Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

I D Data, Plenty Of Upside From Here Onwards. (IDD)     

goldfinger - 13 Oct 2003 14:48

Activities

Provision of secure transaction systems and services to the international banking, telphony, retail, and security markets, using a range of smart and magnetic card solutions

In the recent Agm the chairman said "the company has made a positive start to the financial year and the board remains optimistic about prospects for the business."

Pre-tax losses have also nearly halved from 6.4 mln to a loss of 3.4 mln on cost cutting. They have also had a successful fund raising.

Also chart indicators show that it may be time for the next leg upwards past recent resistance at 7.5p. and please remember you are responsible for the timing of your own buying and selling actions.

draw_chart.php?epic=IDD&type=1&size=1&pe


gf.


capetown - 13 Dec 2006 15:17 - 1070 of 1253

OFF TOPIC

CANADA1,check out your IMR thread!!

canada1 - 13 Dec 2006 15:33 - 1071 of 1253

ct, can't see it!

capetown - 13 Dec 2006 15:56 - 1072 of 1253

its there!!

search for it

canada1 - 13 Dec 2006 16:00 - 1073 of 1253

Nope, can't find it on imr, just seen rcg, just like igp, another wudda, cudda, shudda.

rampage - 14 Dec 2006 10:01 - 1074 of 1253

Up again today
Faint glimmer of light at the end of the tunnel maybe ?

parthus - 14 Dec 2006 10:06 - 1075 of 1253

looks like the day traders are on the case

contrarian - 14 Dec 2006 11:16 - 1076 of 1253

would it make sense for a bigger player in the sector to be buying out this outfit?
having to borrow a million for working capital not so long ago was not a great sign but the retructure and surely,cheaper labour costs with the opening of polish factory is positive.
could it be a bargain for someone?
somethings afoot and we'll know soon once the big money is on.

capetown - 15 Dec 2006 09:10 - 1077 of 1253

Up again today and the narrowest spread i have ever seen on idd,.74/.75

parthus - 15 Dec 2006 09:14 - 1078 of 1253

well we deserve it!

capetown - 15 Dec 2006 09:22 - 1079 of 1253

We have a very long way to go but this is really looking good,
Trading in this stock will improve if the spread stays where it is

capetown - 15 Dec 2006 13:50 - 1080 of 1253

Up 9% on 12 DEC

UP 17% on 13DEC

Up 4% on 14DEC

Up 9% Today

SOMETHING has to be going on,bring it on IDD,have been VERY patient with this one

rampage - 15 Dec 2006 15:04 - 1081 of 1253

Me too capetown
Good to see some upward movement at last. maybe good news out soon but as always small investors the last to find out
I have always been relatively happy with the commitment of Peter Cox in this Co
having committed a lot of his own cash to the cause - always a good sign

goal - 15 Dec 2006 16:51 - 1082 of 1253

ID Data PLC
15 December 2006


Press Release 15 December 2006

ID Data Plc

('ID Data' or 'the Company')

Total Voting Rights and Share Capital


For the purposes of the transitional provisions of the Financial Services
Authority's Disclosure and Transparency Rules, the total number of ordinary
shares of 1p of ID Data in issue as at the date of this notice is 1,191,429,729
with each share carrying the right to one vote.

There are no shares held in treasury.

The total number of voting rights in ID Data is therefore 1,191,429,729.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, ID Data, under the Disclosure and
Transparency Rules.


- Ends -


For further information, please contact:
ID Data Plc Tel: +44 (0) 1730 235 700
Peter Cox, Chief Executive

peter.cox@iddata.com

www.iddata.com


KBC Peel Hunt Limited
Oliver Scott / Gordon Suggett Tel: +44 (0) 20 7418 8900

www.kbcpeelhunt.com


Media enquiries:
Abchurch
Henry Harrison-Topham / Chris Lane Tel. +44 (0) 20 7398 7700

henry.ht@abchurch-group.com

www.abchurch-group.com

capetown - 15 Dec 2006 18:07 - 1083 of 1253

Topped up again today,ave,now 1.10

BUY CONFIRMED BRITISHBULLS.CO.UK

capetown - 18 Dec 2006 13:29 - 1084 of 1253

Canada1,
IMR???

goal - 18 Dec 2006 15:13 - 1085 of 1253



ID Data PLC
18 December 2006


Press Release 18 December 2006



ID Data Group Plc

('ID Data' or 'the Company')

Change of Name



At the Company's annual general meeting shareholders approved a special
resolution to change the Company's name to ID Data Group PLC. The Registrar of
Companies has confirmed that the new name of the Company has been registered and
a Certificate of Incorporation on Change of Name has been issued.



