African Battery Metals Share Discussion Threads

[shanksaj] 21/2/2012 22:38

The pledge book growth of "only" 7% in 6 months might have caused some to sell.

But 20 years of growth is impressive. The dividend payment for the full year is likely to be 13.5p giving a yield of 3.75% at a 360p share price.

I'll put them in the back of the drawer and try to forget I have them for a year.

[moneybags] 21/2/2012 17:09

Alter Ego...........I agree.The better the results, the more they fall on results day.Crazy, But that's the way the stock market works.
In fact, the results are sooooooo good, they may fall some more.

One can't win.

I am holding just now.

Regards , Moneybags

[alter ego] 21/2/2012 12:17

bizarre response but isn't it often so?

[grahamite2] 21/2/2012 08:11

SHANKSAV, I've been in since about 95p and frankly wish I'd put all my dough in this one!

A further doubling in a few years? I dunno, but it's the most beautiful balance sheet I've ever seen.

[alter ego] 21/2/2012 08:02

www.investegate.co.uk/article.aspx?id=201202210700097708X&fe=1

very good results

[mikey34] 20/2/2012 10:42

Yes,ladyfarmer,I expect them to be very good.Should be some more upside here and at HAT.

[ladyfarmer] 20/2/2012 09:25

Looking forward to results tomorrow - hoping share price will continue its upward trajectory. Any views?

[aishah] 16/2/2012 09:11

Shore Capital kept its "buy" rating for Albemarle & Bond (ABM), citing the pawnbroker's strong revenue growth and rapid expansion programme. The broker noted that revenues in the 2011 financial year were 24% higher than in 2010 and the firm added 27 new stores, bringing the total to 207. Shore Capital is impressed with the company's diversified revenue base, including the introduction of its short-term lending product PayDay Anyway, which has a maximum loan period of 31 days. The shares were unchanged at 368.5p.

[shanksaj] 11/2/2012 15:49

This is the sort of share I like :) Predictably positive... give it 4 or 5 years, maybe sooner, and it will double without too much angst for holders.

[niggle] 10/2/2012 13:28

Still a bargain at this price - looking forward to the results ;)

[fatfin] 06/2/2012 18:21

On Aol money today:-

"Payday loans are becoming more mainstream and could even overtake credit cards as one of the main methods of borrowing one day, one of Britain's leading accountancy firms warns.

Credit cards are facing a "mid-life crisis" as people use debit cards, digital payments (through mobile phones) and payday loans instead, says PricewaterhouseCoopers.

Those unable to get bank loans or credit cards are increasingly relying on short-term payday loans. However, it is not just those on low incomes who are turning to payday lenders but a broader clientele.

In the report, Precious Plastic 2012, Simon Westcott, director at PwC, said: "Mainstream lenders need to be aware that what may have begun as a last resort could be an enduring relationship, as consumers are pleasantly surprised at the convenient and innovative service they receive from these smaller, more agile providers.

"As these providers become more conventional, we are likely to see them venture further into the mainstream market with their own credit card, longer term loan products or even current accounts."

The number of credit cards in circulation and credit card borrowing both fell last year, the report showed. The use of debit cards, meanwhile, grew by 10% in 2011 - they overtook cash payments for the first time.

Payday loans have attracted a barrage of bad publicity. Consumers need to know that while these short-term loans can be very convenient, they come at a high cost, especially when debts are rolled over for long periods of time.

Payday loans are designed to tide people over until they receive their wages. The average size of a loan is £300, and two thirds of borrowers have a household income of less than £25,000, according to watchdog Consumer Focus. Charges typically range from £13 to £18 in interest for every £100 borrowed, but can be as high as £30 per £100.

Credit unions are a cheaper alternative. Camden Council has attacked payday loans as "short term gain with long term pain" and called on the government to rein them in, with the annual percentage rate of some lenders approaching a staggering 4,500%.

