WLD has transformed into a charter company, which highlights the quality of WLD's fleet and a valuable pivot for any future market downtowns.
Beaufort River Meats had another shocker (disappointing margins and net loss), but they could be in for a decent year with the collapse of the WA live sheep trade ~ where else can the sheep go? It contributes a fair chunk to overall revenues so IF it can become profitable as I expect, this arm of the business could do some of the heavy lifting.
China, as @stevenlala pointed out, is awhile away until the 14 day cull rule is lengthened considerably, so that is not the fault of company. Things could turn quickly here, but it's better to get busy elsewhere until they do.
Still selling to preferred (and larger) Indonesian customers at a loss, with the strategy that when the time is right, the company will be rewarded.
These are a few things I could glean, but clearly WLD is still fighting to get out of survival gear.
All in all, a tough read.
Dyor & imho
WLD Price at posting:
10.5¢ Sentiment: None Disclosure: Held
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