Id Data Share Discussion Threads

[rabain] 16/10/2008 12:58

Although you go into a stock like this knowing that the worst might come to the worst and knowing that the AIM market has become a something of a rogue's paradise I feel let down by the interims that seemed to indicate that after years of hanging in there the company had turned the corner. I acted on what I read there, thinking that I understood the company having followed it for many years, and bought many more shares. Were we misled by that statement and if not what has happened since then to bring the company to its knees? I will be watching very carefully to see who exactly gets their grubby mits on ID Data Ltd especially if they do it at my expense

[grandadoug] 16/10/2008 11:42

I had 250.000 @ 3p held 4 years more fool me

I always thought/hoped they would become a profitmaker!!!!!!!!!!

;o[[

[4shorty] 16/10/2008 11:31

Are we likely to get anything out of this, it stinks!!!!!
4S

[tanners3] 16/10/2008 11:17

ppppppps is my only holding. Where's that scotch bottle.?

[tanners3] 16/10/2008 11:16

pps he holds 236k sterling. me 34k.

[rabain] 16/10/2008 10:40

Asked for their views on recent developments at IDD rosemarydoyle, bigpunt10, straykeely, andrbea and charles clore both said 'no comment'

jailbird....don't rub it in, who knows who will be next

[jailbird] 16/10/2008 09:45

oh dear!!

my lips are sealed!

[tanners3] 16/10/2008 09:42

Dont beat about the bush Bull say what you really mean :-)

[rabain] 16/10/2008 07:46

Assurances to customers, suppliers and staff....rightly so...but none for shareholders -c'est la guerre!

[antrant] 16/10/2008 07:07

Regulatory Announcement

Go to market news section

Company ID Data Group PLC
TIDM IDD
Headline Possible Administration of Subsidiary
Released 07:00 16-Oct-08
Number 9596F07



RNS Number : 9596F
ID Data Group PLC
16 October 2008



16 October 2008




ID Data Group plc




("ID Data" or the "Company")




Possible administration of subsidiary




ID Data Group plc (AIM: IDD), the smart card and card solutions group, today announces that its core business unit ID Data Limited has filed at the High Court of Justice notification of its intention to appoint an administrator to protect ID Data Limited from its creditors.




The Company has previously announced that it has been seeking funds from investors and, in parallel, pursuing the possible sale of its operating businesses in order to meet its short term working capital and debt funding requirements. In the light of current stock market conditions following weeks of economic turmoil, the Company has decided to focus on the sale of its main operating subsidiary, ID Data Limited.




ID Data Limited is a leading force in the provision of banking and government smart card solutions and leads many developments in contactless payments sector and secure financial card delivery. ID Data Limited operates from modern, leading edge, secure premises in Petersfield, Hampshire and is the largest supplier of smart cards to government. ID Data Limited has secured a leading position to gain potentially highly valuable contracts on the launch of the UK National ID Card program, as it has proven secure card production capability using polycarbonate substrates and the associated personalisation and secure chip skills required. ID Data also leads the retail loyalty card business in Europe with many large leading brands using its services.




A number of international companies have expressed an interest in acquiring the business of ID Data Limited (interest has also been expressed the acquisition of the Company's Cardbase subsidiary), and the Company believes that the protection from creditors provided by the notification and potentially by the appointment of an administrator will enhance the possibility of an orderly disposal process reaching a successful conclusion. Accordingly, ID Data Limited has decided to commence the process of appointing anadministrator.




As reported previously the Company has made major moves towards profitability and is currently enjoying a good order book while continuing to secure many new and important contracts.




Peter Cox, ID Data's Group CEO and Chairman and CEO of ID Data Limited commented:




"This action is intended to protect the present and future business of ID Data Limited, and to ensure that customers are fully served. I wish to assure our customers, suppliers and staff that we are hopeful of being successful in our delivery of a solution that will see this business prosper and continue to develop, be this under the ID Data Group or new ownership."




ID Data will announce future developments when appropriate.







Trading in the Company's shares on AIM remains suspended.







-Ends-

[danacoed] 15/10/2008 17:34

Look at charlies posts over the last couple of years he knows jack sh14

[philwill] 15/10/2008 16:55

Charles...if you know whats happening please tell...we're still suspended?

[charles clore] 15/10/2008 11:18

Phil - how do you know that?

[tanners3] 15/10/2008 11:04

As the night club hostess of no fixed abode said.

[philwill] 15/10/2008 10:33

fact is we have no idea whats happening.....just speculation...all will be revealed shortly....

[lozzer1] 15/10/2008 09:51

Snake
Was your tongue in your cheek when you wrote that

[nick faldo] 14/10/2008 15:35

It would appear so.

[snake516] 13/10/2008 18:18

Anyway - now that the banking crisis is over, we can expect a company which promises positive EBITDA to find funding easily.......

[charles clore] 09/10/2008 16:54

p - what business model is that, pray tell?

Who took cred-e-card out of the business? Where is it now and ... is it making money for its new owner?

[powwow] 09/10/2008 15:07

The fact this company has raised funds forever and ever and diluted stock forever, simply implies their business model does not work.. Fact!

Its over. They are over ! That's why they took credecard out of the business knowing it was going to happen. Fact!

[nick faldo] 09/10/2008 14:25

When it becomes clear that finding the necessary funding is not going to happen.

They may well get the funding, but at what cost, I wonder?

[lozzer1] 09/10/2008 14:23

Thanks Nick
From your statement the next question that springs to my mind is : When do we call in the administrators