Shaw Stockbroking have a BUY on YBR.......
Yellow Brick Road Holdings Limited (ASX:YBR) - diversified wealth manager and mortgage broker entered a trading halt yesterday and tomorrow will look to announce its second of three acquisitions and a capital raising. In its most recent May half yearly result, Yellow Brick Road saw revenue from wealth management jump by 129% to 2.91 million, while income from lending was up 73% to 8.49 million. Yellow Brick Road, which has the backing of Macquarie Group, has been aggressively expanding its business and I believe the business is primed for significant growth in coming years
YBR Price at posting:
73.0¢ Sentiment: None Disclosure: Not Held
