Are the insto's playing with this and pushing it down so a deal...

Are the insto's playing with this and pushing it down so a deal can be done at a lower price?
this from last month...

Bankers set to spruik Wellard

• THE AUSTRALIAN
• 12:00AM MAY 12, 2016

Gretchen Friemann


Bankers are believed to be embarking on moves to drum up buyer interest for Wellard after the livestock exporter has seen its value almost halve since its recent sharemarket listing.
The company announced a profit downgrade only weeks in from its float, and its market value, which was as high as $576 million, currently sits at $318m.
Wellard shares yesterday traded 1c lower at 79.5c. The group floated at $1.44 a share in December.
Private equity groups are being approached in the hope they could be eager to pick up the West Australian-based livestock shipping business.
Investment banks UBS and Deutsche were involved in the initial public offering last year and may be well placed to find a buyer.
It’s not the first time attempts have been made to sell the business. Standard Chartered is understood to have bankrolled the company as it fought for survival a couple of years ago.
At the time, there were attempts to find a buyer but they were said to be unsuccessful.
Because Wellard priced at the bottom of its range last year, the bank had to retain its interest, which sits at 6.25 per cent.
Since then, Standard Chartered’s stake is said to have been shopped around for sale.
Wellard is Australia’s largest livestock exporter and ship owner. It also produces and distributes livestock and grain.
When it was floated late last year, its owners, the Balzarini family, retained a stake of about 36.5 per cent.
Meanwhile, there is speculation that CHAMP’s bid in March to recapitalise Bradken may have sparked fresh interest in the business.
The mining services provider has for some time been a target of private equity suitors. However, the company and its advisers, Highbury Partnership, are believed not to have had any approaches from other parties.