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.

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)

thanks zscrooge excellent views

ID Data PLC
18 March 2004


Press Release 18 March 2004


ID Data plc

('ID Data' or 'the Company')

Director shareholding


Due to an administrative oversight, a purchase of ID Data ordinary shares of 1p
each by Peter Cox in August 2003 was not disclosed to the Company or publicly
announced. The details of the share purchase are as follows:


A total of 49,915 ordinary shares (representing 0.2% of the Company's issued
share capital at that time) were purchased by Peter Cox on 21 August 2003 in the
name of Pershing Keen Nominees Limited A/C PSL991 at a price of 3.0 pence per
share.


Following this notification, Peter Cox's aggregate holding is 38,855,513
ordinary shares representing 14.2% o the Company's issued share capital.


For further information, please contact:
ID Data plc

WHEN THE ID CARDS COME IN I CAN SEE THEM HITTING OVER A POUND AND THEY WILL COME IN AFTER ALL TERRORISTS.

>>dwelsh

Perhaps you can explain the maths that takes the share price up to 1, or was it just a throwaway line?

Is this share going anywhere but down ...any views??? D.

Doug

Looks like Cybit's graph!!!

G12:))

G12
like Cybit I also hold a sizeable chunk of IDD shares but am happy to hold until those big orders come in!
Fingers crossed !!

thought/hoped all talk on news of I.D. cards intro. sooner than later would have given IDD a push up today

FYI
A post on 1/4/2004 from another BB:-

Haven't posted on here before but have held IDD for a little while.

I'm just looking at the job pages in the local Portsmouth paper (Petersfield not far away) and IDD are looking to recruit;

4 Personalisation Bureau Production Operatives (Double Days)
22 Card Plant Production Operatives (20 Double Days, 2 nights)
2 Litho Machine Assistants (Doule Days)
1 Silk screen Printer
3 Maintenance Engineers ( 2 double days, 1 nights)

32 new staff in one job advert. Do you think they are gearing up production?

Oh, and by the way, these are permanent vacancies

: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.