This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

ID8 - identitii Limited

Jump to new

1 year forecast 0.0000001

There are many sites now that auto write simple stories about all stocks to attract clicks, they automatically run simple
scans for the basic financials thus any stocks that burn cash and have a downwards chart dont rate well.
 
So_Cynical said:
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
Click to expand...

Agree. I ended up buying a few more after my initial purchase based on that point. The share issue was taken up by S/H not likely to sell so I saw it as an accumulate.

It is super tightly held and still has a tiny market cap so there is plenty of headroom if they can get the ball rolling.

The Presentation today was well received with a bit more depth hitting the market. I've never owned a Fin/Tech Co before but after researching I can see the potential you speak of @So_Cynical and will probably hold this for a while now.

If it gets back to around 20 cents I suspect I will owe you a beer or two for the heads up (That would be two Cartons by the way)
 
barney said:
It is super tightly held and still has a tiny market cap so there is plenty of headroom if they can get the ball rolling.

The Presentation today was well received with a bit more depth hitting the market.
Click to expand...

The longest journey is taken 1 step at a time, for ID8 those steps are customers and they need to land a new one soon and then keep them coming at a rate of at least one every 2 or 3 months.

Based on simple cash burn and revenue they need at least 2 new customers to get close to break even operationally, after that its blue sky.
 
Today's announcement regarding the "Overlay + FX" received little interest from punters in general.

CEO John Rayment obviously sees some potential in the idea given his previous Foreign Exchange experience.

As stated in the announcement: Product market fit for Overlay+ FX has been validated following the success of a pilot program with a tier-one global bank.

Not sure how much potential revenue this type of programme can bring in, but if they keep throwing logs on the fire, sooner or later they should start to burn.

Any thoughts @So_Cynical ?
 
The FX announcement is a good one, very positive as the platform can really help speed up and automate transactions, opens ID8
up to a new universe of businesses that trade FX, assuming non bank type FX platform providers, may also allows some of those
providers to move away from CFD type products to direct market.
 
So_Cynical said:
The FX announcement is a good one,
Click to expand...

Yeah Cheers for that. These types of Stocks are way out of my knowledge base, but I get the impression the Company is manned by very clever people which is always a plus.

A bit more supply crept in today around the 10 cent mark. Hopefully the buyers keep reciprocating
 
Bit of pushing and shoving going on with this but I get the feeling that the shoving will eventually end up substantially to the upside.

Today's high Volume wide ranging bar is a bit of a statement after the last couple of days trading with the Supply at 10 cents seemingly taken out. We shall see.
 
Volume is up. Price is up. Something's up.

Chart wise it looks like the last couple of weeks pushing down to 8.5 was the last of the downside for a while.

 
27% is an extraordinary jump with no announcement, not for the first time a day of massive volume.
 
so, what's the story? speeding ticket? Retrace?

The pointy end of the market seems to be driven more and more by these sorts of leaps. Are they algo driven, or tip sheets, or traders with fast connections. (probably a combo of all, plus others we might learn about eventually)
 
barney said:
Volume is up. Price is up. Something's up.

Chart wise it looks like the last couple of weeks pushing down to 8.5 was the last of the downside for a while.

View attachment 107485
Click to expand...
So_Cynical said:
27% is an extraordinary jump with no announcement, not for the first time a day of massive volume.
Click to expand...


Who knows, just make hay while the sun shines. I'm no good on penny stocks. Never have been. The only penny sector stocks that haven't gone crazy are Oilers, and I'm looking at them as we speak.

IT, Cyber, Defence, and of course Gold, Silver and rare earths have all gone up. I blame all the incel hipsters stuck at home with nothing to do except trade and you know what.

gg
 
I had a bit of a dig in to this outfit and there is little information apart from the chart action to guide anyone outside the company.

I would agree that it is extraordinary it has not had a speeding ticket amid precious few announcements.

We live in strange times.

gg
 
For what it's worth, I did notice that 99% of trades yesterday in ID8 were through ASX and not Chi-X.

gg
 
And still no speeding ticket from the ASX, the becoming a substantial hold ann from 4 days ago appears
to be an individual investor that decided to stump up 650K for a little over 5% of the company.

Has to be some sort of announcement this week to help explain this extraordinary run up on no news.
 
Garpal Gumnut said:
lol. I threw an ounce of Gold at this on the close. Out of respect for your analysis @barney gg
Click to expand...

Damn it Garpal, I am under enough pressure in my normal day to day life without high profile punters such as yourself backing Specs based on my opinion

I think you should blame @So_Cynical if it goes Pear Shaped! Of course, if it goes to a Dollar, it was all my brilliance! (I know you like a Cigar)
 
Thanks @barney and of course @So_Cynical . I realised S_C should have been lauded after the post could not be edited..

I must admit as a long term trader it takes some getting used to throwing the yellow metal at these penny stocks. A different cheaper broker. Fast tech.

Cohiba has also attracted me because of the name.

gg
 
Your thanks could be both unnecessary and unwarranted at this stage Garps ...

If however you make a few bob, I will be more than happy on your behalf.

If ID8 goes to crap however, you can feel secure knowing you are not the only one going down the tube!
 
You must log in or register to reply here.

Similar threads

Fintech Select Ltd. - TSXV: FTEC | OTC: SLXXF
Replies
4
Views
2K
TacoTed
February 2025
2
Replies
33
Views
2K
ducati916
AND - Ansarada Group
Replies
8
Views
3K
System
ICR - InteliCare Holdings
Replies
3
Views
1K
Dona Ferentes
ERD - EROAD Limited
Replies
6
Views
2K
divs4ever
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...