Updates

Mortgage Advice Bureau - 27% jump in fee advisors

October 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.

The shares have recovered nicely after a pre-close update. The key growth driver in H1 is the number of fee earning advisers and these rose 13% to 891 with 101 advisers joining in the period. The average number increased 27% year on year to 811.In the period it generated revenues of £43m up 38% year on year, while cash was over £16m including £9.5m unrestricted cash.Since the period end it sold a 49% stake in Capital Private Finance for £2.7m, which will be distributed to shareholders through a special dividend of 4.25p.There’s only been a little adverse effect from Brexit with HMRC’s recent housing data pointing to residential purchases down 0.9% between June and July, albeit down 13 ...

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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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