Mortgage Advice Bureau (Holdings) (MAB1)

Sector:

Financials

Index:

FTSE AIM 50

650.00p
   
  • Change Today:
      21.00p
  • 52 Week High: 800.00
  • 52 Week Low: 385.00
  • Currency: UK Pounds
  • Shares Issued: 52.13m
  • Volume: 1
  • Market Cap: £338.83m

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.

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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 650.00p
Change Today 21.00p
% Change 3.34 %
52 Week High 800.00
52 Week Low 385.00
Volume 1
Shares Issued 52.13m
Market Cap £338.83m

MAB1 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.03% below the market average91.03% below the market average91.03% below the market average91.03% below the market average91.03% below the market average
90.98% below the sector average90.98% below the sector average90.98% below the sector average90.98% below the sector average90.98% below the sector average
Price Trend
34.07% above the market average34.07% above the market average34.07% above the market average34.07% above the market average34.07% above the market average
33.80% above the sector average33.80% above the sector average33.80% above the sector average33.80% above the sector average33.80% above the sector average
Income
1.64% below the market average1.64% below the market average1.64% below the market average1.64% below the market average1.64% below the market average
67.9% below the sector average67.9% below the sector average67.9% below the sector average67.9% below the sector average67.9% below the sector average
Growth
43.83% above the market average43.83% above the market average43.83% above the market average43.83% above the market average43.83% above the market average
5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 2
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 30-Apr-20 03-Oct-19
Paid 29-May-20 25-Oct-19
Amount 6.40p 11.10p

Trades for 13-Aug-2020

Time Volume / Share Price
08:00 1 @ 650.00p

MAB1 Key Personnel

CEO Peter Brodnicki
CFO Lucy Tilley

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