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Yellow Brick Road In Talks With Vow Financial Holdings

Yellow Brick Road (ASX: YBR) has confirmed that it is in discussions with the board of mortgage aggregator Vow Financial Holdings Pty Limited.

It noted that no binding agreement have been entered into at this time other than both parties being in exclusive arrangements.

The company sought to address speculation about potential acquisitions that it is making of certain named companies.

YBR was running the ruler over three acquisitions and understood to be undertaking due diligence.

Talk around investor circles is that one could be a sizeable unlisted mortgage aggregator with a network of 500-700 finance brokers and loans under management of around $19 billion.

Finalisation of an acquisition of this type would be significantly value accretive to YBR from its current share price of $0.605.

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