Evchrgingaccgbx Discussion Threads

[ihavenoclue] 04/11/2007 21:09

Seems to be in a hurry to be worth nothing ...

[grlz] 01/11/2007 16:06

ihavenoclue - maybe a good idea as Blomfield Corporate Finance could be off leaving ELEP without a nomad.

DYOR
imho

[grlz] 29/10/2007 12:19

wiganer - as I said (post73)

how anyone can trade on this spread is anyones guess

[wiganer] 27/10/2007 11:57

Gloomy trading statement? Who'd have thought it eh?...

[grlz] 09/10/2007 13:10

It was obvious back when I posted last October, then again in February and August - now the chickens have come home to roost

Looks like the market has woken up to this one and run for cover - an expensive distribution channel operating in a market suffering significant margin erosion toward a customer base that the banks no longer want write any business with - glug, glug, glug down it goes - the MK is still to high fair value is only .002/.0025p

DYOR

[ihavenoclue] 06/10/2007 16:02

Australia 10 - 12 England ..... life is good !!!

[knowing] 01/10/2007 09:23

Nice appointment

ELEPHANT LOANS & MORTGAGES PLC

('Elephant Loans' or 'the Company')

APPOINTMENT OF FINANCE DIRECTOR


Elephant Loans, the fast growing distribution channel for specialist lenders, is
pleased to announce the appointment of Chris Backhouse as Finance Director, with
immediate effect.

Chris Backhouse, FCA, aged 50, has extensive experience working for and with
businesses, ranging in size from start-up to over #100m turnover. He is highly
experienced in corporate finance matters, including business acquisitions and
disposals, strategic and business planning, as well as venture capital-backed
transactions.

Chris qualified as a Chartered Accountant in 1981 with KPMG and spent ten years
in the accountancy profession, latterly with Ernst & Young, providing financial
and business advice to fast-growing clients.

In 1991, he joined Ipeco Holdings Plc, the then listed aerospace and defence
products group, as Group Finance Director, where he helped with the development
of its strategic plan and profit improvement initiatives before it was taken
private in 1997. He subsequently joined Unilabs Group (UK) Limited, the UK
subsidiary of the Swiss healthcare company, restructuring the operation and
turning it around from loss to profits, before its sale to a competitor. In
1999, he joined the management buyout team at Betts Group, which acquired the
former Courtaulds Packaging division from Akzo Nobel. As Group Finance Director
until 2003, Chris had responsibility for all group finance matters, including
refinancing the business and funding manufacturing operations in the UK and
overseas. More recently, he was the Finance Director of Pims Group, a venture
capital-backed waste water engineering and services business until 2006, when he
joined FD Solutions, a market leader in the provision of part-time finance
directors. Chris is an Associate Director of FD Solutions.

[knowing] 28/9/2007 13:07

L2 is 4 v 1

Let the buying commence

LOL

[ihavenoclue] 16/9/2007 00:01

flyinghog - 31 Aug'07 - 23:09 - 56 of 67


At least not a huge IVA exposure - IMHO that side of the market will see some really bad news in coming months. ELEP has been hit by sector - must be upside at these prices.

==========================================

Your honest opinion is not exactly based on anything factual it seems. IVA companies have been hammered then news in July helped reverse that bad news as the fees were no where near as bad as first thought.

With a fee structure now under discussion and a simplified IVA on the way the worst could very well be behind IVA companies. Banks have two choices ... people have IVA's or the force people bankrupt and get less than IVA's would have or nothing at all.

Since when is a bank going to go for the route where they get no cash ??? Especially in the current credit crunch

All IMHO but you need to do a LOT more research,flyinghog!

Regards
IHNC

P.S. I do not hold shares here - looked at it but decided against it - i bought shares in ACG instead. They are making a profit and have cash in the bank and have not been forced to take a really poor - on ELEP's side - loan. I would rather have my money in a company that does not need to go looking for credit especially in the current climate.

[outsider] 13/9/2007 16:10

news yesterday wasnt good, the prices struck for the loan were not impressive...hence the weakness.

[tinker tailor] 13/9/2007 15:36

Nice to see someone picking up a chunk at these bargain prices today.

[tinker tailor] 13/9/2007 12:20

Well they have dropped this on zero sells so far from 2p offer to 1.5p.Funny online limits at 66,667 available.

[tinker tailor] 09/9/2007 22:38

You would think that the market was flush with stock with the drop from the IPO price to it's current level.Now they open the spread to truly ridiculous levels for what reason?All it does it deter buying.

[tinker tailor] 05/9/2007 17:56

I think we will see the next rise when they actually announce who their partner is in the affinity deal.

[observant] 05/9/2007 11:39

Agree with that. This has been way oversold when sales in June and July are at record levels. More sales growth to come with recent affinity partner deal.

[tinker tailor] 05/9/2007 08:53

Another move higher this morning.Recovery from an oversold position and good news.Expect more to come.

[tinker tailor] 04/9/2007 23:07

I am very suprised that more people didn't pick up on todays good news.

[bobsworth] 04/9/2007 09:03

On this development we can expect further growth and recovery. Excellent news.

[tinker tailor] 04/9/2007 08:02

Elephant Loans&Mort Major Affinity Partner Deal


RNS Number:2142D
Elephant Loans & Mortgages PLC
04 September 2007


ELEP.L

ELEPHANT LOANS & MORTGAGES PLC
("Elephant Loans" or "the Company")

Announces

Major Affinity Partner Agreement

Elephant Loans, the fast growing sales distribution channel for specialist
lenders, is pleased to announce that it has signed a major affinity partnership
agreement. The agreement takes immediate effect and the Directors of the Company
believe that, given the volume of referrals that are planned to arise from the
agreement, this is a very significant development.

As certain aspects of the agreement are subject to a confidentiality clause
until the official launch of the partnership, Elephant Loan's partner cannot be
named in this announcement. However a further announcement will follow in due
course, prior to the official partnership launch.

Under the terms of the three year agreement, Elephant Loans will exclusively
receive lead referrals of individuals currently experiencing debt repayment
difficulties; the Company will advise these individuals on loan solutions, or
remortgage debt consolidation solutions, where this is appropriate.

Through Elephant Loans' long established relationships with the leading
specialist lenders, the Company will be able to advise on secured loans,
unsecured loans and remortgage products. It will complete the necessary credit
checks and application packs, passing these onto the appropriate specialist
lender for approval.

It should be noted that Elephant Loans does not bear any credit risk on loan
agreements made and that debt resides on the balance sheet of the lender.

Gary Miller-Cheevers, Chief Executive of Elephant Loans, said,

"This is a significant development for the business and I'm delighted to be
making this announcement.

Whilst our agreement is subject to a confidentiality clause prior to the
official launch, we expect the contract to generate a significant number of
loans and remortgage completions whilst providing customers with a viable
alternative to the clearing banks."

[tinker tailor] 31/8/2007 23:13

I suggest you read what Tom W has to say on Sharecrazy regarding the exposure.Not a problem as he had lunch with a Director recently.

[flyinghog] 31/8/2007 23:09

At least not a huge IVA exposure - IMHO that side of the market will see some really bad news in coming months. ELEP has been hit by sector - must be upside at these prices.

[aiminvestor] 30/8/2007 23:41

Significant news and a significant purchase today indicates that this is going to be a stock in demand.It will be interesting to see if any tipsters get hold of the information shortly which will build significant interest in the stock.

[tinker tailor] 30/8/2007 23:08

Exactly what has that got to do with this stock?