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YBR on acquisition path with major expansion plans

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Australian Broker | 20 Mar 2014, 08:33 AM Agree 0
A non-bank lender has revealed its major expansion plans to shareholders, including exclusive discussions to take over three other companies
  • Ash | 20 Mar 2014, 09:40 AM Agree 0
    Typical Mr Bouris, build it up, then sell it to the highest bidder. Some of his old Wizard clients are just escaping their loans from his last sale!
  • Kym | 20 Mar 2014, 10:22 AM Agree 0
    Spot on Ash!!!
  • Broker | 20 Mar 2014, 11:42 AM Agree 0
    mmm , sounds like the exact size of the First Folio trail book..
  • broker wa | 20 Mar 2014, 12:02 PM Agree 0
    First Folio on life support .They should have accepted the life line from Resimac .
    CBA senior debt a major concern and the Westpac warehouse a concern.
  • Dave Robinson | 21 Mar 2014, 09:17 AM Agree 0
    Why would you buy FF now wait and pick it up off the receiver, it would be cheaper.
  • Melbourne Broker | 21 Mar 2014, 10:35 AM Agree 0
    Firstfolio's recent half yearly financial report was qualified by their auditors saying "should a capital raising or alternative transaction to recapitalise the consolidated entity not proceed, the consolidated entity will not comply with it's financial covenants and will be in default in the terms of its senior debt funding arrangements". The deadline for this to happen is 7th April. Watch this space!
  • A. Sick | 25 Mar 2014, 01:42 PM Agree 0
    It's amazing how people keep turning up for this dog and pony show. Smoke and mirrors people, nothing to see here.
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