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.
37.25p (before market opening)