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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mortgage Advice Bureau (holdings) Plc | LSE:MAB1 | London | Ordinary Share | GB00BQSBH502 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.00 | -0.28% | 722.00 | 712.00 | 718.00 | 724.00 | 712.00 | 718.00 | 29,720 | 16:35:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Loan Brokers | 239.53M | 13.47M | 0.2356 | 30.48 | 413.78M |
Date | Subject | Author | Discuss |
---|---|---|---|
23/1/2025 11:52 | 4* Mortgage Advice Bureau (Holdings) plc today issues a trading update for the year ended 31 December 2024. Group revenue for year ended 31 December 2024 increased by 11% to c.£266m (2023: £239.5m), which was significantly higher than the estimated 4% growth in UK gross lending volumes for the same period. The Board expects to report growth in Adjusted PBT for the year of c. 31% to c. £30.5m (2023: £23.2m)... ...from WealthOracle wealthoracle.co.uk/d | martinmc123 | |
23/1/2025 09:23 | Stunning H2 performance here, with adjusted PBT of £18.1m, which is the highest PBT margin seen since the second half of 2021. I estimate full year EPS of 37.3p which is comfortably ahead of forecasts. IMO we should see shares back above £7 and heading up towards the £8-10 highs seen last summer as rate cuts land this year. | 74tom | |
13/1/2025 11:14 | I see the current share price as fair value or even generous. Unless you are personally involved with the mortgage market you are unlikely to be aware of all of the market dynamics that affect profitability - it is not just down to the volume of purchases! The re-mortgage market which accounts for most of the mortgage market is also affected by two key factors: firstly (and this one is reasonably obvious) the cost of long term (5 year) money which is higher now than it has been for a long time - and this means that for somebody who last took out a mortgage 5 years ago they are likely to se at least a 3% hike in the cost of their mortgage. This encourages them to just sit on their hands hoping against hope that rates will come down sometime soon. The less obvious factor is that lenders are increasingly oriented towards retaining clients at the end of their mortgage term by offering very attractive "product transfer" deals direct to clients (dis-intermediating the introducing broker and thus cutting out their income flow). Even if the broker attempts to counter this through active engagement with clients then FCA rules put them at a disadvantage compared with the lender as they are forced to carry out product suitability checks that require input from the client that is not required for the "direct" product transfer - and this also carries a lower rate of commission than a re-mortgage to a different lender. | future financier | |
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." | planetgong | |
21/11/2024 16:37 | There seem to be quite a few buyers since their two presentations at Mello yesterday | davidosh | |
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 | chapchip | |
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: | mello2024 | |
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 | chapchip | |
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? | wilmdav | |
25/9/2024 09:22 | looks like external pressures still holding it back | chapchip | |
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? | wilmdav | |
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 | belluci | |
24/9/2024 07:31 | Pretty positive read and decent recovery play if 2025 is not totally derailed by the labour budget. | its the oxman | |
24/9/2024 07:26 | Should like it even more later on. ;-) | bulltradept | |
24/9/2024 07:17 | market likes the results | chapchip | |
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? | loglorry1 | |
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 | chapchip | |
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/publicati 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. | 74tom | |
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.... | sbb1x |
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