Updates

Albemarle & Bond - Loan book increases to Â£8.4m

March 2003

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.

Albemarle & Bond produced a rarity in this market - excellent results, triggering an upgrade. For the six months ended December the group increased pretax profit by 24% to Â£2.3m with earnings rising the same amount to 3.5p. Turnover was up 14% to Â£10.7m. All areas of the business performed solidly, withpawn loans and pay day advances growing 14% yearâ€“on-year (the loanbook is now Â£8.4m), while jewellery retail sales increased 3% in totaland "marginally" on a like-for-like basis. Meanwhile Speedloan,its new Â£500 loan product, has now been introduced to a quarter of allbranches, with the loan book having reached Â£0.7m. Broker,Collins Stewart, has upg ...

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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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