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.

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 Your views on the above are outdated.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?

good posting jailbird.....don't remember nor can find on chart trade price of 5.75p?? however I am optimistic of further rises near future xfinger ;o}}

What has been said about cardbase technologies

http://www.bizplus.ie/bp_online/companies/?ns=156

Review on IDD dated 12 june

http://www.amreview.co.uk/index.php?theAction=show_compdetails&compid=792&cotw=0&niotw=0&market=1&fromSearch=false

ID Data (LSE: IDD.L - news) , the UK smartcard company that recently bought Cardbase Technologies, plans to expand its Irish operations, claims another Sunday Business Post article. The paper quotes ID Data chief executive Peter Cox who says the company will develop the Irish office as a financial services "centre of excellence

more good news,that will no doubt lower the price even more-lol

nice little gain again on very few trades are we going to meet 7p new floats ?? do hope so

will we see blue again Fri.? 2 nice 200.00 trades after close!

looks like red not blue to me.what is going on with this share ?

;~{{

;o[

this share is looking bleak.looks like massive over hang and will drift to 4p again

stepheng5
What makes you think there is a massive overhang ?

looks like another fall today.level weakening

???????why trades are thin, but positive!