All of the Company's United Kingdom operations have now been moved to the new
registered office at New Mint House, Bedford Road, Petersfield, Hampshire GU32
3AL.


-Ends-

rampage - 18 Dec 2006 16:02 - 1086 of 1253

Presumably the epic will remain the same ?

rampage - 21 Dec 2006 15:56 - 1087 of 1253

Two M-M buys 5mil in total
Very close spread now, very interesting

capetown - 22 Dec 2006 09:08 - 1088 of 1253

ANOTHER 2x 2.5MILLION m trades,

HOLDERS get ready to enjoy holding these in the NEW YEAR

capetown - 22 Dec 2006 11:47 - 1089 of 1253


Home Log Out Upgrade Our Services My Account Contact Help



Stockwatch Level 2 Portfolio Charts Shares Magazine Research Quote Indices Market Scan Company Zone Traders' Room
NewsWatch Trades Terminal Alerts Stock Screener Heatmaps News Mobile Futures Forward Diary Investors' Room
World Markets Webcast Directory Travel Personal Finance Insurance Forex Loans Credit Cards Mortgages MoneyAM Blogs






ID Data PLC
22 December 2006


Press Release 22 December 2006

ID Data Group Plc

('ID Data' or 'the Company')

Interim Results for the six months ended 30 September 2006


ID Data Group Plc (AIM:IDD), the provider of secure, card-based transaction
systems and services to the retail, government, bank and financial sectors,
today reports its Interim Results for the six months ended 30 September 2006.


Summary

Sales of 4.12 million (2005: 6.61 million)

Loss of 2.24 million (2005 loss: 1.22 million)

Improvement in margins following cost reductions resulting in lower break
even sales figure

Polish activities profitable and expanding

Major contract wins and solid pipeline

Interim financing implemented in October 2006

Commenting on the results, Peter Cox, Chief Executive of ID Data Plc, said: '
This has been a challenging six months for ID Data. We have had to turn away
business in order to protect our margin and this has resulted in lower turnover
and an increased loss for the period.

'Encouragingly, ID Data has recently won several good contracts at an
appropriate margin and this demonstrates that the Company can compete and win
against stiff competition. The Company's Polish joint venture has performed
strongly and is trading profitably.'


For further information, please contact:
ID Data Group Plc Tel: +44 (0) 1730 235 700
Peter Cox, Chief Executive

peter.cox@iddata.com

www.iddata.com



KBC Peel Hunt Limited
Oliver Scott Tel: +44 (0) 20 7418 8900

oliver.scott@kbcpeelhunt.com

www.kbcpeelhunt.com



Media enquiries:
Abchurch
Henry Harrison Topham / Chris Lane Tel. +44 (0) 20 7398 7700

henry.ht@abchurch-group.com

www.abchurch-group.com



Chairman's statement

As I reported in September when ID Data's Annual Report and Accounts were
released, your Company has been operating in a very challenging marketplace.
Our refusal to accept business which would have further depressed margins shows
through in these half year results.

Notwithstanding the reported fall in turnover and the associated increase in
pre-tax losses, the business is in better technical order than ever before and
our product offerings are at the forefront of market needs. The recently
announced contract to supply Multos cards to Norway is a case in point.

On the production front, our joint venture in Poland has got off to a profitable
start and lowers the Company's cost base enabling us to quote competitively for
new and renewal business. We are already seeing customers returning to us, not
simply on price but on our ability to provide complete solutions to their needs.

Faced with continuing outflows of cash, interim arrangements have been put in
place with the support of our bankers whilst a longer term re-financing will be
completed in early 2007.

Industry consolidation is expected to continue and your Board intends to be an
active participant in that process. With a more flexible cost base, attractive
products and an ability to operate at the leading edge, your Board is confident
that considerable progress will be made in 2007.


JM Blackburn
Chairman
22 December 2006


Chief Executive's Statement

The current year has been seen as the final year of transition in our business
strategy to become a variable cost business, with future revenues coming from
three key activities: the card manufacturing and personalisation business, card
processing software licensing, and value-added services where we deliver total
solutions to clients and provide managed services.

Looking at the current results, I feel it is appropriate to provide a more
detailed insight into our business and its activities so that shareholders can
fully understand the strengths, risks and opportunities of the Company. As
stated, the current trading period has been challenging with a slow down in the
global card sector resulting in industry-wide over capacity, aggressive pricing
and delays in major projects due to client budget issues driven by the economic
uncertainty in some of the sectors in which we serve.