In December, research by insolvency trade body R3 showed that 3.5 million adults were considering taking out a payday loan over the next six months. The group talked of a new group of 'zombie' debtors - those who pay only the interest charges on their debt and not the debt itself.

PwC warns that UK consumers are among the most indebted in the world. The average UK household is saddled with nearly £8,000 of unsecured debt, even though borrowing levels have fallen for three years. The average credit card balance amounted to £1,000 last year. Amongst 25 to 34-year-olds, a quarter admit to using credit to fund essential purchases.

Growth in payday loans has been described as "phenomenal" in a separate report by the Ernst & Young Item Club, which predicted that the shift to non-traditional lenders would continue.

"Households that fall outside of the credit terms of traditional lenders are increasingly looking toward other credit providers, regardless of the cost," said Neil Blake, the club's senior economic adviser. "With banks expected to further tighten lending conditions, we expect the shift towards alternative lenders to continue unabated."

[ladyfarmer] 28/12/2011 09:29

Nice plug in The Times today. ABM Chief Exec Barry Stevenson says 2012 "WOULD MARK THE BEGINNNING OF THE AGE OF THE PAWNBROKER" and makes a good point that cheaper high street locations "ALLOWS US TO BE WHERE OUR SERVICES ARE NEEDED"

[waldron] 27/12/2011 21:17

Albemarle & Bond hails 'age of the pawnbroker' as it unveils plans to open 25 new storesBy This Is Money Reporter

Last updated at 3:31 PM on 27th December 2011

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Pawnbroker Albemarle & Bond has announced it is to create 300 jobs by opening 25 new stores in 2012.

The group said it will take advantage of lower High Street rents, hailing 'the age of the pawnbroker'.

Albemarle, which has 169 stores and 38 gold-buying 'pop-up' shops, said it has benefited as banks tightened their lending criteria, 'failing to provide people with straightforward and inexpensive ways to borrow'.

Growth: Albemarle & Bond is planning to open 25 new stores next year
Chief executive Barry Stevenson said this trend, and the industry's efforts to change its image over recent years, mean 2012 will herald 'the age of the pawnbroker'.

He added: 'With fewer people able to get credit through the banks, pawnbroking has an opportunity to play an increasingly important role in many people's finances, whether they need some quick cash to get the car through its MOT, or run a business and need some cash to tide them over until a customer pays.'
More...Ordinary families crippled by rocketing prices as bill for basket of essentials soars 43% in a decade
Christmas shopping will send a third of people into debt

He added that Albemarle has some of the highest redemption rates in the industry, with people bringing back the same item several times when they need access to cash.

Reading-based Albemarle, which also trades as Herbert Brown, believes the pawnbroking market in the UK is still under-served when compared to the US, but the drop in store rents to 'a sensible level' since the recession was helping fuel its expansion plans.

The group recently posted higher profits for the 20th year in a row, up 5 per cent to £21 million in the year to June 30.

The soaring price of gold has also helped boost its jewellery and gold-buying operations.


Read more:

[johnv] 18/11/2011 12:41

Write up in the telegraph today.

[aishah] 18/11/2011 08:47

Nice AGM statement this morning

[aishah] 06/11/2011 10:52

Big writeup in SCSW this weekend. Should get some attention over the next few days.

[aishah] 28/10/2011 10:17

Not sure why this is so weak of late. stock overhang?

[ladyfarmer] 26/9/2011 09:36

Results tomorrow. Should be good news and for sp!

[traderabc] 06/9/2011 19:27

I think their policy is to regularly sell whatever they have, they need to maintain cash flow.

[niggle] 02/9/2011 15:20

think of all the gold these guys must be sitting on :)

[niggle] 23/8/2011 09:21

How come this hasn't benefitted from the H&T announcement?

[fatfin] 03/7/2011 22:03

Peladon.

Thanks.Been given the momentum now.

Fatfin.

[peladon] 01/7/2011 16:28

Fatfin

Written up in Momentum Investor last w/e.