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.

I agree,but the price did not go down,also the buy recommendation still stands,think that market will react quickly once the refinancing is sorted out and news on poland?

Losses down turnover up
Costs to be reduced in the future due to Poland move
Good to see the CEO committing significant personal funds in the equity raising
Overall quite a positive sound to things with everything ahead of the business, I understand frustration at the management but hopefully the move to Poland will be a good move on their part.
Pity a bit more clarification on profitability were not forthcoming rather than "ID Data to acheive profitability in the near future"
Owing to ID Data's involvement with the UK Government National Smart Card projectThe Company appears to be in a strong position to gain business from any National ID card sheme.
It would be nice to think the press would concentate on the top line of my ramblings but experience would tell me they are more likely to make a big deal out of the retirement of the FD and the MD ( perhaps I am just getting cynical in my old age )

Good post RAMPAGE,i really do think these will come good

ID Data PLC
08 August 2005


ID DATA plc (the 'Company')


Results of Extraordinary General Meeting and Additional Listing


The Company is pleased to announce that at the Extraordinary General Meeting
held today, the shareholders of the Company voted in favour of all the
resolutions proposed, as set out in the Company's circular dated 15 July 2005.


The Company also announces that 1,670,800 Ordinary Shares of 1p each ('New
Ordinary Shares') have been issued and allotted following the further surrender
of 16,708 Unsecured 7% Non-Convertible Loan Notes 2006 at a rate of 1 pence per
share, as set out in the Company's circular dated 15 July 2005. Application has
been made for these New Ordinary Shares to be admitted to trading on AIM, and
admission is expected to become effective at 8am on 12 August 2005.


As advised in the Preliminary Statement, Mr Michael D Stewart resigned as a
director at the end of the Extraordinary General Meeting.


For further information please contact:
ID Data plc
Peter Cox Tel: +44 (0) 1536 207000




This information is provided by RNS
The company news service from the London Stock Exchange

Up 11% this morning. Life in the old dog yet!!!

High volume today, why?

Good to see a much narrower spread!,if they just go up 0.01 per day that would be good,looks like the rns was reasonably well recieved .

What were you say about the spread capetown? Now an eye watering 25%.

Back down to 10%,was as little as 4.24 earlier,keep the faith!

Some thinks happening???

It's all over the place. Wonder if it's appeared as a tip somewhere? If it was just a gain based on the RNS it's taken a wee while to digest.

Mr MOLE,it has been tipped as a buy,by des wealth management on TD waterhouse.

In the long run the move to Poland is the new beginning.

Mr mole,lets hope so,
If we can hold steady at abt 1.75/2p,untill next update we should be ok

I agree. Get on top of the costs. Turnover up - get some new contracts and who knows..and the Poles are real grafters.

Come on IDD,you CAN do it!

40.000.000 sold are we doomed :-[[

DOUGGIE,
Thats what i was thinking,
Or could they be a bargain at 1p so many could be a purchase showing as sale?,having said that if if was a purchase the price should have moved up?

over 1 hr. later no change spooky ????????????????

s t r a n g e