WLD 5.00% 3.8¢ wellard limited

Brazil issue

  1. 430 Posts.
    It seems WLD got in trouble in sourcing or quarantine of cattle in Brazil, because Ocean Shearer has been waiting for collect cattle for 3 weeks. Ocean Swagman has been waiting for load cattle for 6 days.

    So, it is very likely Ocean Shearer has costs like labor,DA,fuel but cannot generate revenue. Therefore, it is not surprised that WLD will downgrade profit in next 2 weeks again. If 450,000 cattle is 23.5-30M profit then Ocean Shearer and Swagman can carrying up to 30000 cattle which is 6.7% of profit. Then profit will downgrade to 22M to 28M.
 
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