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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • MAB1
  • Price:
  • 308p
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 ...

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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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