In facing this business environment your Company decided to decline a
considerable amount of business where the prices would endanger its future
profitability. This policy drastically reduced sales in first half of the year,
but is now rewarding us as we gain new contracts at the right price and
contribution to overheads.

The recent RNS contract announcements demonstrate that we are capable of winning
substantial contracts through delivering quality products and services using our
world class capabilities.

The impact of our restructuring and relocation of labour intensive production to
Poland has enabled your Company to manage the current market conditions and
limited the impact on our bottom line through improved margins.


Business activity review


The card production and personalisation business

Recognising the current business climate, your Company has still made
significant progress following its strategy aimed at gaining only profitable
business and not taking business at any price. The result has been lower sales,
but thanks to our offshore production and ongoing product development, we have
managed to increase margins hence minimising our losses through the difficult
first half. Our Polish Joint Venture has been profitable throughout the period
and with future increased volumes will, we believe, deliver significant returns
as the volume and complexity of product increases.

The impact of lower sales has been in the UK where we deliver the sophisticated
personalisation and management of card solutions for clients throughout Europe.
The current cost base is in line with our desire to have sales in excess of 14
million in card products and services, delivering a profit, so the lack of
volume has had a negative impact on the bottom line during this period.

We believe this situation is temporary, as we are now seeing an increase in
demand with customers who previously purchased on price returning, asking for
more complex solutions and being prepared to pay the appropriate price.

Our card business has four distinct sectors: Retail, Banking/financial,
Government and Leisure/membership.

I would like to inform you about the developments in these sectors in some
detail to allow you as investors to clearly understand our value.

RETAIL: ID Data is recognised as an innovative market leader and one of the few
companies in the world capable of delivering significant retail card launches in
short time scales, as evidenced in the past by deliveries for Nectar and Tesco,
where tens of millions of cards were produced, personalised and successfully
delivered to consumers in very short time scales. Our innovation has been
demonstrated recently through the launch of the patented Key tag which has now
been adopted by some of Europe's leading retailers and will result in
significant sales over the coming years.

The future of our retail offering will become even more exciting as the move to
more sophisticated technology, using chips and RFID / near field communications,
will drive the contract value and margins for our business.

BANKING & FINANCIAL: The introduction of the chip and pin card has changed this
market from a simple card production business to one requiring technology driven
solutions. ID Data is fully capable of delivering MasterCard and Visa approved
solutions and has already secured major contracts in the UK and Europe for chip
based programs. We are EMV accredited.

The move to more complex payment solutions including multi application cards and
the mergers of our major competitors means we are now receiving record numbers
of enquiries, which should result in a significant increase in sales over the
next 15 months.

GOVERNMENT: The biggest prize and target for ID Data is the proposed
introduction of ID cards across Europe. We are developing solutions to meet
these needs and lobbying to ensure our capabilities are recognised by the
appropriate decision makers.

Your Company already has at its disposal leading-edge technology that has been
included in such major contracts as the US Green Card programme plus the Italian
and Saudi Arabian identity card programs.

We have already had significant success stories in the government sector with
the Post Office Card Account and National Smart Card projects and we expect
further contracts from local and national government in the coming months.

LEISURE and MEMBERSHIP: ID Data has a significant business supplying hotel and
leisure management card solutions, and in this sector we are seeing a move to
higher technology products including contact and contactless chip card solutions
leading to enhanced revenues and returns. We believe this business sector has
significant growth capability in the near future.


Card management and software

Two years ago we acquired the loss making CardBASE business in Ireland. The
company had some 30 million of investment prior to our purchase and significant
ongoing losses whilst continuing its development of leading edge card management
solutions. Our strategy is to look at ways to maximise our return on this
business unit and gain significant traction and value from the investment.

CardBASE's products historically have been ahead of market needs, but now with
multi-application chip cards becoming more common, the need for this technology
is emerging in the Retail, Banking and most importantly Government applications
of E Passports, ID and Health.

CardBASE has already delivered solutions to blue chip organisations, but current
revenues are highly volatile, and its bottom line, like most software companies,
moves dynamically subject to the current licence sales levels. Our challenge
here is to gain sustainable profitability and maximise shareholder value on what
we see as an under valued asset in our portfolio.


Value added services

This is where we believe our Company's future lies, our strategy being to
position the business to be a full provider of end -to- end solutions to clients
who require a fully outsourced solution around their card activities.

ID Data already has contracts to manage support services for local government
and retailers; the challenge now is to enhance our capabilities in delivering
more complex services that generate consistent monthly revenues and margins.


