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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Mortgage Advice Bureau - Shares reach £5 for first time

November 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MAB1
  • Price:
  • 495p
The shares hit a new high above £5 after MAB produced strong interims showing revenues up 15% to £49.6m, with pretax profit rising 19% to £6.3m. Eps rose 23% to 10.6p.MAB is a leading compliance network for mortgage brokers and in return for providing a regulatory umbrella, IT and training it receives a fixed percentage on any commission the brokers generate from the sale of mortgage and insurance products. A good proxy for its growth is therefore the increase in fee earning advisers, and in H1 the average number of advisers rose 14% to 974. Post year end it’s increased by 38 to 1,046 as at 22nd September.  MAB’s progress is all the more impressive given the mortgage lending market is virtually flat with UK Finance predicting ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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