Bouris's Yellow Brick Road to suspend shares on late accounts

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Mark Bouris-chaired Yellow Brick Road expects to have its shares suspended from trading due to the royal commission and weak market conditions | clancyyeates

expects to have its shares suspended from trading because the royal commission and weak market conditions have triggered hefty write-downs for the group.

It said trading in its shares - which last changed hands at 5.4¢ - would be suspended until it filed the accounts, which it expected to do within the next two weeks. It said the write-down would be against its goodwill and intangible assets, and would have "no impact" on the underlying operations of the business.

 

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clancyyeates Here is a man that gives advice to many how to run a company and yet cannot direct his group to profit. Nice guy needs to move on.

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