Id Data Share Discussion Threads

[lozzer1] 27/8/2008 09:30

4S
You could be right, but it does seem strange when he can use some of the family silver (as it were) to go to a pawnbroker (aka, a bank) and raise finance using said family silver as collateral

If I am proved to be a nay sayer and wrong I will very publically eat humble pie and admit that charles has been right all along, but after being a holder since 2004 there is a sense of déjà vu or here we go again

[4shorty] 27/8/2008 09:08

you may be right Lozzer! but the terms for borrowing money from institutions at the moment may be very severe, even for relatively small amounts.
4S

[lozzer1] 27/8/2008 08:48

Hi Charles

I apologise if I have seemed to suggest that I think that Peter Cox is aiming to take IDD private. That is not what I meant

My main comment (if you wish to call it that) is why would a public limited company chase private investors when total funding can be obtained either by banks, the city or some other public money lending organisation. After all, even in the current climate, if a company wants to borrow money, (as little as £3 million in a company needs terms) as long as it can prove viable returns, it should have no problem in obtaining approved funds.

So, back to my original statement. Why he may want to do that I will leave you to speculate

[charles clore] 27/8/2008 07:55

lozzer, I have always found Mr Cox to be helpful in correspondence. Your main accusation seems to be that he is aiming to take the company private, thereby effectively 'stealing' it from private investors. Would it not be appropriate to openly challenge him personally on this matter and post his response, rather than repeatedly pasting your unfounded theory on the thread? [e-mail]

[lozzer1] 27/8/2008 07:33

Hi Dana

I honestly don't know but 'non trade' to me means a private investor, not some trade body (bank, etc). If Cox is putting £1 mil of his own into the business he may be using that to attract other private investors. Why he may want to do that I will leave you to speculate

On a related topic, a government body has called for some form of personal ID to be used during elections to stop election fraud. This could open a back door for an ID card scheme without the protests of the majority. using the protection of voting rights could counter personal freedom protests

[charles clore] 26/8/2008 16:05

This is a golden opportunity to top up before a bid is announced.

[danacoed] 26/8/2008 15:57

Lozzer
thanks, i am also puzzled by "A non trade creditor" normally means bank, inland revenue, vat, or a loan, what do you think?

[lozzer1] 26/8/2008 15:40

Hi Charles
Are you Peter Cox

Dana
I share your sentiments

[shortlegs2] 26/8/2008 15:30

Or looked at whats happening to the ftse and all the others stocks around the world Charles.
SL2

[charles clore] 26/8/2008 15:20

It appears today's detractors are either having a laugh or they haven't read the report.

[danacoed] 26/8/2008 15:14

maybe cox has been told by the bank put some cash in or we pull the rug, dont know any PLC,s whos chairman needs to put money in to keep the company going

[powwow] 26/8/2008 15:04

That's why they took CredeCard private when they did. They'll take this private too. I wonder if its the same company who took a share in Credecard... all a load of tosh to me.

[lozzer1] 26/8/2008 15:02

Hi CC
Are you Peter Cox's personal publicist

Which pair of rose tinted glasses are you using. Why has the market reacted the way it has. Are investors of the market place a bunch of cynical old has beens that don't deserve the likes of IDD or don't they use rose tinted glasses

Surely, joe blog investor clearly sees that the results promises yet more jam tomorrow

All that PC is doing is ensuring that his pension plan does not end down the tube.

[nick faldo] 26/8/2008 14:25

Charles,

I did try to warn you are about this mob and the shed that they operate out of, didnt I?

[charles clore] 26/8/2008 14:24

I wondered who would be whingeing today, there were bound to be some. This is a very good forward looking set of results. Investors should be pleased with the company's brilliant performance and more importantly the demonstration of confidence by Peter Cox.

