Mortgage Advice Bureau (Holdings) (MAB1)

Sector:

Financials

Index:

FTSE AIM 50

622.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 638.00
  • 52 Week Low: 490.00
  • Currency: UK Pounds
  • Shares Issued: 51.11m
  • Volume: 4,707
  • Market Cap: £317.88m
  • Beta: 0.64

Mortgage Advice Bureau posts 13% rise in revenues

By Michele Maatouk

Date: Tuesday 22 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Mortgage Advice Bureau reported a jump in full-year revenue on Tuesday despite ongoing Brexit uncertainty.
In an update for the year to 31 December 2018, the company said revenue rose 13% to £123m as the average number of advisers increased 12% to 1,130. Meanwhile, average revenue per adviser was up 1% during the year, despite the uncertainty brought about by Brexit and a reduction in housing transactions overall.

The group said pre-tax profit for the year was broadly in line with the board's expectations and it had a strong balance sheet, with a cash position of over £25m, including over £13m of unrestricted cash balances.

Chief executive officer Peter Brodnicki said: "MAB has delivered another strong performance despite the uncertainty caused by the ongoing Brexit negotiations. We continue to grow our market share and invest in accordance with our very clear strategy to ensure continued and sustainable growth.

"We are looking forward to capitalising upon our recent protection initiatives to increase performance whilst also delivering the initial phase of our next generation MIDAS technology in the first half of this year. Both of these initiatives are already proving to be important recruitment drivers for Appointed Representatives, advisers and lead sources.

"This initial phase and further releases across 2019 and 2020 will benefit MAB advisers and customers, through improvements in efficiency, productivity, lead generation, product offering and customer experience. We are excited about how delivering this will help us to attract more advisers and customers into MAB, assisting our future growth plans."

At 1525 GMT, the shares were down 3.8% to 580p.

Email this article to a friend

or share it with one of these popular networks:


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 622.00p
Change Today -2.00p
% Change -0.32 %
52 Week High 638.00
52 Week Low 490.00
Volume 4,707
Shares Issued 51.11m
Market Cap £317.88m
Beta 0.64

MAB1 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.38% below the market average86.38% below the market average86.38% below the market average86.38% below the market average86.38% below the market average
92.81% below the sector average92.81% below the sector average92.81% below the sector average92.81% below the sector average92.81% below the sector average
Price Trend
71.93% above the market average71.93% above the market average71.93% above the market average71.93% above the market average71.93% above the market average
72.79% above the sector average72.79% above the sector average72.79% above the sector average72.79% above the sector average72.79% above the sector average
Income
24.36% above the market average24.36% above the market average24.36% above the market average24.36% above the market average24.36% above the market average
25.3% below the sector average25.3% below the sector average25.3% below the sector average25.3% below the sector average25.3% below the sector average
Growth
23.31% above the market average23.31% above the market average23.31% above the market average23.31% above the market average23.31% above the market average
11.48% below the sector average11.48% below the sector average11.48% below the sector average11.48% below the sector average11.48% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
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
  Interim Final
Ex-Div 03-Oct-19 25-Apr-19
Paid 25-Oct-19 24-May-19
Amount 11.10p 12.70p

Trades for 13-Nov-2019

Time Volume / Share Price
13:00 250 @ 622.00p
12:57 159 @ 621.70p
12:54 655 @ 624.00p
12:13 2,077 @ 638.00p
11:07 1,566 @ 637.70p

MAB1 Key Personnel

CEO Peter Brodnicki
CFO Lucy Tilley

Top of Page