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Albelmarle & Bond - New loan product under wraps

March 2002

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
Albemarle & Bond, the UK's largest chain of pawnbrokers, providing short term pawn loans to the unbanked, is enjoying a new phase of growth supported by a high percentage of the population who, for various reasons, do not have bank facilities, or cannot approach a bank for suitable finance. The strongly-managed group also offers a cheque cashing service in its stores, targeting those in itinerant work, as well as pay day advances for those in employment.     In the last three years, the group has grown its storecount from 25 to 51 units. At the end of 2001, half of these had beenopen for less than three years. The average loan book for theseyounger stores was £70,000 whereas the average for older sites is£ ...

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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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