Mortgage Advice Bureau – notes re-financing and market share “opportunities” but also a written business collapse
By Steve Moore | Thursday 1 December 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Mortgage Advice Bureau (MAB1) has issued a trading update noting adverse trading impact from the government’s recent manoeuvrings but also that its “re-financing opportunities from its client bank are at a record level for 2023… remains highly cash generative and retains a strong balance sheet”. So what of a now down towards 500p share price, £290 million market cap?
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