Pawnbroker duo cash in

4th Jun 2009 17:28

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.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.Top Director BuysCobham (COB) Director name: Mr Warren G TuckerAmount purchased: 62,340 @ 179.90p Value: £112,150CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 10,474 @ 300.00p Value: £31,422FFastFill (FFA) Director name: Mr Nigel R HartnellAmount purchased: 545,500 @ 5.50p Value: £30,002FFastFill (FFA) Director name: Mr Keith ToddAmount purchased: 182,000 @ 5.50p Value: £10,010Top Director SellsSABMiller (SAB) Director name: Mr Graham MackayAmount sold: 25,462 @ 1,257.00p Value: £320,057Albemarle & Bond (ABM) Director name: Mr David P PattinsonAmount sold: 150,000 @ 207.60p Value: £311,400SABMiller (SAB) Director name: Mr M I WymanAmount sold: 15,499 @ 1,257.00p Value: £194,822SABMiller (SAB) Director name: Mr Graham MackayAmount sold: 14,268 @ 1,252.00p Value: £178,635Invensys (ISYS) Director name: Mr Ulf HenrikssonAmount sold: 49,599 @ 231.40p Value: £114,772Cobham (COB) Director name: Mr Warren G TuckerAmount sold: 62,159 @ 179.20p Value: £111,389Albemarle & Bond (ABM) Director name: Mr Philip Patrick MurphyAmount sold: 50,000 @ 207.60p Value: £103,800SABMiller (SAB) Director name: Mr M I WymanAmount sold: 6,547 @ 1,252.00p Value: £81,968SABMiller (SAB) Director name: Mr John DavidsonAmount sold: 4,982 @ 1,257.00p Value: £62,624