Mortgage Advice Bureau (Holdings) (MAB1)

Sector:

Financials

Index:

FTSE AIM 50

998.00p
   
  • Change Today:
      24.00p
  • 52 Week High: 1,500.00
  • 52 Week Low: 930.00
  • Currency: UK Pounds
  • Shares Issued: 57.01m
  • Volume: 4,209
  • Market Cap: £569.00m

Mortgage Advice Bureau trading in line after strong first quarter

By Josh White

Date: Tuesday 25 May 2021

LONDON (ShareCast) - (Sharecast News) - Consumer intermediary operator Mortgage Advice Bureau updated the market on its trading on Tuesday, reporting that adviser numbers had continued to grow since it reported its final results on 13 March.
The AIM-traded firm, which was holding its annual general meeting, said adviser numbers had risen to 1,668 advisers as at 21 May, making for an increase of 6% for the year-to-date.

Non-executive chair Katherine Innes Ker said the company's new appointed representative (AR) and adviser pipeline had been continuing to build, and was at an all-time high.

"Those discussions that were on hold during lockdown have now resumed, and we expect them to conclude quickly," she said.

The company's mortgage completions for the first quarter of 2021 totalled £5.3bn, making for an increase of 26% over the first quarter of 2020.

"We are pleased with this strong performance and the increase in both written and banked adviser productivity," Innes Ker said.

"Activity levels in the housing market have continued to be high throughout April and May.

"In addition, the underlying fundamentals driving consumer demand for housing purchase remain unchanged."

Katherine Innes Ker said "rapid progress" was still being made in terms of securing new lead sources, and the development of the firm's lead management platform.

"We had a strong start to the year in the first quarter, with considerably improved year-on-year profitability.

"This positive momentum has continued into the second quarter and trading continues to be strong.

"Current trading is in line with the board's expectations."

At 1115 BST, shares in Mortgage Advice Bureau Holdings were up 5.31% at 1,290p.

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 998.00p
Change Today 24.00p
% Change 2.46 %
52 Week High 1,500.00
52 Week Low 930.00
Volume 4,209
Shares Issued 57.01m
Market Cap £569.00m

MAB1 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.02% below the market average91.02% below the market average91.02% below the market average91.02% below the market average91.02% below the market average
93.39% below the sector average93.39% below the sector average93.39% below the sector average93.39% below the sector average93.39% below the sector average
Price Trend
3.39% below the market average3.39% below the market average3.39% below the market average3.39% below the market average3.39% below the market average
0.73% below the sector average0.73% below the sector average0.73% below the sector average0.73% below the sector average0.73% below the sector average
Income
31.24% above the market average31.24% above the market average31.24% above the market average31.24% above the market average31.24% above the market average
55.84% below the sector average55.84% below the sector average55.84% below the sector average55.84% below the sector average55.84% below the sector average
Growth
56.49% above the market average56.49% above the market average56.49% above the market average56.49% above the market average56.49% above the market average
2.52% above the sector average2.52% above the sector average2.52% above the sector average2.52% above the sector average2.52% above 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 28-Apr-22 30-Sep-21
Paid 30-May-22 29-Oct-21
Amount 14.70p 13.40p

Trades for 27-May-2022

Time Volume / Share Price
17:19 46 @ 986.89p
16:35 93 @ 998.00p
16:29 133 @ 970.00p
16:29 4 @ 974.00p
16:28 6 @ 974.00p

MAB1 Key Personnel

CEO Peter Brodnicki
CFO Lucy Tilley

Top of Page