MVT outlasts Yellow Brick Road
Elton John ended up finding more gold than fellow travellers in the Mark Bouris Yellow Brick Road circus ever will.There's an interview room for YBR clients that we pass on our walk for coffee. It is sedate, to put it mildly.The animation at Yellow Brick Road surrounds defining terms for accepting or defying a bid from a Ron Brierley-chaired, ASX listed, active investment outfit for the company.Pitched at a discount - repeat, discount - to recent sales of YBR shares, shareholders can only sit up and take notice of whatever Brierley has in mind for a rev up of Yellow Brick Road.Mercantile OFM, a subsidiary of Mercantile Investment Company, is the Brierley vehicle. They may tick and flick, liquidate even. But any methodical bypassing of a defensive Mortgage Choice and a defiant AFG will position MVT toward the forefront of the mortgage supply chain in Australia. And be well paid for it.More AI and thoughtful stewardship of its promise will revitalise many businesses and compel others to fold. Are MVT buccaneers or fintech revolutionaries?Mark Bouris, survivor or retiree? Yellow Brick Road has to welcome MVT as a new owner.YBR could be staging an unlikely run for top billing in Australian finance - Ron Brierley again.