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Sell Albermarle & Bond - It is essentially bust

By Lucian Miers | Wednesday 5 February 2014


Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Pawnbroker Albermale and Bond (ABM) ran into trouble last year, after expanding too quickly when the gold price was rising in 2012.  Increased competition and a falling gold price has bought the company to its knees and the share price has collapsed to 10p valuing the whole company at a little over £5 million. 



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