Yellow brick road

[LukeLang]

Does anyone here (brokers?) have any insight into the asx listed company - yellow brick road (Ybr). They appear to have a bright future and be very rapidly growing. I was hoping for some insight from anyone with some experience with the company in any form. Thanks

 

[datto]

I wouldn't trust them.

 

[C-mac]

Hey Datto, could you elaborate? I don't have any interest to pursue them personally, but keen to hear about your experience with this company.

 

[Peter_Tersteeg]

It's not the company, it's their founder. Built up Wizard Finance to look like a valuable company, sold it for far more than it was worth, then it collapsed leaving thousands of borrowers in serious trouble.

 

[datto]

The only dealings I had with Wizard was about 10 years ago when I walked into their branch at Eastwood and had a loan approved. thankfully I didn't proceed. I don't like the idea of mortgage businesses being sold off. Can be bad news for the customers. Check the net for all the stories from *****ed off customers.

 

[Scott No Mates]

The only dealings I had with Wizard was about 10 years ago when I walked into their branch at Eastwood

How did they let you into Eastwood?

 

[datto]

I'm a friend of Clint. He OK'd it.

Hang on . It wasn'Eastwood. It was that suburb near Carlingford Rd. they got an RSL club that looks like an old majestic house.

 

[Scott No Mates]

I'm a friend of Clint. He OK'd it.

Hang on . It wasn'Eastwood. It was that suburb near Carlingford Rd. they got an RSL club that looks like an old majestic house.

Still starts with an E. Same demographic maybe a few more Chinese.

 

[datto]

Epping. Damn it. It was Epping! I remember now. I staggered out of the club. It was a sunny afternoon. Walked along the road next to the railway line and into the Wizard branch...."i wanna loan" spray out.

Talk about desperate, they gave me the nod lol.

 

[LukeLang]

I'm interested in the company shares, any insight into the company financial future etc would be great. Thx

 

[ChrisA1]

Like assessing all businesses, you need to assess the people and processes in the business. From the commentary above, it sounds like there may be a few questions around the business practices. It may be also worthwhile to see if you can investigate what the business owner's strategy is going forward. Do a internet search on the founder and their business approach. Shares are a complex beast.

 

[womble66]

I'm interested in the company shares, any insight into the company financial future etc would be great. Thx

All I know is YBR is part owned by Channel 9 as declared by Mark Bouris when he was doing a self promo on the NRL footy Show last week. (http://en.wikipedia.org/wiki/Nine_Entertainment_Co)

 

[LukeLang]

Does anyone have any thoughts on that these APRA changes might do for the non bank lenders such as yellow brick road? good or bad? thanks