$ABM.L – Albemarle & Bond – nasty trading statement

Pawnbroker ABM (Albemarle & Bond) issued a trading update today (http://is.gd/RzXM6j) in which bodes ill for the share price. Here’s a few of the horror items:
* The pledge book has declined by 12% year on year
* constrained banking facilities
* delayed the publication of its 2013 annual report reflecting current uncertainties [maybe going concern uncertainties?]
* market expectations are significantly more optimistic than its own.

Ouch.

37.25p (before market opening)

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About mcturra2000

Computer programmer living in Scotland.
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