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MAB1 Mortgage Advice Bureau (holdings) Plc

640.00
-12.00 (-1.84%)
13 Dec 2024 - Closed
Delayed by 15 minutes
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
  -12.00 -1.84% 640.00 24,359 16:35:00
Bid Price Offer Price High Price Low Price Open Price
634.00 642.00 666.00 644.00 648.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Loan Brokers 239.53M 13.47M 0.2356 27.33 372.63M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 UT 1,462 640.00 GBX

Mortgage Advice Bureau (... (MAB1) Latest News

Mortgage Advice Bureau (... (MAB1) Discussions and Chat

Mortgage Advice Bureau (... Forums and Chat

Date Time Title Posts
06/12/202420:35Mortgage Advice Bureau298
26/2/202116:15MORTGAGE ADVICE BUREAU-
27/6/201810:57SBIZ the new MAB1-

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Mortgage Advice Bureau (... (MAB1) Most Recent Trades

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Posted at 14/12/2024 08:20 by Mortgage Advice Bureau (... Daily Update
Mortgage Advice Bureau (holdings) Plc is listed in the Loan Brokers sector of the London Stock Exchange with ticker MAB1. The last closing price for Mortgage Advice Bureau (... was 652p.
Mortgage Advice Bureau (... currently has 57,152,035 shares in issue. The market capitalisation of Mortgage Advice Bureau (... is £368,059,105.
Mortgage Advice Bureau (... has a price to earnings ratio (PE ratio) of 27.33.
This morning MAB1 shares opened at 648p
Posted at 28/9/2024 16:41 by wilmdav
"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?
Posted at 21/9/2024 08:46 by loglorry1
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?
Posted at 20/9/2024 12:13 by chapchip
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
Posted at 20/9/2024 10:07 by 74tom
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.
Posted at 12/9/2024 14:13 by mammyoko
Yes, I think you're probably right on all counts.

The constant drip of small amounts at any price looks more like a shorter than an institution dumping. GLG are short at around 530p so maybe they are taking the opportunity of a backdrop of weakness and no buyers to try and drive the price back to that level?
Posted at 12/9/2024 14:04 by hnicholls3
Quite unusual price action. Must be the worst performing stock of the last month that hasn't released any earnings. I would buy lots more if it wasn't for the order book which looks quite ominous and suggests a couple of decent sellers.
Surely can't be reaction to the last update as that should have been priced in by now...my guess is it's general nervousness around UK plc due to upcoming budget. Couple of other names seem to be trading in a similar fashion. Again I'm hesitant to buy more as many have results soon and also I fear the market dynamic has changed since the August drop.
Posted at 12/9/2024 13:29 by mammyoko
They do also have a traditional H2 weighting to sales - albeit it was not so pronounced in 2023 which reflected the very weak Q4/23 advances market.

There's a backlog of people on expensive floaters that are looking to remortgage as rates come down. Rates are slowly starting to come down and the anticipation of how far they will do so in the next 12-18 months has probably changed to be less and slower which would encourage fixing.

Plus they are continuing to win market share and each gain in market share adds to the network effect.

There's definitely some unusual price activity going on here as down 34% in a month on an inline statement, albeit against a backdrop of Labour budget scare-mongering further destroying confidence and liquidity in UK small caps
Posted at 12/9/2024 09:22 by mammyoko
Somebody definitely trying to push the price down here. Let's see if they can do it. Quality compounding business with potential for cyclical upswing as interest rates decline. Can't see the attraction of being short here.
Posted at 11/9/2024 08:34 by mammyoko
Automated trades here trying to push the price down. GLG trying to get back onside with the 0.55% short taken out in July 2023?

Feel this has fallen too far here, so was a buyer at the 620p level, looking for a bounce back up to 750p. The property market is reportedly very active at the moment and with interest rates likely to be on a downward trend, the prospects for MAB1 in H2 and into 2025 look pretty good.
Posted at 23/2/2023 11:24 by 74tom
Not so happy now though as that gap has just filled.

Probably due to articles like this encouraging shorters to return;



And also poor data like this

"Residential property transactions came to 77,390 in January on a non-seasonally adjusted basis, says HMRC.

This means transactions were 7% lower on an annual basis and, compared to December 2022, marks a 27% drop off.

On a seasonally adjusted basis, HMRC calculates there were 96,650 residential transactions in the first month of 2023 – an 11% annual drop and a monthly fall of 3%."

A frozen market would be a disaster for MAB1 as revenues would go into reverse and advisor numbers being significantly reduced. Will it happen?
Mortgage Advice Bureau (... share price data is direct from the London Stock Exchange

Mortgage Advice Bureau (... Frequently Asked Questions (FAQ)

What is the current Mortgage Advice Bureau (... share price?
The current share price of Mortgage Advice Bureau (... is 640p.
How many Mortgage Advice Bureau (... shares are in issue?
Mortgage Advice Bureau (... has 57,152,035 shares in issue.
What is the market cap of Mortgage Advice Bureau (...?
The market capitalisation of Mortgage Advice Bureau (... is GBP 372.63 M.
What is the 1 year trading range for Mortgage Advice Bureau (... share price?
Mortgage Advice Bureau (... has traded in the range of 534.00p to 984.00p during the past year.
What is the PE ratio of Mortgage Advice Bureau (...?
The price to earnings ratio of Mortgage Advice Bureau (... is 27.33.
What is the cash to sales ratio of Mortgage Advice Bureau (...?
The cash to sales ratio of Mortgage Advice Bureau (... is 1.54.
What is the reporting currency for Mortgage Advice Bureau (...?
Mortgage Advice Bureau (... reports financial results in GBP.
What is the latest annual turnover for Mortgage Advice Bureau (...?
The latest annual turnover of Mortgage Advice Bureau (... is GBP 239.53M.
What is the latest annual profit for Mortgage Advice Bureau (...?
The latest annual profit of Mortgage Advice Bureau (... is GBP 13.47M.
What is the registered address of Mortgage Advice Bureau (...?
The registered address for Mortgage Advice Bureau (... is CAPITAL HOUSE, PRIDE PLACE, PRIDE PARK, DERBY, DE24 8QR.
What is the Mortgage Advice Bureau (... website address?
The website address for Mortgage Advice Bureau (... is www.mortgageadvicebureau.com.
Which industry sector does Mortgage Advice Bureau (... operate in?
Mortgage Advice Bureau (... operates in the LOAN BROKERS sector.

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