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.

are we to see 7p to match new float price? heading rapidly that direction ;o}}

Up 17% to 6p

looking at no. of sells lots investors think NOT !!!!!!!

I picked them as my second Stockpick at4.5.My previous posts referred
to 20p overpriced.However,they came down so low I felt they were underpriced.
rgds aj

Nice to see blue again

Next stop at least 7p?

5.88.I think profit taking has kept it so low as excellent press release.
rgds aj

Fickle round here init lost most Mon. gain allready,

Why worry what negative holders think of an excellent press release?
rgds aj

Just concentrate on what the Company is doing and achieving. Up to now Iam happy with the way things are and the direction of IDD

Correct.Investors often focus on the share price.Why?Share price merely means
buyers/sellers/holders assessing information differently.All that matters is
the correct analysis of information.PRESENT share price is only relevant if
investors want to buy/sell/hold NOW.
rgds aj

Your actually talking some sense Arjen, keep it up...

AdieH,
This is a business board.
rgds aj

Citywire update:-

ID Data to make Citibank smart
Mon Jun 14 17:17:12 BST 2004
As Citywire predicted, smart card maker ID Data has announced a significant deal today with Citibank to supply chip-based debit and credit cards to the world's largest card issuer.

We said on Friday, when ID announced the acquisition of CardBase Technologies, that it looked as though news of a deal was imminent, and it is particularly good for the company that the customer is such a well known name.

ID Data (IDD) has won the 'exclusive' contract to provide Citibank with chip-and-pin cards for the UK market. The deal is expected to generate revenues of between ?2-3 million for ID Data over the initial two years of the contract, depending on the number of new chip cards that the bank issues to customers in that time.

The Citibank win follows confirmation of a deal with GE Capital, which is the UK's biggest store-card supplier and, according to ID chief executive Peter Cox, is the number two card issuer in the world behind Citibank.

Clearly the hope is that if ID Data does well for these businesses in the UK, it will win further business internationally. The company has a history of doing this in its magnetic card business, where it won Esso Exon's business in the UK, expanded into Europe and eventually ended up supplying the oil giant's cards around the world.

As well as the Citibank deal, ID also won a significant deal extension with Electronic Data Systems (EDS) to supply chip cards for the Post Office Card Account (POCA). The contract originally had two years to run, but has now been renewed until April 2010, which is expected to generate an additional ?8 million of revenue for ID Data.

There are some 1.8 billion magnetic debit and credit cards worldwide and all those that are Visa or MasterCard-backed need to be converted to chip cards by next year. 'We have a massive market to go for,' said Cox.

Shares gained 0.875p to 6p.

Citywire Verdict:

We pointed out on Friday that institutions have twice this year been prepared to take part in a share placing at 7p per share, and the market has yet to catch up with institutional enthusiasm.

The customer wins are important proof that ID Data, a small UK player in a sea of giants such as Schlumberger, can win key business with major names.

A few more of these and the shares, originally tipped by us at 4p in August last year, should finally start to motor.

The business may not quite be out of the woods yet, but things are starting to look up, and it is still time to buy in for those that like risk.

Good news,
rgds aj

28 p coming -- Ref last years rampers
rgds aj

ajren

somebodys dumping and holding this back

Why?
rgds aj

All sells today ?
Maybe not, Have been quoted 5.49p to buy !