Mortgage Advice Bureau

Mortgage Advice Bureau (Holdings) is a holding company. Through its subsidiaries, Co. is engaged in the provision of mortgage advice and advice on protection and general insurance products.
  • TickerMAB1
  • ISINGB00BQSBH502
  • ExchangeLondon Stock Exchange
  • SectorFinancial Services
  • CountryUnited Kingdom

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Robin Savage

Mortgage Advice Bureau (MAB1 LN)

Interims pre-close statement What’s new. The trading update for the 6 months to 30 June 2018, released ahead of Mortgage Advice Bureau’s interims, due on Tuesday 25 September, reveals:  Revenue rose 16% 1H on 1H to £57m (1H17: £49.6m) driven primarily by a 13% increase in the average number of Advisers to 1,103 over the period (six months ended 30 June 2017: 974);  The number of advisers on 30 June 2018 was 1,138: growth of 60 advisers (i.e. 6%) which is similar to last year (1H17: 58 or 6%); as in 2017 new business recruitment will be weighted to the second half of the year;  Strong balan...

Robin Savage

Mortgage Advice Bureau (MAB1 LN)

Growth through the cycle MAB’s business model: We observe four attractive characteristics, which ensure MAB delivers predictable revenue, profit and dividend growth:  Currently, the main driver of growth in MAB’s revenues, profits and dividends is the number of advisers employed or self-employed by its Appointed Representative firms (ARs);  High cash conversion: operational cashflow is over 100% of post-tax profit;  MAB is capital light: it is able to pay out 90% of reported earnings;  MAB’s management team has a material equity interest. Since its IPO in November 2014, MAB has grown the...

2 directors sold after exercising options/sold

Two Directors at Mortgage Advice Bureau sold after exercising options/sold 270,311 shares at 627p. The significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under l...

Robin Savage

Mortgage Advice Bureau* (MAB1 LN)

Delivering growth in a flat market MAB’s results for the year to December 2017, which have beaten our expectations, confirm that it is growing in a relatively flat market. In 2017 MAB delivered:  14% yoy rise in average adviser numbers to 1,008 (31 Dec 17: 1,008);  17% rise in revenue to £108.8m (Zeus forecast £109m);  3% increase in average revenue per adviser (i.e. productivity is rising);  16% growth in adj PBT to £14.5m (Zeus forecast £14.1m);  14% rise in fully diluted adj EPS to 23.2p (Zeus forecast: 22.9p)  17% rise in DPS to 21.4p (Zeus forecast: 21.0p)  21% rise in cash to £22....

2 directors sold after exercising options/sold

Two Directors at Mortgage Advice Bureau sold after exercising options/sold 270,311 shares at 627p. The significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under l...