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.




gf.

More evidence of the way forward. Good news !

I think I'll wear some smart new pants canada!

i hear EDS have won a big US Govt ID Card contract. Also a potential UK Id Card supplier. idd worked on the PO Card account with EDS. might be something, might not. zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

these had the best system with your eyes in 2002
but us govt went for the cheaper just like the british goverment
like your driving licence, the new pastport even the police use photo copy
finger prints and signatures this one been in the news in the last few weeks
the best one is the machine that they use at 40.000 each to the tax payer
but police now say your finger print change using this sytem
just think when you but your bum on a photo copy it could be big or small

Good article on IDD in shares this week,suggesting the shares should come to life!!!

Can you put up a link to this article please capetown?

grandadg90,
Will fish it out and post it on here later today.

Still looking for the article,i have misplaced it,will post on here as soon as i can.

patience wearing thin anyone?

still a way to wait, if in fact idd are even in the mix,

fingers crossed

http://www.itweek.co.uk/computing/news/2190552/id-cards-deals-primed-start

Patients did you say?, Warren Buffet's got nothing on me, I've been in since Peter Cox and Henry Ford went to school together.
Looks like the 30 mil sell at .75p and the 2.5 mil at .8p can now buy back for .72p, nice profit!!

grandadg90,here it is,
Smart card ID DATA have made lossesover the past few years,yet it continues to hold a solid customer base,tesco,ba.royal dutch shell.

Its latest achievment has been to secure the custom of prepay card service provider Credcard for 750,000,this acquisition is expected to boost future profitability,Europes mkt for prepaid cards is estimated to be 360million cards

The groupn also plans to raise funds over the coming weeks,

If idd continues to strengthen customer base profits could improve and the SHARES COULD COME TO LIFE,

Well i hope its before the end of my lifetime!!!!

Cheers capetown

igp put in a stunning set of results this morning, raised money at 33p, now 49p to buy.

This information is provided by RNS
"ID Data Group Plc (AIM:IDD), the smart card solutions and outsourcing business,
announces that on 25 May 2007, it completed the acquisition of the business and
assets of CredEcard plc ('CredEcard'), the pre paid card service provider, for a
total consideration of up to 725,000 in cash and shares, subject to the new
business achieving specified performance objectives over the next two years.

The initial consideration comprises 25 million ordinary shares of 1p in ID Data
('Ordinary Shares'). Application has been made for the new Ordinary Shares to be
admitted to trading on AIM and it is anticipated that dealings will commence on
1 June 2007.

Highlights

- European market for pre paid cards is estimated to reach 360 million cards by
2010
- ID Data moves up the 'value chain' and into financial services
- ID Data's key relationship with MasterCard(R) strengthened
- Acquisition is expected to enhance future profitability of the group
- Additional funds to be raised to allow more rapid development of the pre paid
business


Commenting on the acquisition, Peter Cox, CEO of ID Data Group plc, said:

'Completing the acquisition of the CredEcard business puts ID Data further up
the 'value chain' as the Company can now offer a full range of financial
services in the rapidly expanding pre paid card business, under the CredEcard
brand. The pre paid market is growing at a dynamic rate and the future for
businesses servicing this sector is exciting. We are now in a position to
aggressively tackle this market opportunity, in a sector that, historically, has
enjoyed higher profit multiples than our core card related businesses. The
acquisition will also allow us to further develop opportunities with our
existing European customers in retail, government, leisure and banking.' "

Thanks Harrycat,
Quite an upbeat statement from P Cox,market obviously not very moved by it,i guess even more patience is required to either reap rewards or watch the lights go out.

Gordon Brown calling for identity cards in Prime Ministers question time, on now.

I am on the verge of giving up on this one and taking a loss,can anyone think of a reason not to?

i cant think of a sound reason capetown. i'm feeling as stale as old crust!

Two trades gone through of over a mill each at .70,guess they know more than me,or have more money than me,All will be revealed.

i sold out a month ago. lost a bit as well. can't help thinking it will move, but i can't hang around forever. i will def buy in again but trying my luck elsewhere now and guess what....this new one even though it isn't a penny share ain't much better! oh the joys of learning painful investing lessons... dow jones at an all time high and me enjoying an all time low. good luck to all playing this game.