Mortgage Choice

Mortgage Choice (MOC)

Stock Code

MOC

Stock Exchange

ax

Mortgage Choice (MOC) is a leading mortgage broker and provider of associated financial services. Its core business activity is the provision of specialist home loan advice to customers about a range of home loan products from banks or lenders on its panel. Mortgage Choice listed on the Australia Stock Exchange on 10 August, 2004.

Mortgage Choice Dividends

1 September, 2010 - 13:40

Study the dividend history for MORTGAGE CHOICE LIMITED. A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth. Companies are not required to pay dividends.

Mortgage Choice Healthy Half Yearly Profit


Mortgage Choice (MOC) has seen a healthy 22 percent increase of their half year net profit to $7.8 million. Mortgage Choice is an independently owned mortgage broker which offers home loan packages from 23 lenders. Operating revenue fell as trailing commissions from the existing loan book fell. However, the company’s income was buoyed by $28 million worth of new lending as well as a 23 percent increase over the previous 12 months of additional housing finance commitments.

Mortgage Choice (MOC) Shares Recommendation


Credit Suisse has rated the Mortgage Choice (MOC) stock as Underperform with a share price target of $2.60. Meanwhile, Deutsche Bank has given the stock a Buy recommendation with a share price target of $2.95, rising from $2.50. Merrill Lynch has rated MOC as Neutral, High Risk, in their view, the result was disappointing and below forecast due to tough times and competition. They have a valuation of $2.30.

Mortgage Choice (MOC) Share Recommendation


Credit Suisse has rated the Mortgage Choice (MOC) stock as Downgrade to Underperform from Neutral. Mortgage Choice continues to defy the greater market, rising 9% against weakness in the ASX200. Mortgage Choice Limited is listed on the Australian Stock Exchange (ASX) under stock code MOC. Check your charts!

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