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Yellow Brick Road posts $6.6 million loss

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Australian Broker | 30 Aug 2013, 08:00 AM Agree 0
Yellow Brick Road has reported a $6.6 million loss in its annual report, but directors remain positive
  • Todd | 30 Aug 2013, 09:11 AM Agree 0
    The Yellow Brick Road isn't looking so bright now...
  • Southern Broker | 30 Aug 2013, 09:21 AM Agree 0
    Mr Bouris, your fired!!
  • Andrew | 30 Aug 2013, 09:23 AM Agree 0
    You're Fired!
  • Keith of the West | 30 Aug 2013, 09:56 AM Agree 0
    Elton John said it in the 70's. "Goodbye Yellow Brick Road"

    Mr Bouris & co increasing management fees that no doubt fill his pockets ~ I feel sorry for the franchaise owners Mr Bouris is no "Wizard"
  • Rastafarian | 30 Aug 2013, 10:04 AM Agree 0
    After his cut and run act with Wizard no one really expects him to be really doing anything more than setting up a business to sell on the same way he did before. he walked away from Wizard with millions, when many of his franchisees even after the buy out still went broke, I expect the same will be the case with YBR. cant wait for his next venture, Tin man finance? Dorothy Home loans? OZ even?
  • Country Broker | 30 Aug 2013, 10:14 AM Agree 0
    HMMM !! How much were the "commissions" and Consultancy fees" paid to Mr Bouris's personal companies ?? No way of telling , the shareholders must be keen for answers !
  • John Broker | 30 Aug 2013, 10:25 AM Agree 0
    While not an encouraging result, YBR shouldn't be condemned on for one poor result in a building stage in a tough market.
    They have an attractive business model, good management, a good service offering, and a core group of successful franchisees. Give them time and they will turn that result around.
    At least that's what I think as an outsider looking in.
  • Darren | 30 Aug 2013, 10:30 AM Agree 0
    Easy to criticise guys, but he's a proven performer having another crack when, let's face it, he can afford not to.
  • Broker | 30 Aug 2013, 10:35 AM Agree 0
    Bouris, Macquarie & management fees. All the ingredients for a loss !!
  • Melo | 30 Aug 2013, 10:38 AM Agree 0
    HOW much of consultancy + commissions went into mr Bouris pocket?How are all their indvidual franchises and brokers traveling?
    How about forgeting TV crap , spin and put all cards on table mr bouris?
  • Brian Hastings | 30 Aug 2013, 12:22 PM Agree 0
    not a suprise he sold his last venture when it was making losses as well.
  • Calvin | 30 Aug 2013, 12:49 PM Agree 0
    Several years in and YBR are still losing millions on items such as this..
    How worried would you be if you were a franchisee who had invested time and money in a branch...?
  • Andrew Clouston | 30 Aug 2013, 02:17 PM Agree 0
    No surprises a business set up for the benfit of Mr Bouris not the franchisees - disgraceful
  • Old Joe | 31 Aug 2013, 05:48 PM Agree 0
    As long as there are guys who cant get a job or generate a loan off their own back there will be outfits that "sell them a job" and a backslap. I am wondering and still wondering if some of these guys at the shops really make more money out of farming out loans through the back door than the front and Mark loses out big time...nahhhhh cant be....
  • Steve McClure | 02 Sep 2013, 08:00 PM Agree 0
    Has Bouris underestimated the fantastic competition that existing brokers provide day in day out, and overestimated his own influence? He's now faced with having to recover those losses, interest on them, making a profit and providing a return to investors - on extremely tight margins undercutting banks on loans with no exit fees. His chances?
  • SteveL | 03 Sep 2013, 09:10 PM Agree 0
    He knows that he is doing....never doubt that.
  • Melo | 04 Sep 2013, 09:59 AM Agree 0
    Steve L and Darren yes 100% right he knows what his doing,lining own pockets first ,then his related companies and then selling off somehow, for huge figure .Hope Im wrong and working ,writing Broker and YBR franchise eventualy rewarded and share on income they 100% derive for YBR.
  • Anonymous | 04 May 2014, 04:33 PM Agree 0
    Wasn't the wizard of Oz's ending of the movie(so Mr Bouris) all smoke and mirrors, could be nervous for shareholders?
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