Mortgage Advice Bureau (... Share Discussion Threads

[planetgong] 06/12/2024 20:35

Just for interest, MAB was mentioned in a monthly news letter from one of the funds I hold:

"However, we believe Mortgage Advice Bureau (-20.99%) has wrongly sold-off on mortgage market jitters and regulatory fears. Real wage growth is improving affordability, the pipeline is growing, and a large re-financing opportunity exists."

[davidosh] 21/11/2024 16:37

There seem to be quite a few buyers since their two presentations at Mello yesterday

[chapchip] 19/11/2024 11:33

double bottom ??

[chapchip] 12/11/2024 17:47

steep fall in such a short period of time....after a similar rise

Liontrust increase stake

wonder what has caused the rapid descent

[mello2024] 07/11/2024 22:41

Just to let shareholders and prospective investors know that Mortgage Advice Bureau will be presenting & exhibiting at Mello's 10-year anniversary show on Wednesday 20th November 2024 9am - 7pm.

The Budget is out, Mello is in! To celebrate our 10 Year Anniversary, we have created a two-day investor conference that will include top quality keynote speakers including but not limited to Peter Pereira Gray, Paul Hill, Ben Rogoff, Rosemary Banyard and Gervais Williams. Also featuring panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts such as Leon Boros, Mark Simpson and Paul Scott. There will be over 40 exhibiting companies and over 60 presentations from companies such as The Property Franchise Group, Time Finance, Aeorema and many more! Get 50% off your ticket with code MMTADVFN50. Tickets are still available:

[chapchip] 15/10/2024 09:42

good recovery from £5.50...wish i had bought in but thought might drop further

[chapchip] 01/10/2024 11:44

eotehr way looks like the fall was way overdone and bouncing nicely

[wilmdav] 28/9/2024 16:41

"Pure Protection - Market Study

In August 2024 the FCA announced a market study into the Distribution of Pure Protection Products to Retail Customers. Good customer outcomes have always been, and continue to be, central to MAB's strategy and culture, and we see this as a positive initiative for the market and that clearer governance is complementary and supportive of our objectives as a Group.

As with Consumer Duty, we agree with the raising of standards across our sector, and that through raising the bar, in the medium to longer term this only accelerates the need for, and the pace of, market consolidation.

We will ensure that MAB continues to be optimally positioned firstly to continue doing the right thing by customers, but also to maximise this market consolidation opportunity." MAB1 H1 24 Interim Report

The date on which the study was published suggests that it was responsible for the decline in share price. In which case, the focus would seem to be solely on whether the amount of commission they (and others) have been loading on insurance products has been unfair to clients.

The 13% post-results bounce is not yet enough to indicate that analysts were convinced at the meeting on results day (24/09/24) that the price drop was unwarranted.

Perhaps the picture will become clearer by the end of next week?

[chapchip] 25/9/2024 09:22

looks like external pressures still holding it back

[wilmdav] 24/9/2024 12:55

belluci

H1 2023 reported profit was boosted by a £3.1m gain due to 'remeasurement and unwinding of redemption liability'. This year there was a £1.4m loss for the same item. The £4.5m difference accounted for the majority of the reduction in reported eps. (Note 7)

To be honest, I am not sure of the meaning of 'redemption liability'. It seems to be very volatile. Maybe someone else can help?

[belluci] 24/9/2024 09:20

Hi can someone please explain the reason behind the lower eps. I've read the notes but I don't understand it. Many thanks

[its the oxman] 24/9/2024 07:31

Pretty positive read and decent recovery play if 2025 is not totally derailed by the labour budget.

[bulltradept] 24/9/2024 07:26

Should like it even more later on. ;-)

[chapchip] 24/9/2024 07:17

market likes the results

[loglorry1] 21/9/2024 08:46

In the FCA document they are investigating this route. We need to be very careful here because if there is legal redress against MAB1 for not making costs crystal clear it could be very significant.

Why hasn't the company commented?

[chapchip] 20/9/2024 12:13

the loaded commissions are not charged by franchisees, MAB get a price for cover from the insurer, L&G, Aviva, Guardian, RL etc and load the premium by around 20%

i don t think this FCA themed review is the reason for the fall

[74tom] 20/9/2024 10:07

Posting the below comment from Stockopedia as it's relevant for all holders;

"The FCA's proposed terms of reference (relevant to Mortgage Advice Bureau (Holdings) (LON:MAB1) and others) is at fca.org.uk/publication/market-studies/ms24-1-1.pdf with a summary of the concerns at para. 3.2.

The MAB1 AR23 says on p. 7 that 39% of revenue was from insurance commissions, some of which is presumably MAB1's share of the loaded commissions charged by franchisees."

I thought the fall was sentiment / technicals driven, however it looks like something potentially more concerning which in all honesty should have been addressed by the company, instead of letting the share price fall from £8 to £5.70 in the last 3 weeks.

[sbb1x] 17/9/2024 12:14

Lion Trust increases stake

[sbb1x] 13/9/2024 14:41

Next week bank of england rate decision, if they cut rates maybe more people will remortgage....

[chapchip] 13/9/2024 08:40

its a steep drop

[sbb1x] 13/9/2024 08:10

18 red days and 4 green days since being 900 on 14th august.

[chapchip] 12/9/2024 15:43

if it was, expect a quick bounce