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 Shares Traded Last Trade
  0.00 0.0% 950.00 5,344 15:32:02
Bid Price Offer Price High Price Low Price Open Price
930.00 978.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 143.74 17.70 28.20 33.7 505
Last Trade Time Trade Type Trade Size Trade Price Currency
15:38:38 O 3,362 930.00 GBX

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Date Time Title Posts
19/1/202114:05Mortgage Advice Bureau213
27/6/201810:57SBIZ the new MAB1-

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Mortgage Advice Bureau (... Daily Update: Mortgage Advice Bureau (holdings) Plc is listed in the General Financial sector of the London Stock Exchange with ticker MAB1. The last closing price for Mortgage Advice Bureau (... was 950p.
Mortgage Advice Bureau (holdings) Plc has a 4 week average price of 862p and a 12 week average price of 760p.
The 1 year high share price is 1,000p while the 1 year low share price is currently 340p.
There are currently 53,142,894 shares in issue and the average daily traded volume is 139,300 shares. The market capitalisation of Mortgage Advice Bureau (holdings) Plc is £504,857,493.
gsbmba99: Https:// Q119 product transfer data shows limited growth by value of product transfers (£39.2bn vs £38.8bn last year) but encouraging that a larger proportion (£22.7bn vs £19.9bn last year) were advised with advised share of value inreasing to 57.9% from 51.3% last year. That's 15.3% growth in the advised value.
trytotakeiteasy: Covered here:
gsbmba99: Belvoir has announced the acquisition of MAB (Gloucester) Limited which is the largest appointed representative firm by number of advisers. When combined with Brook, BLV will have 127 advisers representing >10% of MAB1 reps. "... Belvoir Group has executed a new, long term exclusive agreement with MAB." Improved security for by far the largest rep firm though no mention of any margin impact.
gsbmba99: I imagine it's the combination of interest rate rise and not many buyers around in August. LSE have analytics - Https:// Page 1, lower left relative strength has fallen through the floor. Seems to happen to MAB1 once or twice a year.
gsbmba99: About 2:40 in, the lady from Lloyds says the product transfer/rate switch market was £150bn in 2016. If correct, suggests that this market is very significantly larger than the £90bn guesstimate previously used by MAB1. Don't know what our resident experts think of this estimate. Https:// More generally, there are some interesting topics if interested in mortgage advisers, investment platforms and/or SBIZ.
gsbmba99: Ben Thompson has been appointed MD, a new board level position. He was until today CEO of ULS ( Https:// ). Peter Brodnicki is gifting Thompson 113k shares. I can't recall seeing this before. It seems Mr. Thompson is much desired by Peter if he's willing to give up nearly £700k to get him to join. In the last 12 months we have two new proposition directors (mortgages and protection) and a new MD.
gsbmba99: LSL has purchased a company called Personal Touch for £5.4m (including assumed intercompany debt). Apparently, Personal Touch has an adviser network of 200 firms with 474 advisers that originated £5.1bn of mortgages in 2017. Not sure I understand why a firm that is a little less than 50% the size of MAB is only worth £5.4m. I'm assuming there are very material differences in the respective business models - eg Personal Touch has very small revenue share and/or doesn't offer the compliance oversight - that would explain the enormous gap in valuations.
caterham88: Today's Share magazine mentions MAB1 as being a recent purchase by CFP SDL Free Spirit fund.
gsbmba99: Nice find, edale. ( [...] ) This link has a video interview with Peter Brodnicki. The technology improvement comments match comments from chapchips further upthread. The recent multiple expansion suggests market coming around to viewing this as a franchise/platform/infrastructure play with attractive, virtually cap-ex free growth prospects. If Brodnicki suggests margins could expand over time (not clear whether that's at the AR or MAB1 level), all the better.
gsbmba99: Belvoir Lettings provided an update on their acquisition of Brook, a MAB affiliate. Brook's net written business (net commission after deduction of MAB1 share?) for October and November was £570k (£285k/month or £3.42m/year annualised) which is +57% on last year or +40% on the average of January to late July when it was acquired. Thus far they are covering 66% of the 39 Newton Fallowell offices (their sales focused brand). Three new mortgage advisers in training and further recruitment planned. Mortgage offering to be rolled out to other sales-focused Belvoir and Northwood offices starting in January. Probably not material to MAB1 (guessing about 3% of advisers) but encouraging progress nonetheless.
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