ASX Announcement Wellard Ltd (Wellard) (ASX:WLD) has released its preliminary final report for the year ended 30 June 2016 (FY2016)(Appendix 4E), recording a pro forma* Net Profit After Tax (NPAT) of $14.8 million and Gross Profit of $88.9 million. Wellard is an agribusiness that connects primary producers of cattle, sheep and other livestock to customers globally through […]

ASX Announcement Wellard Ltd (ASX:WLD) (Wellard or the Company) advises that its Chief Financial Officer, Mr Greg Wheeler, will move from his role with Wellard to that of Chief Executive Officer with the Company’s former parent company and major shareholder WGH Holdings Pty Ltd (WGH), effective from 11 July 2016 and has become a Non-Executive Director of Wellard. […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) provides the following update on the Company’s IPO Share Sale Agreement separation settlement referred to in its announcement 10 June 2016. The adjustment amount, which WGH Holdings Pty Ltd (WGH) must pay Wellard to deliver the Wellard balance sheet in accordance with the IPO Prospectus, has been agreed at $15.8 […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) provides the following update on the Company’s operations and forecast profit. The Company now has six shipments scheduled to load and sail before 30 June 2016. With greater clarity around expected profitability of those shipments as they get closer to loading, combined with the persistence of the continued margin compression from record […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) provides the following update on the Company’s operations, forecast profit, outlook and finalisation of its IPO Share Sale Agreement separation settlement quantum and timing. Operations and forecast profit Wellard is on target to ship approximately 450,000 cattle in FY2016, a record for the Company. Despite this shipping record it has become […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) advises that it does not currently supply cattle to Japan, so the Company is unaffected by the Japanese suspension of live cattle imports from Australia. For further information: Investors Mauro Balzarini, Managing Director Greg Wheeler, Finance Director Phone: + 61 8 9432 2800 Media Cameron Morse, FTI Consulting […]

ASX Announcement As anticipated in its prospectus, Wellard Ltd (ASX: WLD) (Wellard or the Company) is pleased to advise that it has finalised a vessel finance agreement with Intesa Sanpaolo S.p.A., Hong Kong Branch, Italy’s largest bank by market capitalisation, for the financing of the recently delivered livestock carrier, the M/V Ocean Shearer. The 10-year loan in the […]

ASX Announcement Wellard Ltd (ASX:WLD) (Wellard or the Company) is pleased to announce it has signed an agreement with the Commonwealth Bank of Australia (CBA) to extend the maturity date of its existing $50 million facility with CBA from December 2016 to December 2017. The extended facility enables Wellard to maintain financial flexibility and capture opportunities when sourcing […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) is pleased to provide the following operations update on a number of its key business areas. The Indonesian Government has issued import permits for 250,000 cattle in the May-August trimester which is a positive development for Australian cattle producers and exporters. The timing of the quota release has complemented […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) has welcomed the purpose-designed and built M/V Ocean Shearer to its expanding fleet of livestock vessels, immediately increasing Wellard’s fleet carrying capacity by 50 per cent. The vessel was officially handed over to Wellard in Dalian, China, after it was completed and commissioned by the COSCO Ship Yard. The M/V Ocean Shearer […]

MEDIA RELEASE Wellard is pleased to announce that is has appointed Queensland livestock industry stalwart Brendan Wade as the Company’s Chief Operating Officer. Brendan’s appointment enables Wellard Executive Scot Braithwaite to direct his focus to the important area of business development. Brendan has more than 30 years in the cattle industry having successfully established and […]

ASX Announcement Wellard announces that its new vessel the M/V Ocean Shearer has concluded three days of sea trials. The trials were successful and the vessel performed to Wellard’s expectations. Successful sea trial completion paves the way for the vessel’s final commissioning, issuance of relevant certificates and to enter into service, which is expected to occur by […]

ASX Announcement Wellard’s vessel, the MV Ocean Outback, is returning to operations after completing repairs to a defective crankshaft in Singapore. The vessel is currently en-route to Townsville to load cattle for a client in Vietnam. “It is pleasing that the Company’s full fleet is back in operation as we enter a traditionally high period of high […]

MEDIA RELEASE Wellard is pleased to announce a sponsorship agreement with World Championship MotoGP rider Andrea Iannone for the 2016 season. “Motorsport is very popular in Australia especially amongst rural areas as every farmer has a motorbike and a daughter or son who rides on it,” said Wellard CEO Mauro Balzarini. “So as part of […]

ASX Announcement Wellard advises that it achieved a significant milestone important to the progress of its China cattle investment. As foreshadowed in Wellard’s prospectus, Wellard and WGH Holdings Pty Ltd have signed a Shareholders Agreement with Fulida Group Holdings Co. Ltd (Fulida) and Zhejiang Aurora Agriculture Co. Ltd.1 The Shareholders Agreement regulates the relationships between the parties and […]