Industry Structure

In reviewing our current capabilities we can see significant opportunities to
consolidate similar businesses into our now flexible cost based activities.

The past year has seen many card production companies suffer poor cash flow and
diminishing returns. ID Data believes that the time is now right to consolidate
some of these businesses into its structure. By doing so we should gain
significant top -line sales and further develop our investments in Poland where
we have the capacity to expand sales to some 500 million cards per year, whilst
reaping the benefits of its lower cost base. We have identified three companies
which would benefit from coming together with us and, subject to price, are
hopeful, that we will move forward in the New Year on these discussions.

A similar logic applies to the CardBase business as it too needs scale and
improved geographical coverage. Consequently we are looking at merger
opportunities and alternative ways to enhance its value.


Distribution and Sales

The key to our future now, is very much about revenue. We have addressed this
by appointing Tim Cronin as our Sales Director for the core business. Tim was
the Managing Director of Orga Card Systems and has an excellent track record.


Conclusions

ID Data is now seeing its determination and strategy working, where we have
regained clients who had departed on price considerations but have found that
the services offered by others were incomplete. We have gained significant new
business from clients based upon our proposition of 'flexibility, innovation,
customer service and value'.

Recent new contract announcements and renewals have demonstrated our capability
to compete with the market leaders.

We are increasing our geographical coverage through direct sales offices in
India, Poland and Latvia and we have strengthened our UK based sales team.
Accordingly we expect increased sales with improved contribution from our core
business activities.

Our short term challenge is to complete our funding requirements and then drive
the sales line to deliver profitability.

We have never been so well equipped to deliver success as we are now. My team's
job is now very clear - deliver profitability and high investor returns.


Peter Cox
Chief Executive
22 December 2006


Consolidated Profit and Loss Account

Notes 6 months 6 months 12 months
to 30 Sept to 30 Sept to 31 March
2006 2005 2006
(unaudited) (unaudited) (audited)
'000 '000 '000

Group and share of Joint Venture turnover 4,721 6,625 13,021
Less: Share of Joint Ventures turnover (601) (16) (930)
_____ _____ ______
Group turnover 4,120 6,609 12,091

Cost of sales (4,599) (6,198) (11,981)
______ ______ _______
Gross profit (479) 411 110

Sales and distribution costs (492) (373) (624)
Administrative expenses (1,243) (1,072) (2,310)
______ ______ ______
Operating Loss (2,214) (1,034) (2,824)

Group share of operating profit in Joint 42 (3) 16
Ventures
______ ______ ______
Group Operating Loss (2,172) (1,037) (2,808)

Fundamental reorganisation costs (3) 16 (12) (791)
______ ______ ______
Loss before interest and taxation (2,156) (1,049) (3,599)

Interest receivable and similar items - 10 45
Interest payable and similar charges (77) (174) (199)
Group share of interest payable in Joint (9) (3) (4)
Ventures
______ ______ ______
Loss before taxation (2,242) (1,216) (3,757)

Taxation - - -
______ ______ ______
Loss after taxation (2,242) (1,216) (3,756)
====== ====== ======

Basic and diluted loss per ordinary share (2) (0.2)p (0.2)p (0.4)p
(pence)



Consolidated Balance Sheet
As at As at As at
30 Sept 30 Sept 31 March
2006 2005 2006
(unaudited) (unaudited) (audited)
'000 '000 '000
Fixed assets
Intangible 3,022 3,414 3,192
Tangible 1,793 2,498 2,172
Investments 593 565 565
Investment in Joint Ventures:
Share of gross assets 608 117 486
Share of gross liabilities (615) (232) (569)

Share of net liabilities of Joint Ventures (7) (115) (83)

5,401 6,362 5,846

Current assets
Stocks 582 680 767
Debtors 2,744 3,703 2,983
Cash at bank and in hand 462 981 771

3,788 5,364 4,521

Creditors:
Amounts falling due within one year (4,801) (3,619) (3,189)
Net current assets / (liabilities) (1,013) 1,745 (1,332)
Total assets less current liabilities 4,388 8,107 7,178

Creditors:
Amounts falling due after more than one year
(including loan stock) (100) (191) (159)
Provisions for liabilities and charges (418) (167) (787)

Net assets 3,870 7,749 6,232

Capital and reserves
Called up share capital 11,914 10,914 11,914
Share premium account 20,719 20,740 20,719
Merger reserve 1,958 1,958 1,958
Revaluation reserve 415 415 415
Profit and loss account (31,136) (26,278) (28,774)

