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.

:o))))

With the recent aquisition this sounds good news
As chip and pin has to up and running by 2005 this could an interesting year for IDD holders

Any of you read this link..about the acquisition and more.
Good read!

http://www.smartcardstrends.com/det_atc.php?idu=513&PHPSESSID=b8a9c4e4db4482bfdf4629c254142418

Jailbird
Good post, Excellent read indeed!
This is going to be a great year for IDD holders
Get'em while they're cheap! Hopefully we wont see these prices for much longer
IMHO

jailbird, thanks for the link.

Very interesting article and just sort the of marketing publicity needed for IDD to win the big contracts for chip & pin banking and credit company smartcards.

There is also now a big national advertising TV campaign for these type of cards thus promoting the awareness to the public of the need for them and creating a large surge for everyone to get one. IDD most certainly have the capacity and accreditation with the financial industry and this must help MM's to market the company to get the big investors to pile in and move the share price up.

Like you commented rampage, "Get'em while they're cheap!"

IMHO the shares definitely (not hopefully) won't be at this price for much longer for us retail investors!

All sounds great but why are they not being snapped up??????????

anyone got any other info on idd?Only been doing this share thing for a year so still learning!Had a good run so far but feel there must be something i'm missing with this company!

cheers

banjomick,

Some info as requested,

CITYWIRE
by Joanne Wallen

Mon 8 March 2004
ID Data makes smart acquisition
Smart card maker ID Data has moved considerably closer to profitability and is gearing up for some business in the pipeline with the acquisition of card company Mids & Horsey.


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.


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.


http://www.citywire.co.uk/search/result.asp?vid=63446&kid=&uid=&cid=&ctid=&sid=&fid=&iid=&type=&dateEnd=17/04/2004%2023:59:59&rurl=/search/result.asp

cheers affc21 for the info.Will hold and hopefully watch this company do well over the next few months.

Goal if you are out there as per my post on the goldfinger thread three months back I have been reducing my exposure to momentum driven techs and susequently sold off my last IDD share holding late last week.

I have not signalled this one out for any paticular reason. I just beleive that with the problems the economy faces with debt and the ever increasing geopolitical problems that I needed to move into more defensive/low beta stocks and so have repositioned the holdings in my portfolio to try and limit the downside if things get even worse.

I wish all holders good luck in there investment.

cheers GF.

Credit cards will always be around in times of debt or not, IDD will be around to play their part in the production of the new chip and pin cards

goldfinger

What defencive stocks do you favour?

Hi apple, RAB CAPITAL for starters a hedge fund that can perform in any market conditions , Zincox a play on the price of Zinc which will boom later in the year I feel, Anglo and Pacific a mining investment company, London and Associated Properties a property company trading well below NAV and has Birshi mining as a associate company beleive it or not, Churchil China a value play again trading below NAV, and a real craker that I will be posting about later this week a company that deals in technology yes technology but Im not giving it away yet as I have to just check out one last thing on the company.

cheers GF.

Thanks GF

Drop on the bid today. Have been adding as this falls. Will add again if this hit 6p to buy. But that may not happen. Someone has snapped 300k buy today.
So all the sells are being bought up.

Announcement on 2 contracts due any day now.
Read last statement.

UK ID cards,gov.having re-think with a view to put before parliament in autumn!!Could be good news for IDD or would that be out of there league?

ID Data PLC
29 April 2004


Press Release 29 April 2004



ID Data plc supplies store cards to GE Capital

ID Data plc ('the Company'), a leading supplier of secure transaction systems
and smart card services operating in the banking, retail, international
telephony and secure access sectors, has begun production of store cards for GE
Capital.

The Company is in the final stages of negotiating a contract to supply,
personalise and distribute all GE Capital store cards in the UK. The agreement
is expected to last two years and to generate additional annual revenues for ID
Data of between 1.5 million and 2 million, based on estimates by both parties
of card numbers required.

The negotiations follow a detailed review by GE Capital of its card suppliers
and have been influenced by ID Data's ability to deliver superior standards of
accuracy and volume through a combination of high-quality software, equipment,
manufacturing process and management. ID Data produced 120 million cards in
2004.

Michael Stewart, a Director of ID Data and Managing Director of its ID Data
Systems subsidiary, said: 'Our abilities in card personalisation will enable
GE's retail-industry clients to get closer to customers, offering benefits based
on individual profiles and purchasing habits.'

Production of cards for GE Capital has begun at ID Data's secure facility at
Petersfield in the UK. The site is part of Mids & Horsey Ltd, whose acquisition
by ID Data was announced on 8 March 2004.

Peter Cox, Chief Executive of ID Data, said: 'A key element of our strategy is
the achievement of predictable monthly revenues and bottom-line contributions,
and this work confirms our ability to serve world-leading brands in a
competitive environment.'

Well thats one contract down, one to go. Could be a good day today.

:o)) +.25p