Updates

Albemarle & Bond - Openings to accelerate to 25 a year

April 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Pawnbroker, Albemarle & Bond triggered a round of upgrades following very strong interim results. For the six months to 31 December, turnover increased 49% to Â£39.4m and pretax profit rose 75% to Â£10.8m. Eps was up 73% to 14.16p. Strong cash flow reduced gearing from 85% to 47%.With bank lending still hard to come by, Albemarle benefited with its pawn loan book rising 7% to Â£27.5m, while there was a 14% increase in pawnbroking income to Â£13.2m. While financial services increased gross profits 10%, the biggest overall swing factor was gold purchasing, which contributed an astonishing Â£5.2m to gross profit (20% of the total). Albemarle's improved cash flow has allowed it to step up its store opening program fro ...

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Dunelm - 21.5p special dividend

Tarsus

Albemarle & Bond - To scale back new openings (November 2012)

Albemarle & Bond - Increased competition clips forecasts (August 2012)

Albemarle & Bond - Bank refinancing underpins expansion (April 2012)

Albemarle & Bond - Lending crisis still driving demand (January 2012)

Albemarle & Bond - Very strong growth expected from store expansion (July 2011)

Albemarle & Bond (November 2010)

Albemarle & Bond (August 2010)

Albemarle & Bond - Pawnbroker enjoying windfall gains from surge in gold (November 2009)

Albemarle & Bond - Trading ahead of expectations (July 2009)

Albermarle & Bond - Pawnbroker benefiting from credit crunch (April 2009)

Albemarle & Bond - Pawnbroker likely to be big winner from credit crunch (November 2008)

Albemarle & Bond - Loan book increases to Â£8.4m (March 2003)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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