African Battery Metals Share Discussion Threads

[one for the money] 27/5/2008 08:59

GS - good news - and IMHO inevitable in the present climate - one of the main reasons I'm in here now.

Cheers
john

[garysmith7] 27/5/2008 01:48

Pawn shops thrive as credit tightens

[luderitz] 17/3/2008 15:47

Someone's buying then.

[fatfin] 15/3/2008 19:10

Bed and Spousing now that we know what "Darling" is up to. Lock in the 10% tax rate for now...

Fatfin

[luderitz] 13/3/2008 16:17

2 or 3 times average volume this week, with quite a few of those undisclosed trades noticed whilst share price hardly budging, wonder whats cooking? anyone any ideas?

[fatfin] 11/3/2008 18:39

Thanks.

fatfin

[mw8156] 10/3/2008 19:45

the times march 8 collins stewart market report page...

[fatfin] 09/3/2008 20:27

which papers??

[mw8156] 09/3/2008 15:00

Brokers reckon it's worth 3pounds in present environment according to papers.

[fatfin] 22/2/2008 18:29

1 4 the £.
I am in GBS for gold but thought it was not allowed in an isa. Thanks.

This is back to where it was 2 years ago. Just looking forward to bed and spousing at the end of March. No point now! Personally I have enough of these in my portfolio and will not be adding. If I had fewer I would be doing so now.

Fatfin

[one for the money] 22/2/2008 09:30

...and back to ABM - IMHO this looks like a buy at this level as there should have support at around £2 - any views?

Cheers
john

[one for the money] 22/2/2008 09:29

Fatfin

In an ISA, you can effectively track gold by buying into an Exchange Traded Fund.

Cheers
john

[romi2nikki1] 21/2/2008 21:33

HB Shops

We have one in Barnsley, and it wasnt until Albemarle made the acquisition that I realised that they were Pawn merchants. Only very recently have they put up posters upside for cheque cashing etc.

[fatfin] 21/2/2008 19:01

Returning to the tax implications perhaps these have been sold one month or so before the end of this tax year to crystalise 10% CGT and then they can buy back in after 30 days.Unless they bed and spouse then they can buy them straight back in again. I think we may see some upward action towards the end of march or sooner.

No AIM stock in isas as there may be "too much risk for the smaller punter" who may lose his money. So you can stick it in "solid" companies like northern rock or the builders and lose 2/3 of your capital just as easily.It is all a risk.

Talking of gold went in at the end of sept and am up 30% now. Sadly these are not allowed in isas either........ too much risk.

Hang in I have been here since 27p and see no real reason for selling as we plough towrds a recession?

FATFIN

[steelman48] 12/2/2008 16:12

Quickmind
More accurate to say that revenue growth relative to capital employed has slowed I would have thought, Growth in terms of the size of the company certainly hasn't. I get the impresion from the websites that the Herbert Brown chain is more heavily weighted towards new jewelry and other sales and services than the ABM model, which is why I would have liked to have seen seperate figures, it would have been interesting to compare. Maybe they were more effected by the flat retail side.

While looking at the HB site I noticed they opened 2 new branches in November, perhaps a couple of new branches here or there don't rate a mention in an iterim report any more, I wonder if there were any more under the A&B brand.

John
I've never really understood why AIM shares aren't ISAable but you can have then in a SIPP, this is what I've done with anything I've bought with a longish term view for the last couple of years including ABM. Income tax is returned to the SIPP on anything you put in and no CGT, though income tax is payable on eventual withdrawals.

[quickmind] 12/2/2008 11:32

- Steelman48, You raised an important point: "A fair lump of this would be from Herbert Brown of course and I would have liked to have seen the profits broken down more with same store figures to give a better idea of the progress of the pre-aquisition shops."

Let me have a stab.
Herbert Brown reported turnover of £13.7 million in the year ended 31 March 2007. The historic results of both ABM and HAT show that revenue slightly skews towards the second half of the calendar year. Assuming that same skewness applies to HB and taking into account some modest growth, I'd estimate the topline contribution from HB (being with ABM for 5.5 months) to be £6.8M-£7.0M. This implies an organic revenue growth rate of 4%-5%, lowest in recent years.

One could argue that HB's contribution may be lower and thus the organic growth was higher, but they're now the same family! The truth is that growth has slowed.

[steelman48] 12/2/2008 11:27

What would have happened to the share price yesterday if the results had been posted pre market as is usual for ABM is a matter of conjecture, as it happened there was a 4%+ rise, albeit from a 6 month low and slipping back a little today.

The truth is IMHO there were enough negatives, flat retail, increased bad debts from payday loans, cheque cashing down to preclude the explosive rise that a 39% profit increase would normally precipitate. We also have to remember that the Herbert Brown aquisition alone was mooted to increase profits by 34% so something of this order would have been expected by the market.

[jodi17qad] 12/2/2008 09:51

I do not agree with Ladyfarmer.

Whilst I cannot understand how the company missed its deadline, I have found that it takes institutions several days , if not weeks, to repsond to reasonable outcomes. It is otherwise in the case of bad news. If the market likes the figures, then I would expect a modest improvement in the share price over the next 4-6 weeks. THe report was not as bullish as I had hoped.

[ladyfarmer] 12/2/2008 08:23

If results had posted within trading day (which is the common interpretation)sp would have already climbed. May not make it up now as their moment in the limelight has passed. This admin error has cost us all money and has raised a questionmark over reliability and efficiency.

[shamster] 11/2/2008 18:40

Should go back on trend - about 275p?

[steelman48] 11/2/2008 18:02

I can't realy agree with ladyfarmer that they missed posting on time. Monday is Monday is Monday, I don't think anyone gave a time.

The results are about what I had expected, maybe a bit better, a 39% increase in profits can't be bad can it? A fair lump of this would be from Herbert Brown of course and I would have liked to have seen the profits broken down more with same store figures to give a better idea of the progress of the pre-aquisition shops. Maybe they'll do this at the full year.

It can't be a surprise in the present climate that the un-secured side of the business suffered increased bad debts and therefore a reduction in profits or that retail was flat, but the fundamental business, Pawnbroking, seems to go from strength to strength.

Overall, once again, I'm very pleased.

[one for the money] 11/2/2008 17:22

Not bad results.

They did post on the day they said they would - even though it was after the market closed.

IMHO We may see 240 again quite fast, as long as gold keeps going the way it has. I note gold dropped a bit earlier today because of the strengthened dollar, but it picked up again.

Cheers
John

[ladyfarmer] 11/2/2008 16:52

What a pity they missed posting results when booked. I find it unforgiveable that purportedly a forseeable admin matter should delay them. This should have been sorted when they announced (just 10 days ago) date for results.

[one for the money] 11/2/2008 14:34

LF

You're right!