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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Albemarle & Bond - Pawnbroker likely to be big winner from credit crunch

November 2008

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:
  • 196p
Albemarle & Bond, one of the UK's largest pawnbrokers, is quickly establishing itself as one of the clear winners of the credit crunch. Tougher lending criteria by the high street banks means subprime consumers are increasingly turning to Albemarle’s flexible loans, which are secured on gold jewellery and involve no upfront fees, as an easy alternative. That said, Albemarle has historically thrived in all forms of economic weather, leading to a remarkable sequence of uninterrupted growth in which its pawn loan book has soared from £4m in 1998 to almost £25m, while pretax profit has risen from £2m to £10.3m. This fantastic record, along with the fact that it enjoys a high level of repeat custom, means it is perfectly placed to g ...

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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.

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