ELEP.L Share Price (ELEP)

I would not concider myself clueless given that the shares of this company have now been suspended.. Shame about that...

This is nothing like NRK .. just dropping as it is poorly run and the amount of mortages being sold. From the 20th July RNS ... "It is important to note that the Company advises customers on the range of loan and mortgage products available but is not a lender itself." So NOTHING like Northern Rock !

The price of these types of share will fall when confirmation of house price falls comes through. Negative equity is going to hit companies like this one hard! Looking at the big picture. When the crunch hits it will hit the high street first causing companies to stop hiring, this in turn will lead to higher youth unemployment and higher youth crime. Natural effect is higher insurance premiums for business and domestic customers. This will lead to less hiring and more crime. Wages fall! Debt repayments become difficult even for prime borrowers & impossible for sub-primers. The government calls this boom & bust. We just started on the bust. I seem to remember the Gov saying in 1997 that this would never happen again! This is my third! All this has happened before & will happen again!

I was toying with putting a grand into this this morning, had I done so I would be up £200 odd. I don't think it ill be another northern rock, but they are going to feel the pinch on this SUB Prime loans episode....