Evchrgingaccgbx Discussion Threads

[hsbcpremier] 11/4/2008 15:50

Loan market has shrivelled up. Looks like the end of the line for this little mut.!
My view based on charts only

LTCHART

[john hampton] 11/4/2008 11:13

I'll post on here from time to time as I'm looking at a recovery over the next few years for a sensible timescale.

See you are back knowing and raring to go again, so I guess you have added this morning!

[john hampton] 01/4/2008 15:49

This will do well once financial recovery is under way, happy holding at these levels. Patience required for some tasty gains.

[ihavenoclue] 27/3/2008 22:14

Tinker Tailor - 4 Sep'07 - 22:07 - 60 of 134


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

Tinker Tailor - 5 Sep'07 - 07:53 - 61 of 134


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

Tinker Tailor - 13 Sep'07 - 14:36 - 66 of 134


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

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

LOL The worst case of ramping i have ever seen !!!

[grlz] 20/3/2008 16:50

there is your squeeze and it looks like ELEP have been squeezed out - very telling release as it shows profitability going forward is non-existant in the residential sector or at least for all the song and dance this outfit makes out about it's success - not enough profit to pay even a £100k's worth of compliance - so iva's didn't work mortgages didn't work - lets take on norton finance and first plus's marketing might - ELEP should quit out as all their doing is embarrashing themselves imho

[grlz] 19/3/2008 20:02

lol This will be one of the first to fail u mean - packagers are always first to get squeezed as lenders tighten up and cut margin and eventually self-package - why you think the ELEP branches got pruned - ELEPs only advantage was to use the diversity of the market now that is being eroded by the credit crunch and ELEP's systems are not up to it - and with Rooftop Mortgages now finished it's look more dodgy holding any packager imho

DYOR

[john hampton] 18/3/2008 13:52

Buyers coming and having a nibble here, this one will survive the downturn.
Not for widows & orphans though!

[moob] 15/3/2008 12:52

LONDON (Thomson Financial) - Elephant Loans & Mortgages PLC said it has
agreed rescheduling of loan terms with its lender, Trafalgar Capital Specialized
Investment Fund FIS, to extend the term of the loan and defer capital
repayments.
Last September, the UK sub-prime mortgage lender advanced a convertible loan
of 250,000 stg to be repaid in level monthly annuity instalments beginning on
Oct 31, 2007 and ending on Aug 31, 2009, at a 10 pct interest per annum, payable
monthly.
Under the revised terms of the loan, the company today said the principal
repayments will start on Dec 31, 2008, at a rate of 15,000 stg per month, and
sixteen such payments will fall due on the last day of each month, followed by a
final payment of 10,000 stg, payable on June 30, 2010.
Interest remains payable on a monthly basis at a rate of 10 pct per annum,
it added.


looks bust to me

[knowing] 13/3/2008 13:01

You must be itching to buy some more John.

[john hampton] 13/3/2008 10:24

Looks like only the three of us have seen the light at the end of the tunne so far!

I'm pretty excited about these, don't normally touch these tiddlers but I have someone in the industry that is feeding me postive information, enough for me to take a stake for a recovery over the coming years.

Good Luck.

[john hampton] 12/3/2008 15:26

Just a quick one for any new potential investors, click on the their web site link above and you will find their site very clear & easy to navigate, click on Investor Relations for comprehensive financial info etc.

I think the £1M of cost savings will start to show through in the next set of results.

If anyone else has any info on the company, please post accordingly.

[knowing] 12/3/2008 14:57

Nice thread and seems a lucky one with the move higher today.

[nick barnes] 12/3/2008 11:32

I'm off for a few weeks in the sun. About time we had a new thread, I'm sure buyers will step in soon, good luck guys. I'll check back here on my return.

best wishes

Nick

[john hampton] 12/3/2008 09:10

Sorry only use this thread as the one under was duplicated by mistake & doesn't have corrected charts.

[john hampton] 12/3/2008 08:11

Good Morning, following the FED news yesterday I thought it was also a time for a change of thread here and for long term investors to look forward to a new dawn and long term recovery here once the credit crunch is finally behind us, won't be yet but these will recover well once money starts coming back into the financials.

Could be one of the biggest percentage gaining stocks of the year if things play out correctly with this Company. Obviously high risk and not for the faint-hearted.

These were tipped as a long term recovery play by a sector analyst on cnbc some weeks ago.

DYOR as usual.

Good luck!

[john hampton] 12/3/2008 00:10

Elephant Loans & Mortgages plc is a packager of secured mortgages and loans
within the non-conforming market sector.

Floated in November 2005 the placing was oversubscribed.

WWW =

[john hampton] 12/3/2008 00:10

Elephant Loans & Mortgages plc is a packager of secured mortgages and loans
within the non-conforming market sector.

Floated in November 2005 the placing was oversubscribed.

WWW =

[knowing] 11/3/2008 16:15

About time this got moving John. Have a look at SGD too. Got hit today and a great little company paying a divi.

[john hampton] 11/3/2008 16:14

Looks like we have a few sniffs today.

[nick barnes] 11/3/2008 14:54

Guys, you are not alone here, I've bought a lot of these over the past few months, you are right about today's news, soon the pebble will drop and investors will pile into these, they are extremely cheap. Sometimes investors do take a while to wake up to some of the opportunties out in the marketplace!

I don't post that often, so hope to talk to you when these have gone past the 3p mark.

[john hampton] 11/3/2008 13:12

Excllent news for these stocks, will help them a great deal going fwd, maybe we will now get going sooner than I thought!

[knowing] 11/3/2008 12:52

Crisis over John

March 11 (Bloomberg) -- The Federal Reserve will hold auctions to lend as much as $200 billion in Treasury securities and increase swap lines with two foreign central banks to try to ease renewed turmoil in credit markets.

The Fed said in a statement it is establishing a new Term Securities Lending Facility to, through weekly auctions, lend as much as $200 billion of Treasuries to primary dealers for 28 days, instead of overnight as it currently does. The loans may be secured by collateral including agency and private mortgage- backed securities, the Fed said.

The Federal Open Market Committee also authorized increasing currency swap lines with the European Central Bank and Swiss National Bank to $30 billion and $6 billion, respectively, increasing the ECB's line by $10 billion and the Swiss line by $2 billion.

[john hampton] 11/3/2008 11:03

Certainly expect these too recover strongly in the 2nd half of the year as the credit crisis winds down. Some good money to be made here for the patient investor I feel.