Mortgage Advice Bureau (Holdings) Forum

Zeus note from research tree "Yesterday’s update reveals “MAB has already received an unprecedented number of remortgaging enquiries from customers on its website. MAB expects the reduction in house purchase transactions that was experienced ahead of the referendum to continue until the effects of the outcome on the wider UK economy become clearer. In the meantime, MAB advisers will continue to maximise the opportunities arising from their mortgage and protection leads."

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Read Zeus Capital's note on MORTGAGE ADVICE BUREAU HOLDI (MAB1), out this morning, by visiting Research Tree: "The growth in number of MAB advisers is ahead of our expectations: growth is 5.2% since 22 March 2016; 12.4% year to date; 26.5% since 15 May 2015. To reach our forecast of 910 advisers by the end of 2016, MAB must add 36 new advisers (i.e. further 4% growth). We are confident that the average number of MAB advisers in 2016 will reach 864. The average number of MAB advisers is the key driver of its revenue and profit growth. With 23% more advisers than the 2015 average of 720, we are confident that MAB is able to grow its revenue by 24% in 2016. Despite this excellent start to the year, we leave our revenue, profit, EPS & DPS forecasts unchanged..."