[shortlegs2] 26/8/2008 13:58

Hi loz I believe there are other streams, but the 5mil job will probably take a lot of funding as this is to be delivered before the end of the financial year, and if they are chasing other contracts there are costs involved, as they said in the accounts, the funding is much less than was originally expected.
SL2

[lozzer1] 26/8/2008 13:48

4s

There should be other revenue streams coming into IDD apart from the £5 mil contract.

If IDD are relying solely on the £5 mil contract to generate operating capital, the board are incompetent and have been for some time

Surely 4s, even you have to agree that you need several revenue streams to function as a company. If you have to rely on one stream, teh administrators should be sent in and the company should be closed down due to the sheer scale of incompetence

Snake and esmerelda have called it right

[4shorty] 26/8/2008 11:53

They have only started to deliver on the 5 mil contract recently, so cash flow is likely to be slow coming back, Peter has put 1million of his own money in as a loan, if that is'nt showing good faith in the company tell me what is? how can a forcast of profit by the year end be weak? when buying into companies like this everyone should exercise caution and research it, the downturn may be dure to the fact that all stocks are down worldwide.
4S

[philwill] 26/8/2008 10:45

not what i expected.....since i was really expecting some more contract wins to be announced.......

[lozzer1] 26/8/2008 10:37

Esmerelda

My take is similar to yours and snake, more funding means more dilution and that means a lower share price. It also means (to me at least) that it has trouble funding day-to-day running out of any revenue it generates

This could be the reason that the market has reacted in the way that is has

Loz

[lozzer1] 26/8/2008 10:31

Now now BB

No taking the wee wee if you don't mind

I've been holding this from 2004 and all we ever seem to get is promises of jam tomorrow

I would like to see a tangible solid performance from IDD, not reduced losses and a weak statement about expected profitability. Only then will the market react favourably

As the price goes down further, the other players will be able to pick up IDD for a song

[esmerelda] 26/8/2008 10:25

I don't like doing this but sometimes looking back at what people were saying here can be worthwhile, if only to identify those who might be "in the know". For space purposes I have edited their posts but you can go and see their full text. My take is similar to Snake, more funding means more dilution (by whatever means) and that means a lower share price.
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bigpunt10 - 22 Jul'08 - 09:12 - 7923 of 8446
I have been told categorically , that the results will be much much earlier than September.
PS. I have never heard them sound so bouyant and confident in many years. The results will be good, as has already been intimated by them in the last report.
Maybe a couple of years,but 10p+ is defiantly not out of the question here.

straykeely - 23 Jul'08 - 21:45 - 7972 of 8446
As someone here recently said,. Is not rocket science, to see the figures will be good. P Cox, as openly as on their own website, has always insisted, he would rather take idd private, than sell. Good lad. Not that he will need to ever by the look of it now.

Snake516 - 13 Aug'08 - 12:36 - 8361 of 8446
Once again, I post a note of caution. Although cashflow from new contracts will be strong, there is something not quite right about IDD. I hope I'm wrong, but the volume and the anticipation of profit is not moving the sp, so those in the know are aware of something else. It might be that even those of us averaged down to 0.5p are going to have to wait a fair while to break into profit. I'm with 4S on this - this bb can ramp all it wants, but the company might surprise us all.

Charles Clore - 20 Aug'08 - 15:34 - 8424 of 8446
4s - I've never been wrong about this company. As far as I can see the only thing dragging the price down is the large seller. I take the longer term view - it allows us to pick up stock at cheaper prices and I am very grateful to them for that.

[4shorty] 26/8/2008 10:22

This was very much as expected, a 2.6mil reduction in losses, and a projected profit by year end, this is good news!!!
4S

[snake516] 26/8/2008 10:02

Absolute rubbish! More funding? No profit? I knew something was up with this share. If it ever reaches 0.55, I'm dumping the entire 3.25M and you are welcome to them all.

[philwill] 26/8/2008 10:01

not quite what was expected..they seem to be making solid progress though, what sort of a sale price is he after i wonder