Ann: Wellard Update-WLD.AX, page-72

Nope I have been nibbling too

Watching a sp daily is not good for your health unless you are a trader.
Beef prices are up 20c/kg over the past week and Indonesian is facing a shortage.
They are making profits, they have a busy schedule and FY17 could be starting well with some of FY16 revenue (and possibly off a lower cost base).

The future pe and div yield at these prices will be about 9 and 5.5% respectively. As always there are risks but I have not seen their proven business model fall flat yet. I am not seeing a drain on cash. I am not seeing an urgent need for refinancing. Yes the sp can fall further given we are close to tax year end and I don't know where the bottom is but do know I'll continue to buy into the storm.

DYOR and see what pricing you come up with.