Market's view on Mortgage Advice Bureau
Published on April 2024
- Stock watcher noted a significant price increase since October, with stock up by 50%.
- Concerns raised about the possibility of a profit warning due to adverse developments over the last 10 weeks, despite previous expectations of performance improvement.
- Observations made on a gap filling negatively affected by market articles and poor residential transaction data, suggesting potential future revenue declines and advisor number reductions.
- Discussion on the Fluent Money numbers revealed discrepancies in expected versus actual financial contributions post-acquisition, highlighting potential misrepresentation in financial updates.
- Discussions on market sentiment reflect a lack of meaningful recovery expected until interest cycle changes.
- Some stock watchers expressed continued support for the company despite a profit warning, while others showed concern over recent acquisition and its impact on financial stability.
- Concerns discussed regarding the company’s recent move into a net debt position combined with a material dividend payout in the current economic climate.
- Observations made on the company’s potential resilience compared to competitors, despite expected challenges in the UK property and mortgage markets.
- Comments on recent price drops related to trading updates and a significant write-off for a bad investment.
- Analysis of stock valuation suggests potential overpricing and risk of significant downside if market slowdown continues.