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Pin to quick picksMortgage Advice Bureau Share News (MAB1)

Share Price Information for Mortgage Advice Bureau (MAB1)

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Share Price: 882.00
Bid: 884.00
Ask: 912.00
Change: -18.00 (-2.00%)
Spread: 28.00 (3.167%)
Open: 882.00
High: 882.00
Low: 882.00
Prev. Close: 900.00
MAB1 Live PriceLast checked at -

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Mortgage Advice Bureau to buy Scotland-based First Mortgage

Tue, 18th Jun 2019 13:18

(Sharecast News) - Mortgage Advice Bureau has agreed to buy an 80% stake in Scottish peer First Mortgage.The company will be bought from Ian Robert McGrail and his father Robert Lawrence McGrail for £16.5m in cash. In addition, MAB also has an option to buy the remaining 20% of the share capital for up to £10m.In the nine months to the end of December 2018, First Mortgage - which was established in Scotland and now has 90 employed mortgage and protection advisers - generated revenue of £10.2m and pre-tax profit of £1.5m. MAB's managing director Ben Thompson said the acquisition is "central and complementary" to the company's strategic objective to grow its market share of new mortgage lending. "First Mortgage is a highly reputable, forward thinking business of significant scale with a clear strategy to deliver further strong year on year growth. This enables us to pursue at pace our aim to accelerate group growth through excelling in areas of specialisation, and in particular, building on our omni-channel choice for customers," he said."This approach best positions MAB to benefit in an evolving intermediary sector. MAB's new technology developments will further strengthen our capability and ambition in this regard."At 1315 BST, MAB shares were down 1.7% at 572p.
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20 Mar 2018 13:11

Mortgage Advice Bureau Confident On Continuing Annual Growth Streak

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31 Jan 2017 17:09

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27 Jan 2017 09:47

Mortgage Advice Bureau profits unaffected by Brexit

(ShareCast News) - Mortgage Advice Bureau Holdings (MAB), an AIM-listed network for mortgage intermediaries, has provided a trading update for the year ended 31 December 2016. Underlying profit before tax for the year ended 31 December 2016 was ahead of market consensus despite the lull in activity

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23 Dec 2016 12:51

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28 Sep 2016 11:22

Mortgage Advice Bureau reports successful first half despite Brexit shock

(ShareCast News) - Mortgage Advice Bureau (MAB), a UK-based mortgage broker, has reported a rise in both profits and market share in the first half despite uncertainty surrounding Britain deciding to leave the EU. Chief executive Peter Brodnicki said adviser productivity slowed in the lead up to the

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28 Sep 2016 08:13

Mortgage Advice Bureau Builds Profit With No Brexit Hit In Sight

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1 Aug 2016 15:56

Mortgage Advice Bureau completes CPF disposal

(ShareCast News) - Specialist appointed representative network and consumer intermediary brand Mortgage Advice Bureau announced on Monday that it has completed the sale of its 49% stake in Capital Private Finance for consideration in cash of £2.7m. The AIM-traded firm had revealed in its final resul

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27 Jun 2016 15:53

Mortgage Advice Bureau works to reassure investors post-Brexit

(ShareCast News) - One of the UK's largest house lending consumer intermediaries and specialist Appointed Representative Networks, Mortgage Advice Bureau, released commentary on the outcome of the Brexit referendum result on Monday. The AIM-traded firm said while it is still early days, it has recei

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27 Jun 2016 12:46

Mortgage Advice Bureau Expects Fewer Transactions After Brexit Vote

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