Shares in Yellow Brick Road Holdings Limited (ASX:YBR) rallied yesterday after affirming it is on track to deliver its first year of profit in the 2015 financial year.
The financial services firm says it is on the hunt for acquisitions and has flagged up to three potential deals to capitalise on vastly improved market conditions.
Executive Chairman Mark Bouris says Yellow Brick Road will partially restructure the business with a new non-bank holding company which will execute the acquisitions.
While there is no certainty the deals will be tied up the company has secured confidentiality and exclusivity agreements to progress the process.
Shares in Yellow Brick Road Holdings rallied 17.31 per cent yesterday to close at $0.61.
Yellow Brick Road reported a net loss of $3.6 million in the first half of the 2014 financial year.