MEDIA RELEASE Wellard Ltd (Wellard, ASX:WLD) is pleased to confirm that it has been promoted into the S&P/ASX 300 Index. The S&P/ASX 300 provides investors with broader exposure to the Australian equity market. The index is liquid, float-adjusted and includes up to 300 of Australia’s largest securities by float-adjusted market capitalisation. The index is designed […]

MEDIA RELEASE Wellard ’s Western Australian abattoir, Beaufort River Meats (BRM), will reduce its energy consumption by up to eight per cent per annum following installation of a Voltage Power Optimisation (VPO) system. Working with environmental sustainability specialists Enviro Forum, BRM is installing a VPO unit which enables the abattoir to operate at the same […]

ASX Announcement Wellard Ltd (ASX:WLD) advises that its vessel, the MV Ocean Swagman, has completed repairs and sea trials in Montevideo and has returned to normal operations. The vessel is expected to begin loading a consignment of cattle in the next few days. Wellard expects that on completion of the voyage the MV Ocean Swagman […]

ASX Announcement Key highlights Strategic initiatives being executed to drive growth: Construction of the MV Ocean Shearer nearing completion with commencement of operations expected by the end of April Strong progress on the Wellao JV in China – supply agreement signed and facility design completed MV Ocean Outback and Swagman expected to become fully operational […]

MEDIA RELEASE Wellard is pleased to report that the M/V Ocean Outback has successfully discharged 5,607 cattle which arrived in good health and were transported to ESCAS-accredited feedlots in Vietnam this weekend. The successful discharge of 5607 cattle represents a voyage success rate of 99.94%, which is well above the 99.0% minimum benchmark required by […]

MEDIA RELEASE Wellard Ltd has loaded one of the largest cattle shipments to be assembled in Fremantle in recent years. This weekend the company finished loading more than 17,500 cattle on the M/V Nada in Fremantle for export to Indonesia and Vietnam, aided by the recent decision by the Indonesian Government to issue its first […]

MEDIA RELEASE The livestock on-board Wellard’s vessel, the M/V Ocean Outback, remain in a very healthy condition with all livestock services – feed, water and ventilation – operating as normal. Wellard has been working with the owner of the sheep and cattle on board the vessel to use Wellard’s large international network to locate a […]

MEDIA RELEASE Wellard’s vessel the M/V Ocean Outback has a strong history of successful livestock voyages and passing scrutiny by maritime safety authorities. In the past 12 months the M/V Ocean Outback has completed 13 voyages, carrying more than 70,000 cattle to various destinations, with a success rate of 99.94%. The M/V Outback has undergone […]

ASX Announcement Wellard Ltd (ASX:WLD) provides the following update on the MV Ocean Swagman. In light of the current mechanical issue it has experienced with one of the two engines on the MV Ocean Outback, Wellard has taken the precautionary decision not to load the vessel’s sister ship, the MV Ocean Swagman, with cattle as planned in […]

ASX Announcement Wellard Ltd (ASX:WLD) provides the following update on the M/V Ocean Outback. Technicians working on one of the vessel’s engines near Perth late yesterday encountered previously undetectable issues which cannot be rectified using the mobile equipment Wellard had contracted to undertake the repairs to the affected engine. As the repairs will take longer than anticipated […]

ASX Announcement Wellard Ltd (ASX:WLD) update on M/V Ocean Outback. The vessel is expected to resume its voyage on either Thursday or Friday, after a cylinder malfunction in one engine is repaired over the coming days. Work is being overseen by the manufacturer of the engine. Additional fodder and chaff will be loaded while the engine is […]

ASX Announcement Wellard Ltd advises that one of the two engines on its vessel the MV Ocean Outback has experienced mechanical issues. As a precautionary measure Wellard delayed the vessel’s departure from Western Australia to assess the best forward options. Safety and animal welfare considerations will be at the forefront of any decisions made by Wellard and […]

MEDIA RELEASE Wellard has processed its one millionth head of livestock through its Kojonup abattoir, Beaufort River Meats (BRM). The company hit the million milestone yesterday, three years after purchasing the abattoir. Coincidentally, its vessel, the MV Ocean Drover, carried its one millionth head of cattle late last month. The majority of the animals processed […]

MEDIA RELEASE The Kelpie is coming. After more than eight months of design development, the keel has been laid for the MV Ocean Kelpie, Wellard’s newest vessel. To be built at the Uljanik shipyards in Croatia, which constructed Wellard’s flagship the MV Ocean Drover, the MV Ocean Kelpie will deliver additional, state of the art […]

MEDIA RELEASE Wellard Limited (Wellard) has today lodged with the Australian Securities and Investments Commission (ASIC) a prospectus in relation to an initial public offering (IPO or Offer), and listing on the Australian Securities Exchange (ASX). Retail and institutional investors have been offered 215 million Wellard shares, representing 54% of the company’s issued capital, and […]