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Elephant listed on AIM

Elephant Loans & Mortgages today listed on the Alternative Investment Market of the London Stock Exchange for the first time.

All share trading will be conducted under the ticker of ELEP.

All shares were sold ahead of flotation, and its market capitalisation is valued at 6.3m. Up to 21,666,666 new ordinary shares were issued at 3 pence per share. With a full subscription, this represents a total of 10.34% of the issued share capital of the company immediately following the placing, equating to 650,000 gross proceeds for the company.


Shining a light into columnist’s darkness

In a recent issue (Mortgage Strategy, November 7), Richard Griffiths stood on the shoulders of giants by quoting Benjamin Disraeli, no less. The original quotation went: “There are three types of lies: lies, damned lies and statistics.” But today, as politicians substitute spin for wit, he might have also added a fourth – press articles. […]

HIPs timing announcement gets lukewarm reception

The industry has mixed feelings about the government’s decision to make Home Information Packs compulsory from June 1 2007. The Office of the Deputy Prime Minister decided on the date last Thursday but not everyone welcomes the timing. The Council of Mortgage Lenders is disappointed and says the timing risks disrupting the market during the […]

Tread carefully if you are thinking of buying these leads

Name and address supplied Following on from Justine Tomlinson’s highly accurate account of the service offered by GMF Marketing Services (Mortgage Strategy, November 7), I would like to recount my own tale of woe. For those like me who only read the first paragraph to see if a letter is of interest – do not […]

Plum adds two more links to its software

Plum Software, has added two links to its software. Legal & General and Transact are the latest links to go live with a further six provider links expected go live soon.By linking directly to providers’ extranets and other financial services, advisers and brokers using Plum Software can obtain the latest fund information for all the […]


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