Equity shareholders' fund 3,870 7,749 6,232



Consolidated Cash Flow

30 Sept 30 Sept 31 March
2006 2005 2006
(unaudited) (unaudited) (audited)
'000 '000 '000

RECONCILIATION OF OPERATING LOSS TO OPERATING
CASH OUTFLOW

Operating loss (2,214) (1,034) (2,824)
Amortisation of intangible fixed assets 197 185 416
Depreciation of tangible fixed assets 407 544 1,013
(Increase) / decrease in debtors 239 (618) 588
Decrease in stocks 185 281 194
(Decrease) / increase in creditors 470 (2,025) (1,978)
Exceptional restructuring costs (369) (353) (512)
(Profit) / loss on disposal of fixed assets - - 13

Net cash outflow from operating activities (1,085) (3,020) (3,090)

Returns on investments and servicing of finance (120) (163) (74)
Capital expenditure and investing activities (71) 413 (207)
Fundamental reorganisation costs 16

Net cash outflow before financing (1,260) (2,770) (3,371)

Financing 951 3,755 4,146

Increase / (decrease) in net cash in the period (309) 985 775


RECONCILIATION OF NET CASH FLOW
TO MOVEMENT IN NET DEBT

Increase / (decrease) in net cash in the period (309) 985 775
Repayment of lease finance 88 136 274
New finance leases - - (28)
(Increase)/ decrease in trade and other debt (1,039) (29) 3,725

Change in net debt arising from cash flows (1,260) 1,092 4,746

Conversion of loan stock to ordinary shares - 3,508 -

Movement in net debt in the period (1,260) 4,600 4,746

Net debt at beginning of the period (605) (5,351) (5,351)

Net debt at end of period (1,865) (751) (605)


Consolidated Statement of Total
Recognised Gains and Losses
30 Sept 30 Sept 31 March
2006 2005 2006
(unaudited) (audited) (audited)
'000 '000 '000

Loss for the financial period (2,242) (1,216) (3,757)
Foreign exchange adjustment (120) - 46

Total recognised gains and losses for the period (2,362) (1,216) (3,711)


Notes to Interim Statement

(1) Basis of preparation

The financial information contained in this statement does not constitute
statutory accounts within the meaning of the Companies Act 1985 and is
unaudited. The results for the six months period to 30 September 2006 have been
prepared using accounting policies consistent with those used in the preparation
of the audited accounts for the period to 31 March 2006.

These unaudited accounts do not amount to statutory accounts within the meaning
of section 240 of the Companies Act. The results for the year ended 31 March
2006 summarised in this statement are an abridged version of the Group's full
accounts, which received an unqualified Auditors' Report and have been filed
with the Registrar of Companies.

During the period the Group incurred losses of 2,242,000 due to quiet trading
conditions. However, the directors have taken actions to reduce the Group's
costs by, inter alia, a reduction of staff from 203 to 146 in the period under
review and the closure of the site at Corby in June 2006. Following interim
financing being put in place by the Company's financier in October 2006, the
Company is in active negotiation with financing companies and other sources of
funds for additional financing. The directors believe that these measures will
be successful and will lead to the generation of profits and positive cashflows
for the Group, although this will ultimately be dependent on improved trading.

The directors believe they have considered all relevant information and have
concluded that it is appropriate to prepare these financial statements on the
going concern basis.


(2) Loss per share

The calculation of the Group's basic loss per share for the six months ended 30
September 2006 is based upon the weighted average number of shares in issue
during the period of 1,191,400,000 (six months to 30 September 2005:
533,255,415; year ended 31 March 2006: 857,866,381) and a loss after taxation
for the period of 2,242,000 (six months to 30 September 2005: 1,216,000; year
ended 31 March 2006: 3,757,000).


(3) Exceptional item

The exceptional item incurred in the year to 31 March 2006 relates to
fundamental reorganisation costs across the Group.


(4) Analysis of changes in net debt

March Cash Non-cash September
2006 2006
'000 '000 '000 '000

Cash at bank 771 (309) - 462
Overdrafts - - - -
771 (309) - 462

Trade debt facility (1,055) (1,039) - (2,094)
Finance leases (221) 88 - (133)
Loan stock (100) - - (100)

(605) (1,260) - (1,865)



Copies available

Copies of the interim report will be sent to all shareholders and are available
to the public, free of charge, from the Company's registered office at New Mint
House, The New Mint House, Bedford Road, Petersfield, Hampshire GU32 3AL.


This information is provided by RNS
The company news service from the London Stock Exchange

IR BBBDDGXDGGLD





| Register | Our Services | About MoneyAM | Terms and Conditions | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us |
2006 MoneyAM
Register now or login to post to this thread.