Page 6 - Mark Bouris News Today

The major broking group is to delist from the ASX as it looks to grow value and reduce the administrative shackles of being a publicly listed company. Yellow Brick Road Holdings Limited - the mortgag

Yellow Brick Road Holdings (ASX:YBR) Ltd, the home loan company founded by Australian entrepreneur Mark Bouris, is preparing to delist from the ASX after...

Unloved companies are disappearing from the ASX through private equity buyouts, privatisations and voluntary delistings.

The mortgage-broking company has entered a trading halt and announced plans to delist from the exchange.

Mortgage company Yellow Brick Road went into a trading halt yesterday, flagging an announcement that it will apply to delist from the Australian Securities Exchange.

The portion of distressed listings has almost doubled in some heavily mortgaged areas, amid signs some households are starting to buckle under interest rate pressure.

Australia’s immigration targets should match the country’s ability to supply housing, which would “mean a cut”, the AMP chief economist says.

The government wants to encourage more institutional investment in housing to increase supply and reduce pricing pressures.

The well-known Aussie businessman tips house prices to fall as more people lose their jobs with the unemployment rate predicted to hit 4.5 per cent next year.

Australian shares are set to open lower, tracking broad losses on Wall Street. Apple hit by report of China government ban. Lowe speech this afternoon.