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clock Created with Sketch. 30/03/15
23:17
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Originally posted by TerribleTadpole
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Amused, I tend to agree that caution is required for this one. I've held this one for about 2 years now after buying in at 48 cents. It's brilliantly placed in terms of market positioning. All the well-known brokers are each 100% owned by a single bank (RAMS, Aussie) so they're not independent anymore, regardless of what their advertisements say. So YBR's stated goal of becoming the largest independent financial advisor and broker is achievable (possibly already has been).
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Mark Bouris managed Wizard Home Loans back in the 90's, it was very successful and he sold it to one of the major banks for a motza. To me he is very smart businessman who would not just start up a company to make a living off the shareholders. There is an end game here and it will result in takeover.
