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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Albemarle & Bond - Pawnbroker accelerates new openings

June 2011

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:
  • ABE
  • Price:
  • 311p
Although pawnbroker Albemarle & Bond hardly operates at the glamourous end of the spectrum, it has nevertheless achieved a level of growth more akin to a top technology stock, with pretax profit rising a whopping 500% from £4m to £20m over the past twelve years. The secret of its recent profit progress is that it only accepts gold items as collateral for its loans, which have not only kept a lid on bad debts but also improved its overall returns, with the precious metal having recently touched a new high of US$1,565 per ounce. Albemarle trades through 148 “full line†stores, which provide pawnbroking, gold buying and jewellery retail, as well as other financial services such as pay day loans. On top of this it also operat ...

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Albemarle & Bond - Broker upgrades drop 2012 PE to just 9.2 (November 2011)

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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