ID8 - identitii Limited

[System]

identitii Limited is an emerging Australian software company providing enterprise software for financial services and banking institutions.

Established in 2014, identitii has developed its own proprietary product called Serra, an application that enables the secure and trusted exchange of information (such as "Know Your Transaction" information) over financial networks, powered by a secure private blockchain.

identitii developed Serra through a two and a half year in-house research and development program, and has a long term product roadmap for additional features or 'add-ons'.

identitii's objective is to continue to commercialise its product, Serra, in the financial services industry and to build a global information network for financial institutions using Serra, to enable the secure, trusted and auditable exchange of detailed information over any financial network.

It is anticipated that ID8 will list on the ASX during September 2018.

https://identitii.com/

 

[So_Cynical]

ID8 listed 1 year ago at 0.75 CPS and currently trades at around half that price, burning thru about a million per quarter but with some very interesting and
timely fintech, the platform is called Overlay+ and it uses blockchain technology to enable seamless transfers that can be tracked and verified automatically
requiring no manual input, completely compliant with the new ISO 20022 KYC standard.

They have a licence agreement with HSBC Global (UK) and only recently signed a new agreement with HSBC Aust for the Overlay+ platform, the tech is up
and running and licenced with one of the big global banks, a hell of an endorsement. The ISO 20022 standard is global and pretty much all banks need
to be compliant by 2023, add to that the new open banking regime that kicks off in Aust in March next year, and it's like a perfect storm.
~

 

[So_Cynical]

A very good announcement last week flew right under the radar.

https://www.asx.com.au/asxpdf/20191113/pdf/44bjc3ztg5hgw1.pdf

Identitii has partnered with US fintech Symphony providing Symphony’s existing 400+ clients and its 450,000 users secure access to Identitii’s Overlay+ platform. Symphony was
founded by Goldman Sachs as an internal secure messaging system, in 2014 a whos who of global banking came on board with financing to improve the platform, Bank of America,
BNY Mellon, BlackRock, Citadel, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Jefferies, JPMorgan, Maverick, Morgan Stanley, Nomura and Wells Fargo.

Symphony has the trusted, secure, encrypted messaging platform and Identitii has the secure, auditable, encrypted, transfer and payments platform, seems like a perfect partnership
considering the requirements of ISO 20022 and open banking.

 

[barney]

A very good announcement last week flew right under the radar.

Know nothing about this but thanks for the prompt SC.

I see not 1 trade made today?? Is that correct? Not generally a good sign but at the moment who knows!

Quick squiz at the chart is actually pretty interesting given the recent "odd" (potentially in a good way) price action

 

[So_Cynical]

Know nothing about this but thanks for the prompt SC.

I see not 1 trade made today?? Is that correct? Not generally a good sign but at the moment who knows!

Thinly traded and certainly not much demand in general, could take a while - i have patience, oh and calling a bottom (double) for future reference.

 

[jbocker]

UP 50+% today with no announcement (that I can see). ???
It has jumped a bit early So_Cynical for your Dec Competition tip.
Maybe it will jump some more when an announcement made?

 

[Miner]

@So_Cynical the man from Hamelin
You are on the money. Congrats.
Which also mean my tip will slide to probably 5th by the end of Nov with your and others are going to be in the top.
Nice competition. It has been boring with IMU on the top for 20 days.

 

[So_Cynical]

Some erratic price swings over the last 5/6 months, general direction is positive with higher lows and higher volume, on the negative side lower highs, still im upbeat thinking the low conviction holders exiting is a positive.
~

 

[So_Cynical]

Investor presentation out today, some very valid reasons to be interested in this stock.

https://www.asx.com.au/asxpdf/20200203/pdf/44dsfwyv6xjz52.pdf

 

[Dona Ferentes]

and now, at the request of ID8, in Trading Halt pending the release of an announcement regarding a proposed equity raise to be conducted by way of an institutional placement

 

[Dona Ferentes]

hibernation over.

reinstated after 4 months, but the Buy Sell spread looks feeble. 5c to 17c.

