YBR 0.00% 8.9¢ yellow brick road holdings limited

buy - sell ratio, page-5

  1. 1,908 Posts.
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    Hi all. I think it's clear now that yesterday's volume was the result of insider trading ahead of today's announcement. There has been no other news recently and none of the older news gave any indication that this would be an important date. I have it on reasonably good authority that the matter has been raised with ASIC.

    On a (slightly) more positive line, the acquisition is an important one that YBR foreshadowed in their last periodic report. The other significant prophecy - that YBR will become cash flow positive in the coming financial year - is yet to be delivered. But Mark Bouris has an extremely impressive record for delivering on his intentions, and that previous record was established through a partnership with Macquarie.

    I bought on the news that Aussie had sold out 100% to a bank, at 48 cents, because YBR seemed to have the best potential to benefit from the new gap in the independent marketplace.

    I'm very upbeat about this stock. I expect to hold it until I have legs and lungs.
 
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