Mortgage Advice Bureau (... Share Discussion Threads

[gsbmba99] 29/3/2017 06:24

I'm intrigued by this statement from the results announcement: "Intermediaries previously had limited access to the product switching market in which customers change products with their existing lender. However, more lenders have started providing intermediaries with full access to this market which is estimated to be equal in size to the remortgage market which was c. £90bn in 2016. The CML industry data excludes product switches with the same lender." That suggests that the MAB addressable market could be up to 35% (£90bn/£240bn) larger than it is now. That sounds like a very good thing.

[gsbmba99] 23/3/2017 09:46

CML gross mortgage lending estimate for Feb 17 is £18.2bn marginally up on £18.1bn in Feb 16 ( Jan 17 appears to have been revised up from £18.9bn originally to £19.8bn. YTD17 (Jan-Feb) gross mortgage lending is £38bn vs £36.7bn 2016 or +3.5%. "Mortgage lending is holding up well, but under the surface buyers face mixed fortunes. First-time buyers and customers who are remortgaging are driving total lending, while home movers and buy-to-let remain weak." Mar 17 likely to be down significantly owing to last year's BTL surge. Next update 20 Apr.

[gsbmba99] 23/2/2017 10:23

CML gross mortgage lending estimate for Jan 17 is £18.9bn up 2% on Jan 16 and highest Jan total since 2008 (hxxps://www.cml.org.uk/news/press-releases/gross-mortgage-lending-189-billion-in-january/). "Overall mortgage lending continues to hold up pretty well, but we seem to have a twin-track market. Weakness in buy-to-let and home movers has been offset by an increase in first-time buyers and remortgage lending." Next update 23 Mar.

[gsbmba99] 20/1/2017 18:37

Trading update 27 Jan (hxxp://www.londonstockexchange.com/exchange/news/alliance-news/detail/1484928367593262800.html)
CML forecasts of gross mortgage lending £248b in 2017 and £252b in 2018 (hxxps://www.cml.org.uk/news/press-releases/new-cml-forecasts-for-2017-and-gross-lending-up-3-in-november/)

[edale] 07/1/2017 18:48

This has perked up nicely since it got hammered following the referendum. There should be a trading statement later in January so hopefully some good news.

[firtashia] 29/9/2016 09:50

Forecast for FY EPS left unchanged following the results.

[bamboo2] 28/7/2016 08:36

28 July 2016

Mortgage Advice Bureau (Holdings) plc

Pre-close Trading Update

Mortgage Advice Bureau (Holdings) plc (the "Company" and together with its subsidiaries, "Mortgage Advice Bureau", "MAB" or the "Group"), one of the UK's leading consumer intermediary brands and specialist Appointed Representative Networks, today issues a pre-close trading update for the six months ended 30 June 2016, ahead of publishing its interim results announcement on Wednesday, 28 September 2016(1) .

The average number of Advisers is a key driver of revenue. Following strong Appointed Representative recruitment in the first few months of the year, our total Adviser numbers at 30 June 2016 were up 13% to 891, with 101 new Advisers joining during the period. The average number of Advisers in the 12 months ended 30 June 2016 increased by 173 to 811, up 27% on the equivalent period last year(2) .

In the six months ended 30 June 2016, MAB generated revenue of GBP43 million, up 38% on the comparative period in 2015. At 30 June 2016, the Company had a strong balance sheet, with cash of over GBP16 million, including over GBP9.5 million of unrestricted cash balances.

MAB expects to complete the sale of its 49% stake in Capital Private Finance Limited shortly, after which MAB's exposure to the London market will reduce to c.6% in terms of revenue.

It is still early days following the UK referendum vote to leave the EU, however recent Rightmove data(3) concluded that "based on two weeks of post-Brexit-vote statistics...the housing market remains steady, underpinned by the same fundamentals that have led to its recovery since the last downturn". This is reflected in the feedback we are receiving from our estate agency business partners that activity from both buyers and new instructions are holding up better than anticipated.

MAB's Appointed Representative and Adviser recruitment shows no signs of slowing post the referendum outcome and our Advisers continue to focus on maximising the opportunities arising from their mortgage and protection leads. We continue to support our established Appointed Representatives with their plans to grow their local market share; there has been little or no impact on their organic growth plans post the referendum outcome. Overall, current trading is in line with the Board's expectations.

(1) The interim dividend in respect of the six months ended 30 June 2016 will be paid on 28 October 2016 and the record date is 7 October 2016.

(2) The average number of Advisers in the six months ended 30 June 2016 was 851 (2015: 671).

(3) The Rightmove House Price Index, Monday 18 July 2016.

Peter Brodnicki, CEO of Mortgage Advice Bureau (Holdings) plc, said:

"Despite early concerns in the business community post the UK referendum, there is plenty of business to be done and at MAB we are just getting on with it. Whilst Brexit might have created some headwinds for the UK economy, we remain focused on continuing to grow MAB's market share and strengthening our position as one of the UK's leading consumer intermediary brands and specialist Appointed Representative Networks."

[geoff21] 21/7/2016 21:16

Pre-close Trading update next thursday 28th could see this back to £3.00+.

[modform] 21/7/2016 19:51

You're ignoring the special dividends

[edale] 21/7/2016 19:09

Isn't the divi 9.5p i.e.3.77%

[modform] 21/7/2016 19:09

The fundamentals are compelling to me so bought back a few weeks ago after it had been badly hammered because of brexit.

[smallcapinvestor1] 21/7/2016 15:49

Market finally woken up to how cheap this stock is. 9% yield!!

[chapchip] 11/7/2016 13:44

ouch..almost 50% down in the last two months from its highs

[edale] 08/7/2016 11:48

I bought in early this year at 304p and have had a roller coaster ride upto 400p and now down to 195p. I can't see that Brexit is going to totally stall the housing market and I would have thought with the possibility of lower interest rates there will be a lot of people looking to remortgage. Anyway don't see any point in selling at this level so will continue to sit it out.

[alphabeta4] 07/6/2016 10:09

Yes - in H2.

[xtrmntr] 03/6/2016 19:07

Is there a special dividend due soon on this share?

[luffness] 26/5/2016 12:31

gooner108 - shouldnt you declare an interest ie that you are being paid by research-tree

[alphabeta4] 26/5/2016 07:53

So adviser numbers up to 888 from 790 at year end, around 12.5% in 5 months.
If that run rate continues they will be way above the 20% for the year.
I see an upgrade coming :)

[geoff21] 24/5/2016 23:22

AGM Thursday 26th will hopefully spark a share price recovery.

[xtrmntr] 24/5/2016 17:14

£3 coming soon?