Pawnbroker Albermarle & Bond has made hay in the current tough climate. At the end of last May, A&B indicated profits this year would be significantly higher than expected.
The core pawnbroker business has been boosted by the higher price of gold, which has enhanced the yield on unredeemed loans, A&B said.
Taking advantage of the spike in the share price following that update, finance director David Pattinson has sold 150,000 shares at 207.6p, while founder and current non-executive Philip Murphy disposed of 50,000 at the same price.
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Both directors exercised options last month. Pattinson took up two chunks of options on 50,000 and 100,000 shares at respective exercise prices of 74.5p and 93.5p, while Murphy exercised options over 100,000 shares at 74.5p.
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