Neil Woodford’s Income Focus fund: redemptions still in full flow.....surely this can’t go on much longer
Mortgage Advice Bureau (MAB1) has updated including “adviser numbers have continued to grow… the majority of our Appointed Representatives continue to hold strong growth plans for 2019 and 2020… we believe MAB is ideally positioned to continue increasing its market share, and to focus on wider group success and profitability through new opportunities and broadening our addressable market”. The shares have currently responded, er, towards 580p – more than 5% lower…
On the face of it in a near zero interest rates environment one might have thought that there may not be too much demand for mortgage advice. With a name like Mortgage Advice Bureau (MAB1) you'd be surprised if there was much interest for the company's shares, but as I show below there are some interesting share price targets.
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