Updates

Mortgage Advice Bureau

June 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Since our last update shares in Mortgage Advice Bureau (MAB) have surged from 316p to 474p and are now 194p ahead of our 280p main write up in October ’15.Clearly the settling down in the housing market post Brexit, aided by rock bottom mortgage rates, has helped with results marginally beating forecasts. Revenues, pretax profit and eps soared 23%, 20% and 18% respectively to £92.8m, £12.5m and 20.3p – its eighth consecutive year of growth. There was a nice 27% rise in dividends to 18.3p (excluding a special of 5.35p), while unrestricted net cash was £10.8m (2015: £8.2m).MAB operates a leading compliance network for mortgage intermediaries (i.e. brokers) in which it provides belt ‘n&r ...

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Mortgage Advice Bureau (July 2020)

Mortgage Advice Bureau (November 2019)

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Mortgage Advice Bureau (May 2019)

Mortgage Advice Bureau (April 2019)

Mortgage Advice Bureau - Eps forecast to increase by 36% over 2 years (September 2018)

Mortgage Advice Bureau (May 2018)

Mortgage Advice Bureau - Registers new high of 638p (March 2018)

Mortgage Advice Bureau - Shares reach £5 for first time (November 2017)

Mortgage Advice Bureau (March 2017)

Mortgage Advice Bureau - Advisor numbers soar 27% (December 2016)

Mortgage Advice Bureau - 27% jump in fee advisors (October 2016)

Mortgage Advice Bureau - Blow out 2015 results (May 2016)

Mortgage Advice Bureau - Trading ahead of expectations (March 2016)

Mortgage Advice Bureau - Advisor numbers ahead of forecasts (November 2015)

Mortgage Advice Bureau - Mortgage broker network growing at a scorching pace (October 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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