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.

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 !

buys I believe.
I got buy at 5.49p too at Saga

ggindex, I believe ur right.

==
New Opportunities Investment Trust plc
7. Number of shares / amount of stock disposed

2,000,000
==

here it is chartist2004

Duggie - O yes just a few threads here '295'! O:))
The 5.49 tredes are 'BUYS'
O I T plc still hold just under 34m, so 2m dumped not a big deal.

welcome to the thread chartist2004 ;o}}}

WELL!!!! that was a short lived rally on 3 sets good news,no particular trade vol.+ or -

For you guys :

Smaller companies spotlight
Pat Lay's
small caps, This Is Money
17 June 2004

ACH week, former Fleet Street City Editor Patrick Lay keeps This Is Money readers up-to-date with a neglected, but exciting sector of the stock market - smaller companies.

Smart ID


THIS week I took delivery of my second chip-and-Pin credit card; already I am having trouble remembering which pin number goes with which card, and even mixing up the series of numbers.

I raise the point because ID Data, the smart-card systems company, tells me it has won an exclusive contract to design, develop and personalise Citibank chip-and-Pin cards for the UK market. It has also begun production for GE Capital, the UK’s biggest store-card supplier, and has extended its contract with Electronic Data Systems to supply chip cards for the Post Office Card Account.

In a separate announcement it reveals it is taking over CardBASE Technologies, a Dublin-based provider of software for smart cards* to banking, retail and security groups.

Such measures are designed to reduce the risk of fraud. An alternative idea, I could suggest, is one that was operating at petrol stations in Southern Italy which I visited this past week – no credit cards, just put your euros into a machine and the pump will deliver the amount of petrol you have paid for, but only after you have paid.

http://www.dailymail.co.uk/pages/dmstandard/frame.html?in_bottom=http:%2F%2Fwww.thisismoney.com%2Fnews.asp&in_page_id=1804

surely you can change your cards pin number and so make them all the same!As far as putting coins into a machine..........imagine the line of people trying to get coins into said machine after it's been vandelised or like trying to get money in parking meters/phone boxes that haven't been touched!

SH,

If U think people want to carry cash in their pockets instead o cards, then U are going backwards in time. As for remembering numbers u must be going senile.Ar U sure U are not an old granny playing the markets..LOL. Your views on the above are outdated.

good write up in I C today.more upside to come

18 June 2004

Future looks bright for ID Data
It has been a busy week for secure transactions group ID Data. First, the company grew its client base through a contract to make chip-and-pin cards for Citibank. This will bring in up to 3m in new revenues over the initial two years of the deal.

Then, ID extended its contract with Electronic Data Systems to supply chip cards for the Post Office Card Account. This will now run until April 2010, generating additional revenue of 8m. So the group is now benefiting from increased long-term visibility and recurring revenues, and it continues to strengthen its brand within the global banking sector.

ID is also focusing on enhancing its ability to win new customers. To this end, it has agreed to pay 2.28m for CardBase - a developer of smart-card management and prepaid purse solutions to the retail financial services market. To fund the deal, which is subject to shareholder approval, ID plans to issue shares at 7p each. CardBase's institutional shareholders will also buy 770,000 of new shares in ID at 7p each.

Sales at CardBase totalled E2.1m (1.4m) last year, and the group made losses of E1.7m. Its clients include British Airways and ValuCard, Nigeria.


The acquisition will make ID more competitive, and is likely to better equip the company to supply the UK and other governments. Meanwhile, its ability to win new contracts is encouraging as it continues to attack a growing market. Currently trading at 5.75p a share, it looks like there is more upside to come.

ic - kiss of death

Heard that before about ic, they can't always be wrong
Besides, what can't speak can't lie, there's no denying the above facts
Its going to be a good year for IDD

Why do you say ic - kiss of death for shareprices?