Ann: Wellard Update-WLD.AX, page-104

They have provided wildly inaccurate estimates in the prospectus and given the operational issues I'm not sure senior management are on top of the business. They have just moved to Singapore so this is the first sign they won't have their finger in the pulse per say. I'd say there are more issues with loading cattle in the current schedule for June so the FY16 figure is going to come in around 20m. Once this is adjusted for listing costs etc they will post a loss for the year. Thanks for screwing everyone Wellard and Morgans. You are really on a roll this year with AWD, MGC and WLD.