Since my last post I have had a good look for information about the scrutiny of the live cattle transport industry and cannot find any information other than some tweaking of regulations. Not sure where the media got their information from on that subject. Anyway nothing seems to be apparently negative IMO. Wellard have reduced borrowings substantially and appear to be operating OK but the current market trend has pushed them below SNC's last substantial purchase at 10c per share.
Ann: Shareholder update, page-3
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