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Mortgage Advice Bureau Issues New Shares After Option Exercises

Story Highlights
  • Mortgage Advice Bureau issued 65,042 new ordinary shares after executives exercised options.
  • Total share capital rose to 58,021,831 shares, updating investors’ disclosure thresholds.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mortgage Advice Bureau Issues New Shares After Option Exercises

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An update from Mortgage Advice Bureau (Holdings) ( (GB:MAB1) ) is now available.

Mortgage Advice Bureau (Holdings) plc has issued 65,042 new ordinary shares following the exercise of options granted under its 2014 Executive Option Plan, with the shares drawn from an existing block listing. As a result, the company’s total issued ordinary share capital has increased to 58,021,831 shares, a new denominator for investors assessing disclosure thresholds under UK regulatory transparency rules, but the transaction does not indicate any change in strategy or operations beyond routine equity-based incentive arrangements.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £759.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Spark’s Take on GB:MAB1 Stock

According to Spark, TipRanks’ AI Analyst, GB:MAB1 is a Outperform.

Mortgage Advice Bureau (Holdings) has a solid financial foundation with strong revenue growth and profitability. Positive corporate events, such as increased shareholdings by directors, boost confidence in the company’s future. However, technical indicators suggest a bearish trend, and the valuation appears high, which could limit upside potential.

To see Spark’s full report on GB:MAB1 stock, click here.

More about Mortgage Advice Bureau (Holdings)

Mortgage Advice Bureau (Holdings) plc is a leading UK consumer intermediary brand and specialist network for mortgage advisers, operating a technology-driven mortgage network and brokerage. Working through over 2,000 advisers in its Appointed Representative partner firms, the company provides advice on mortgages, specialist lending, protection and general insurance products, and supports its network with proprietary technology, recruitment, lead generation, training, compliance oversight, and digital marketing services.

Average Trading Volume: 137,831

Technical Sentiment Signal: Sell

Current Market Cap: £390.6M

For detailed information about MAB1 stock, go to TipRanks’ Stock Analysis page.

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