Mortgage Advice Bureau (Holdings) (MAB1)

Sector:

Financials

Index:

FTSE AIM 50

912.00p
   
  • Change Today:
      36.00p
  • 52 Week High: 924.00
  • 52 Week Low: 500.00
  • Currency: UK Pounds
  • Shares Issued: 57.13m
  • Volume: 14,332
  • Market Cap: £521.00m

Mortgage Advice Bureau adds advisers and grows business, investors told

By Josh White

Date: Wednesday 16 May 2018

LONDON (ShareCast) - (Sharecast News) - Investors in Mortgage Advice Bureau were told how adviser numbers had continued to grow on Wednesday, increasing to 1,116 advisers as at 11 May, as they gathered for the company's annual general meeting.
The AIM-traded firm said organic recruitment had been in line with the board's expectations, and it expected new business recruitment to be weighted again to the second half of the year.

"MAB welcomes the recently-published interim report from the FCA on their Mortgage Market Study, which reported that the mortgage market is working well in many respects, but highlighted the importance of developing tools for consumers to better compare different mortgage deals, the potential for intermediaries to offer execution-only sales and also the need to make it easier for consumers to assess the relative strengths of intermediaries," said non-executive chairman Katherine Innes Ker.

"This is in line with our strategy which remains focused on consumer choice and outcomes, and securing further growth through technology, lead generation and specialisation which will increase our market share and the number of mortgage completions in all market conditions, enabling us to continue to deliver strong returns to our investors."

Innes Ker said the company was just over a year into its three-year plan that was focused on building "solutions for the future", which would apparently ensure MAB was able to maintain and build upon its position in the intermediary sector.

"We continue to invest in our core business model with our plans for 2020 and beyond designed to secure sustainable long-term growth whilst continuing to deliver strong results in the meantime.

"Current trading is in line with the board's expectations and we look forward to delivering further growth in the remainder of this financial year."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MAB1 Market Data

Currency UK Pounds
Share Price 912.00p
Change Today 36.00p
% Change 4.11 %
52 Week High 924.00
52 Week Low 500.00
Volume 14,332
Shares Issued 57.13m
Market Cap £521.00m

MAB1 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.87% below the market average74.87% below the market average74.87% below the market average74.87% below the market average74.87% below the market average
90.48% below the sector average90.48% below the sector average90.48% below the sector average90.48% below the sector average90.48% below the sector average
Price Trend
72.11% above the market average72.11% above the market average72.11% above the market average72.11% above the market average72.11% above the market average
79.31% above the sector average79.31% above the sector average79.31% above the sector average79.31% above the sector average79.31% above the sector average
Income
41.99% below the market average41.99% below the market average41.99% below the market average41.99% below the market average41.99% below the market average
93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average
Growth
71.93% below the market average71.93% below the market average71.93% below the market average71.93% below the market average71.93% below the market average
48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MAB1 Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 05-Oct-23
Paid 29-May-24 03-Nov-23
Amount 14.70p 13.40p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1,761 @ 912.00p
16:35 1 @ 912.00p
16:35 52 @ 912.00p
16:35 53 @ 912.00p
16:35 157 @ 912.00p

MAB1 Key Personnel

CEO Peter Brodnicki
CFO Lucy Tilley

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