Id Data Share Discussion Threads

[4shorty] 11/11/2008 08:25

It appears not loz,
4S

[lozzer1] 11/11/2008 07:41

Any news anyone

[tanners3] 06/11/2008 10:52

wrong snake customs will get 1 20th of what idd ltd is worth at least they will have some money for once.

[lozzer1] 06/11/2008 08:29

The government are trialling ID cards at manchester and the city of london airports

[rhiannon] 06/11/2008 08:00

SEE main story YAHOO home page.

[shortlegs2] 05/11/2008 16:22

What worries me is, what will IDD have if it sells the companies who provide the revenue for the group, and will we see any of the money made from the sale!!!
SL2

[joeblogg1000] 05/11/2008 16:18

I agree and that is one of the reasons for my investing here as he came across as honest and put hiw own money in.

[rhiannon] 05/11/2008 16:07

Seemed an OK bloke, kept putting his own money in. Different from some i could mention. YOO ! YOO! wdik

[joeblogg1000] 05/11/2008 16:03

rhi. I do hope P Cox sorts this out in our favour otherwise he would have let us down badly with his positive statements over the years!!!

[rhiannon] 05/11/2008 15:57

Better than a smack in the face.THANKS

[rabain] 05/11/2008 15:27

From the website...

04/11/2008 11:44:18 : ID Data Group plc protects ID Data Ltd through use of an Administration order
"ID Data Group plc protects ID Data Ltd through use of an Administration order"

ID Data Ltd, following the appointment of Malcolm Shierson and John Whitfield of Grant Thornton as Joint Administrators, has now secured itself from a non trading creditor whilst it progresses its disposal plans.

The ID Data Ltd business is reporting strong trading, is continuing to service its customers and is attracting a solid new order-in flow.

Peter Cox ID Data Group CEO said.

"We have been encouraged by the positive response from our existing clients and suppliers to our requirement to protect ID Data Ltd from a non trading creditor via the use of an administration order.

The protection afforded by the Administration process is allowing ID Data Ltd to attend to its daily business whilst the process of disposal of the business of ID Data Ltd progresses, where we believe there is real value.

I would also like to confirm following a large number of shareholder enquiries, that, ID Data Group Plc, its other Group Companies and investments are not in administration.

ID Data Group plc will update the market via the RNS of any changes and further confirms we are actively engaged with a number of potential buyers for ID Data Ltd and other companies in the ID Data Group".

[snake516] 31/10/2008 09:22

I don't see or hear any action from the major shareholders in IDD - I thought they might take a view on whether or not the company was worth saving now that it has started to make a profit?

[danacoed] 30/10/2008 15:22

bet hes name starts with Peter

[garuja] 30/10/2008 10:14

Anyone want to take a bet who will end up with a material ineterst in whichever entity takes over the assets?

[4shorty] 30/10/2008 09:48

Hi Rab I'm with you, someone is going to buy the crown jewels at a knock down price and we end up losing, it seems criminal to me and it's always the small investors who lose out.
4S

[rabain] 30/10/2008 00:09

I don't think its confusing at all, I'm afraid boys and girls the game's over. Once ID Data Ltd is flogged there's really nothing left and the sale proceeds will be swallowed up by the debts. I can't be bothered to go back and look up how much Peter Cox has lent the company, but its a lot and he'll likely be entitled to interest. Was fun while it lasted.

[tanners3] 29/10/2008 23:28

Cant see what anyone is confused about? Is more or less exactly as expected. They made it quite clear that the order book was strong and it was, in their words, 'business as usual'. When this suspension is over, there will be even more confused people, half saying ' sod this, I am off' the other half saying ' what a long awaited opportunity' pi volume will be big, but status quo will remain. Ya pays ya money, ya takes ya choice. It was a prudent, and in my opinion, shrewd move , in the present climate, to protect themselves in a controlled way, from their creditors. Is an interesting, ongoing, story. This one.

[addersmax] 29/10/2008 17:31

still nothing has been said about the shareholders.........

[rhiannon] 29/10/2008 16:53

Sounds VERY confusing. I THINK

[philwill] 29/10/2008 16:42

sounds quite positive...i think


Appointment of administrators at subsidiary (ID Data)

RNS Number : 9801G
ID Data Group PLC
29 October 2008


29 October 2008

ID Data Group plc

("ID Data")

Appointment of Administrators at subsidiary

ID Data Group plc (AIM: IDD), the smart card and card solutions group, today announces
that, following its announcement on 16 October
2008 of the intention to appoint Administrators at its subsidiary company ID Data Limited,
Malcolm Shierson and John Whitfield of Grant
Thornton have today been appointed Administrators of ID Data Limited.

In light of the level of interest in ID Data Limited expressed by potential purchasers, it
is expected that a satisfactory sale of the
company or its assets will be achieved in the near future. In the meantime ID Data Limited
intends to continue to trade normally. It has
received considerable support from its customers with substantial new orders and enquiries
being received.

Further developments will be announced in due course.

Trading in ID Data's shares on AIM remains suspended.

[danacoed] 22/10/2008 11:41

Polish company is a joint venture so not part of the group

[tanners3] 22/10/2008 10:57

Ahem The first statement says they are selling CardBase too....so we wont end up in Ireland.

[enami] 22/10/2008 09:34

CardBASE Technologies Ltd, the Group's Irish multi application software
business (Polish production facility also?)

Most likely we will end up with shares in a new company registered in Ireland (for tax purposes).

[danacoed] 22/10/2008 07:57

IDD data ltd is the production arm of the group the rest are r&d companies in the main, interesting that the company that generates the bulk of the income is in administration, credEcard has been nicked by Cox! not sure whats really left for the shareholders anyone know?