The Turnaround has Begun, page-34

Agree with people that turnaround may have commenced (at a ground swell). Momentum still slow.

Understandable though. The previous annual report indicated that December 2017 half year would likely be a loss and loan waivers would be required (and probably met) again.

Take the points about cattle prices adjusting and dry conditions bring forward the slaughter. Unfortunately, AUD is rising.

I'm still waiting for sufficient evidence to re-enter Wellard. That is, margins returning, greater ship capacity utilization, and China volume.