Id Data Share Discussion Threads

[joeblogg1000] 15/1/2009 11:50

Is this not good news??
"The sale of the business and assets of CardBASE will assist the group in meeting its financial obligations (including the non-group liabilities of CardBASE itself which it is estimated were approximately EUR0.65 million at completion). "

[rabain] 15/1/2009 10:49

Will there be any cash to return to investors?
Don't know what went wrong with Cardbase, it never fulfilled its potential, it should have done so much better with all the cash invested in it over the years. Another loss on a piddling 500k euro t/o last year is pathetic. So a price of 2.25m euro is surprising. Wonder if Sagem will be buying any other parts of the business.

[jordaggy] 15/1/2009 10:37

Will they return cash to investors ?

[4shorty] 15/1/2009 09:09

Do you think this turkey will survive till christmas?
4S

[philwill] 15/1/2009 08:53

know what the turkey feels like waiting for christmas.........

[antrant] 15/1/2009 07:48

Disposal Completion (ID Data)

TIDMIDD

RNS Number : 6674L
ID Data Group PLC
15 January 2009

15 January 2009


ID Data Group plc
("ID Data" or the "Company")


Disposal completion


ID Data Group plc (AIM: IDD), the smart card and card solutions group, today
announces that, further to the announcement released on 24 December 2008, it has
completed the sale of the intellectual property, equipment and business of its
Irish smart card management software subsidiary CardBASE Technologies Ltd
("CardBASE") for EUR2.25 million in cash to Sagem Securite, a subsidiary of the
SAFRAN Group of France.


The sale of the business and assets of CardBASE will assist the group in meeting
its financial obligations (including the non-group liabilities of CardBASE
itself which it is estimated were approximately EUR0.65 million at completion).
CardBASE made a loss before tax of EUR47,000 on turnover of EUR0.5 million in the
year ended 31 March 2008 and the total book value of its fixed assets at that
date was EUR44,000.


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

[philwill] 14/1/2009 08:03

one thing's for sure..... whatever the outcome the pi's will get turned over...written this off

[lozzer1] 14/1/2009 07:26

PC honest !!!!! C'mon

[joeblogg1000] 13/1/2009 18:23

It is really up to PCox to sort this out. I cannot understand how suddenly HMG would be demanding money in the current crisis to bring the company down? PCox if he is honest and of integrity will do his best to recover/relist asap for shareholders interest and not to benefit himself alone by bringing the company down or selling to one of his acquaintances!!!

[snake516] 13/1/2009 18:06

Any of our insiders know if the accounts are being finalised? Publication of the finals for last year would be an interesting read..

[powwow] 12/1/2009 16:55

that's why they have gone..

[igoe104] 06/1/2009 09:02

IF YOU LOOK AT OTHER ID CARD COMPANIES like igp, they have gone from working on
3 projects 18 months to working on 14/15 today. idd should be doing better in such a growth market.

[igoe104] 05/1/2009 14:07

There is no better time for id card companies at the moment, lots of contracts worldwide, so the management have lots to answer for.

[addersmax] 05/1/2009 12:22

snake that would make me very very happy indeed..................

[snake516] 05/1/2009 12:16

Predictions for 2009 - Cox will be unable to sell ID Data and will renegotiate the debt with HMRC. Because he can't sell, the accounts will be published and the shares freed from suspension. Positive EBITDA will continue and the company will make a real profit in the coming year. The faithful will be rewarded.

[bongo bwana] 28/12/2008 12:20

Check out



I think its Rabain leading IDD shareholders to the 'promised land' - i.e. Zombie Nation?

And in the earlier part of the vid one can see Rosemary in blue n red doing some rave hopscotch before Peter C staggers into her space....

[snake516] 24/12/2008 14:09

So whatever's left from the sale of Cardbase (about £1.35M) is not enough to pay off HMRC and allow ID Data to stay in business, so PC is still trying to sell it? If no-one buys, and ID Data remains EBITDA positive, can it dig itself out of the hole? Why does he want to sell a profitable business and could he (call me cynical) use Contis to buy ID Data?!?!?

[4shorty] 24/12/2008 10:09

I'm not so sure rab btu we livre in hope, have a good christmas one and all.
4S

[rabain] 24/12/2008 09:05

£2m for cardbase looks a canny deal. There may yet be a crumb or two for us. Merry Christmas all!

[rhiannon] 24/12/2008 09:05

Got some of these from its penny days, for my sins. CAN ANYBODY TELL ME WHY ( i know the answer but would if the rest do.)When somebody like say CENTRICA want new funds they have a rights issue, how many rights issues do you see with small caps.NO. Small caps raise new money at a discount,diluting existing shareholders ,sometimes out of sight.THE BIGGER THE RISK THE MORE THE GAIN. Out there at the minute THE RISK is even great , the GAIN few and far between. BUFFETT SAYS BE GREEEDY WHEN OTHERS ARE FEARFUL. The medicine aint working YET.wdik

[4shorty] 19/12/2008 11:43

Not likely to be any christmas cheer here then.
4S

[grandadoug] 19/12/2008 11:31

and so is my cash .............

[powwow] 17/12/2008 19:55

why would they they are gone.