Updates

Mortgage Advice Bureau - Shares reach £5 for first time

November 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.

The shares hit a new high above £5 after MAB produced strong interims showing revenues up 15% to £49.6m, with pretax profit rising 19% to £6.3m. Eps rose 23% to 10.6p.MAB is a leading compliance network for mortgage brokers and in return for providing a regulatory umbrella, IT and training it receives a fixed percentage on any commission the brokers generate from the sale of mortgage and insurance products. A good proxy for its growth is therefore the increase in fee earning advisers, and in H1 the average number of advisers rose 14% to 974. Post year end it’s increased by 38 to 1,046 as at 22nd September. MAB’s progress is all the more impressive given the mortgage lending market is virtually flat with UK Finance predicting ...

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

Subscribe now

Already a subscriber? Login

Luceco - Gain to date: 65%

Tarsus

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 (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 - 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.

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