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ELEP Evchrgingaccgbx

149.52
0.00 (0.00%)
Last Updated: 11:46:29
Delayed by 15 minutes
Name Symbol Market Type
Evchrgingaccgbx LSE:ELEP London Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 149.52 148.72 152.80 - 1,287 11:46:29

Evchrgingaccgbx Discussion Threads

Showing 26 to 47 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/6/2007
10:33
Yes but local offices drive sales - most ELEP sales are closed in the home of the borrower. ELEP tansaction numbers increasing - TDAG were going the other way.
flyinghog
10/6/2007
17:33
I thought ELEP have been opening new offices, which would increase overheads?
wiganer
10/6/2007
14:47
TDAG were growing overheads, but had falling completions and turnover. The way out was supposedly focusing on IVA solutions, at a time when the banks were getting more reluctant to agree to high fees. Elephant is adding IVA's to the existing product portfolio to provide a more holistic approach.

Compass Finance as a company was slow to focus on the increasing need for "affinity partners" to introduce business and to drop direct mail and other advertising which became a very costly way of generating potential sales leads. I believe Elephant was ahead of the game,and there may be development news to come following the Grant Thornton announcement.

However I suggest you do your own research. As a first aid you might compare the annual report of the two organisations.

Best wishes

flyinghog
09/6/2007
09:52
Could you explain the key differences?
wiganer
09/6/2007
09:47
very different model I am pleased to say.
flyinghog
08/6/2007
16:17
Before getting too carried away with that bullish broker note you might wish to look at what has just happened to TDAG.
wiganer
08/6/2007
14:41
Hichens Harrison published a detailed note on the results yesterday.

Some key points:-

- delivered on promises

- strong set of results

- upgraded financial control

- share price unfairly hit

- experienced management

- valuation 4.5p per share

DYOR. NB Broker research of this nature will be after detailed talks to the management of the Company - so should be reasonably well informed.

flyinghog
02/4/2007
06:27
SVS Securities brokers note out now. See their web site.

www.svssecurities.com


They recommend a buy.

I hope that they are right!

flyinghog
03/3/2007
14:17
Brokers note expected next week from Hichens. Looks as if it will be positive.

The IVA business should feed the loan broking side. You cannot get an IVA if you have assets that could secure a loan.

NB They do not write loans and lend money ; the business is packaging loans for other lenders.

The Branches enable face to face client contact which increases probability of closing larger deals.

Let us see what the note says.

flyinghog
01/3/2007
10:10
somebody bought 5000 quids' worth early yesterday

2.125 250000 T 2.0 2.25 9:33:13

andrbea
28/2/2007
15:11
the new division, launched yesterday (see RNS)
andrbea
28/2/2007
15:03
the 100k sell could be a buy (delayed by an hour)
andrbea
19/12/2006
08:15
Hi Nobel - followed you over from the MDCG BB.

I suspect they have a trickle off the back of their deliquent loan book. As someone pointed out earlier on this BB they are not really doing anything special on lending products and are well behind the likes of Kensington, Ocean etc etc. Opening branches is a poor strategy as it will only hammer the cost base.

Even worse for Elephant is that most of the top line finance houses are now pushing 2nd charge loans over the now less attractive unsecured loan products. Some have even moved out of unsecured lending altogether.

Have a look at their DebtSmashers website. How can simply pushing IVA's be best advice?

flc
13/12/2006
14:07
does anyone know how their IVA business is doinG?
nobel2005
13/12/2006
06:46
Two brokers notes (SVS & Hichens) basically positive, but they are house brokers. Year end results will give more clues, but not for some months.
Sector will show growth and forecasts appear plausible.
2007/2008 should show real profits and earnings estimated at c0.3p per share.
Time will tell.

flyinghog
11/12/2006
13:08
On my Watchlist and thats where it stays until there is clearer evidence that profitability is really in sight !
masurenguy
11/12/2006
12:48
Key point for me is that £899k of extra costs only produced £264k of extra sales. This for a company flogging some pretty straightforward products/services. Dire.
wiganer
11/12/2006
07:59
Staggeringly bad figures. My stance is now "don't touch with a bargepole".
wiganer
14/11/2006
12:55
Masure

I think it's a potentially interesting play, but I don't see sany clear buy signal as yet.

My number one investment mistake of past year was buying into shares like this too soon only for the price to fall further.

My new approach, which is working better, is to be real greedy and wait for an absolute capitulation, and/or clear signs of trend reversal. If I miss the bottom slightly I can always buy on the upleg.

wiganer
14/11/2006
12:48
My Sentiments exactly jerc..... - 13 Oct'06 - 18:43 - 1 of 5
Ive just bought 4K's worth......Medium / Long Term Safe IMHO

tijuana32
04/11/2006
17:00
Drawn to my attention by recent coverage in GCI who rate it as a speculative buy.

Forecasts for 03/07 suggest a potential pre-tax profit of £300K from revenues of £4.2m and then £950K from revenues of £5.6m in 2008. EPS of 0.1p in 2007 rising to 0.33p in 2008. This would place the shares on a 2007 PE of 29 and a PE of just circa 9 in 2008.

Last months dilutive placing at 3p, which matched last years IPO price, has probably kept the share price down but the improved financial position to support forward growth in both divisions could push the share price north in due course.

Wiganer - what's your view - you started this thread but you've not posted here yet !

masurenguy
24/10/2006
00:26
more major sales - The failure of Lexi Holdings hasn't helped the niche finance sector - looks like the games up for ELEP - .02 is on the cards, no support.
grlz
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