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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Mortgage Advice Bureau - Registers new high of 638p

March 2018

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:
  • 548p
A strong start to 2018 for shares in Mortgage Advice Bureau, hitting a new high of 638p before a slight pull-back. The catalyst was a strong pre-close update for the year ended December showing a 17% rise in revenues to £109m driven by a 14% increase in the average number of fee earning advisers to 1,008. The total number of advisers rose 13% to 1,078 at the year end.As a result, full year results will be in line with forecasts, which are for pretax profit of £14.2m and eps of 22.9p. Zeus Capital forecasts a further increase in pretax profit to £17.3m this year and £20.1m in FY’19 for eps of 27.8p and 32.3p. With a 90% dividend payout ratio expected, forecast dividends are 21p in ’17 rising to 25 ...

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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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