Updates

Mortgage Advice Bureau - Trading ahead of expectations

March 2016

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.

With mortgage approvals rising 18% to over 70,000 in the year ended December providing the perfect backdrop for Mortgage Advice Bureau, a leading compliance network for mortgage brokers, it duly announced a year-end update ahead of broker forecasts. Revenues rose 33% to £75m following a strong end to the year in terms of commission banked and performance from its associated businesses. At end of December it had cash of £14m including over £8m unrestricted cash.The number of advisers (a key proxy for future growth) increased by 25% to 790 while the average number of advisers rose 24% to 720. Canaccord notes that revenue per adviser has also increased sharply from £81,900 in FY’13 to £104,200 in FY ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

N Brown - Trading unaffected by mild winter

Cranswick - 10% volume growth in Q3

Mortgage Advice Bureau (December 2021)

Mortgage Advice Bureau (June 2021)

Mortgage Advice Bureau (July 2020)

Mortgage Advice Bureau (November 2019)

Mortgage Advice Bureau (September 2019)

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 (June 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 - 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X