TGL's current lowly market cap. "MEGABUYTE GOS Systems to list on AIM 15 July 2013 ... Meanwhile, McQueen told us that other competition for GOS comes from very small, geographically focused, engineer-led businesses that are relatively under-resourced and lack a clear sales and marketing strategies. However, despite the lack of direction, these smaller vendors often have rich IP and have formed the basis of GOS as it stands today, having acquired three businesses (Aappro Ltd, Golden Orb Networks, Spectronic Systems) to create the company. By adding an effective sales and market strategy to the acquired technologies, GOS is looking to position itself as a lead mid-market player in the homeland security market...." http://waterbridgecapital.com/gos-systems-intention-to-float-on-aim-gets-international-coverage/

"UK Defense Company Cobham Purchases Danish Company in Counter-Terrorism Bid Nov 4, 2004 Source: Western Daily Press Via NewsEdge Corporation UK defense group Cobham spent GBP21.1million on a Danish spy gadget company yesterday in its bid to become market leader in counter-terrorism products. Spectronic, based in Grenaa, specializes in audio surveillance and internet interception products, and employs 60 people. The acquisition is the fourth such purchase by Cobham, based in Dorset, for its Chelton avionics division. All four firms manufacture secret technology sold only to governments. The anti-terror industry has been booming since the terrorist attacks on the World Trade Centre in 2001. Spectronic's products include technology which enables governments to listen to mobile phone conversations. Cobham said the cash purchase of Spectronic was "highly complementary" to other firms it has acquired. In April, Cobham spent GBP26.3million on DTC Communications, a US maker of surveillance and tracking products. These include communication systems which link field personnel to unmanned aerial and ground vehicles. DTC has 150 employees, including a technical staff of 41, and is based in Nashua, New Hampshire. Cobham also owns Canadian firm Orion Electronics, which is based in Nova Scotia and makes GPS tracking equipment largely for US forces. Another subsidiary is Micromill Electronics, a Hampshire company that makes radio data systems which are designed to operate in harsh conditions for the Ministry of Defense. A Cobham spokesman said: "The single thread that runs through all of these firms is counter-terrorism. "The homeland security market is growing as we all know and these acquisitions reflect that. "What Cobham is trying to do is be in market-leading positions in niche product areas." The firm added that it "wouldn't rule out further acquisitions." Cobham chief executive Allan Cook said: "The acquisition of Spectronic provides our customers with a broader range of homeland security communication solutions. "Of special interest are their intercept products for internet applications, a rapidly growing market." Cobham posted a 7.8 per cent rise in first-half pre-tax profits to GBP51.8million in September, and hinted that the second half could be even better." http://www.securityinfowatch.com/news/10594928/uk-defense-company-cobham-purchases-danish-company-in-counter-terrorism-bid

"MI6 chief says service is in 'technology arms race' with terrorists and criminals Alex Younger, head of Secret Intelligence Service, defends use of internet and big data to protect the country Press Association Tuesday 31 March 2015 00.38 BST Britain’s intelligence agencies are engaged in a “technology arms race” with terrorists, cybercriminals and other “malicious actors” bent on causing the country harm, the head of MI6 has warned. Alex Younger said the agencies were facing opponents “unconstrained by consideration of ethics and law” who were exploiting internet technology to put lives at risk. In his first public comments since taking over last year as chief of the Secret Intelligence Service (SIS) – as MI6 is more properly known – Younger said traditional human espionage was becoming increasing intertwined with “technical operations”. Speaking to an invited audience in London, he said that using the internet and big data had enabled the agencies to “sharpen some very human characteristics” of their work. ... " http://www.theguardian.com/uk-news/2015/mar/31/mi6-technology-arms-race-terrorists-criminals "Big Data • Governments and law enforcement agencies increasingly require the retention by commercial organisations of mass electronic communication data • Stored data is doubling every 1.2 years" http://www.touchstonegold.com/s/Presentations.asp

1st. April was also the date that TGL's final results were released in 2014. TGL sometimes releases RNSes later on during the trading day though, and even after hours, so maybe we will receive something later today. It's not so much the numbers that will be interesting, but the accompanying statement: two things to look out for are news on a name change from Touchstone Gold, and news on the potential acquisitions that TGL have been assessing. As well as the finals, TGL are also due to give a first quarter trading update, with full-year outlook, for GOS Systems. Several RNSes released since TGL acquired GOS five months ago have indicated that GOS is trading very well indeed.