image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Albemarle & Bond - Increased competition clips forecasts

August 2012

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.

  • Epic Code:
  • ABM
  • Price:
  • 269p
Pawnbroker Albemarle & Bond has noted that although its gold buying business has demonstrated continued growth in its second half, the rate of growth has slowed from over 50% in H1 to just mid single digits. The slowdown in activity, together with the lower gold price, has impacted both volumes and margins and means profits will be below market consensus forecasts. Although too early to tell whether this happened because of recent wet weather or is the start of a trend, management has moved quickly to cut costs. Albemarle's other divisions have continued to trade in line with expectations. Broker Canaccord has downgraded eps forecasts for 2012 by 11% to 28.4p, with the year starting 1 July clipped from 35.2p to 30.5p. T ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Albemarle & Bond - To scale back new openings (November 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 - Openings to accelerate to 25 a year (April 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 £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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X