Mark Bouris says Yellow Brick Road ‘misunderstood’ as it plans delisting

Lucy DeanWealth reporter

Updated Sep 18, 2023 – 6.52pm, first published at 3.16pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Yellow Brick Road chairman Mark Bouris says the “misunderstood nature” of the mortgage broking business is to blame for investors steering clear of his company, and going private is the only way to fix the problem.

Mr Bouris, best known for his work on reality business show Celebrity Apprentice Australia, also defended his remuneration – more than $1 million per year, despite Yellow Brick Road’s market capitalisation of just $19 million – saying he could earn “twice that amount of money” elsewhere.

clarification —

This article was updated to reflect that Yellow Brick Road went public in 2011. An earlier version said it floated in 2008 at $1 a share; this was its ASX predecessor.

Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom.