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.

Looks like its going to be an all paper deal and the prospective target has forced the disclosure so that the price does't race away too much.

Having said that it may do a QXL tomorrow :-)

SW

Haven't seen the article myself, but I'm told that chartist Zak Mir has made IDD his "chart of the week" with a prediction that the shares could almost treble within three months.

I have taken the opportunity to top up.

not much volume on id data today? yet nearly 4 million shares traded yesterday, only 741,000 todat, what's going on anyone?

no messages on idd for a few days,a bit worrying(this is 'my building up a new computer' fund!)
Just read all the articles on this thread,quite ammusing(might be the beer though)
My opinion is that if there is going to be a significant rise it will be at least 6 months,i think it will be worth the wait.

ZAK MIR (t1ps analyst) recons it will trebble in the next few months

azhar - do you have the Zak Mir Post?

jfletendre please try one of these as I can't remember which one it was. www.everyinvestor.co.uk, UK-Analyst.com or t1ps.com

thanks azhar

mornin all, just back from holls, had to dig deep to find you, like the bit re x3 in months xfinger D.

Hi Douggie
Yep, we are all still here, waiting for new contracts to send this stock flying
Excellent buying opportunity today

not many trades today....but closed blue room for optomism xfinger D. :-))

Something stirring ???

bout time !!! ;-)

what's going on? 230,000 buys and NO sells!

Exactly what cards have been produced by IDD?
All mine are by Oberthur. Or is the latter just a supplier and they buy fromm IDD and others?

ID Data PLC
24 February 2004

ID Data plc ('ID Data' or the 'Company')



Additional Listing



The Company announces that 1,750,000 new Ordinary Shares of 1p each (the 'New
Ordinary Shares') have been issued and allotted following a conversion of
Secured Convertible Loan Notes.

Application has been made for the New Ordinary Shares to be admitted to trading
on AIM, and admission is expected to become effective at 8a.m. on 27 February
2004.

Does this mean that those who already own IDD shares will be offered more at a reduced price? Hope so, SEO new shares are up over 100% but the original haven't moved since.

What damage can new shares do?

1,750,000 shares is only a drop in the ocean to the number of shares in circulation. This shouldnt really affect current standing. These shares wont be offered o the public.

ID Data (IDD) will pay 3.3 million for the Petersfield-based company, which both manufactures plastic cards and personalises them by putting the personal data onto them and sends them out to individuals.
The company will pay an additional 400,000 based on certain conditions, which include Mids & Horsey's owner handing over the business debt free.
ID Data has raised a total of 4.4 million, 3.4 million through a vendor placing at 7p for the acquisition and a further 675,000 through the issue of new shares at 7p, which will provide additional working capital.
Chief executive Peter Cox, who has subscribed for a further 100,000 of shares to take his holding in ID Data to 14.2% of the company, told Citywire that the additional volumes the company will be able to put through the Mids & Horsey plant will help speed up the company's path toward profitability.
He said the plant is a very modern facility that is Visa and Mastercard accredited. As well as giving ID Data extra capacity, it will also provide a stepping stone, to give the company the option to move its manufacturing offshore to a cheaper geography.
Mids & Horsey currently produces mainly magnetic stripe cards, but Cox said it will now start to produce chip-based smart cards.
ID Data has for some time been waiting for the smart card market to really take off, which should be driven by Visa and Mastercard's requirement for all banks to be chip-card compliant by 2005.
Today Cox said the company is at an advanced stage of negotiations with two financial services companies.
As well as the extra capacity, the acquisition also brings in new customers including Hertz, Avis and Hilton.
ID Data shares are down 0.125p at 6.875p, valuing the business at just over 14 million. (continued...)

Citywire Verdict:
The fact that ID Data has increased its institutional support in this placing is good, as is the placing price of 7p, which was around where the shares were trading and therefore not given away at a discount price.
ID Data has been another one of those companies with plenty of promise but whose lack of real progress has tested investors' patience.
Nevertheless the industry drivers are in place for significant growth in smart cards and as the only UK player in the business, ID Data should be well placed, if not to go it alone then as a target for a larger rival.
The company also has its OriginJ software on the back burner to add that extra frisson of possibility.
You may think you've heard it all before but if the company does come up with two significant contracts in the coming months it should restore some confidence, and if it does manage to become a significant force in the smart card world, 14 million will look very cheap. Plenty of risk on the downside, but the upside could still be big

Bungled the marketing though. (not in sunday papers; rns placing before the rns acqusition)