 

[barney]

hibernation over.

reinstated after 4 months, but the Buy Sell spread looks feeble. 5c to 17c.

Being belted unfortunately for holders Cap raise at 7 cents didn't exactly show a lot of confidence.

Currently trading at 10 cents On the positive side, the Volume is low.

 

[Dona Ferentes]

Being belted unfortunately for holders Cap raise at 7 cents didn't exactly show a lot of confidence.

Currently trading at 10 cents On the positive side, the Volume is low.

The 1:1 cap raise!

 

[So_Cynical]

Being belted unfortunately for holders Cap raise at 7 cents didn't exactly show a lot of confidence.

Currently trading at 10 cents On the positive side, the Volume is low.

Holding above the 1 for 1 cap raise price, was always going to go down, the 7c issue price was realistic
and well supported, news relating to the Standard and Chartered Bank trial should be coming through soon.

 

[Knobby22]

The 1:1 cap raise!

Wow!.
Suss on the name too.

How do you say it?
if you use the version of the I as in In
.....then it sounds like Idiot

 

[barney]

the 7c issue price was realistic
and well supported.

Large drops always tweak my contrarian interest.

From what I read, it appears that two of the Major Shareholders in '275 Invest' and 'KTM Ventures' had the bulk of application for new shares ...

The Underwriter Gleneagle Securities had a sub underwriting arrangement with KTM, so effectively, KTM will be taking up the complete shortfall of 15+ million shares

Ex Director Martin Rogers (who stood down last October) is a substantial SH of KTM Ventures.

Caveat in the original Prospectus that 275 Invest (Chairman Nick Armstrong is also the beneficiary of 275) that they intend to take up their entitlement pending being able to arrange debt financing.

So my take on all the above is that Martin Rogers has basically swung a pretty good deal for a hell of a lot of cheap shares ….. and will possibly also take up 275 Invest entitlement as well if I'm reading between the lines correctly.

So the washup of all the above will see ex Director Rogers hold a majority stake in the Company and he wont be selling on market so that is a good thing.

He obviously sees a lot of value/potential in the Co. and has obviously swung a good deal to take advantage of the Co. needing some cashflow.

The contrarian in me says all the above makes it a low risk "accumulate" ….. My main unknown is why Martin Rogers relinquished his Directorship last year but now wants a big slice of the pie

What is your take on the above @So_Cynical

 

[So_Cynical]

What is your take on the above @So_Cynical

The whole cap raise was only 1.9 million so keeping things in perspective - just a half decent house in Eastern Sydney, the fact the some people close to the company are willing to put more money into the business is a very good sign, the premise of the business is to imbed data into transactions, who, what, why, when and how, ISO 20022 is global and while COVID may push back some implementation it wont stop it.

ISO 20022 is a big change and ID8 has the fintech to make that change simple and easy.

Some info on ISO 20022 below
https://www.iso20022.org/

 

[barney]

ISO 20022 is a big change and ID8 has the fintech to make that change simple and easy.

Yeah cheers for that …. As a side point, I placed an order in the queue earlier today for a modest amount of shares based on my assumptions of all the above …

So I am now a shareholder .......

I like it when Major Shareholders are happy to punt on the future of their Co. … The fact that they get their shares at a discount is just a part of the process, and I have no problem with that.

The close today was not great, but expected …. Tomorrows close will tell more.

 

[So_Cynical]

11 days since the issue of new shares and resumption of trading and the SP has held above the 7c issue price 100% of the time, that has to be a positive.

From here whey really really need a new customer, must lock in some new revenue.
~

 

[Miner]

At the outset sincere apology to @So_Cynical who is one of the long standing stalwarts on this forum and tipped for ID8 to say that I am not nosy . I get always curious on some of the tips and tipsters.
So I googled about ID and found this website - https://walletinvestor.com/asx-stock-forecast/id8-stock-prediction - predicted the price at the end of 1 year. Is it believable or Walletinvestor is a front of short sellers ?