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Wellard is the nation's largest live export business.

Wellard taps investors for $52 million

Loss-making livestock exporter Wellard is undertaking a share placement and entitlement offer as part of a $52 million capital raising it hopes will allow it to exploit a predicted improvement in trading conditions.

The firm, which in March cut its first-half loss by 25 per cent but was still $18 million in the red, on Monday said the $6 million placement, $19.7 million entitlement offer and $26 million capital notes issue were necessary following an extended period of reduced margins and cash flow.

"As we expect an improvement in cattle supply over time, we need to be ready to capitalise on our competitive advantages in the marketplace if and when this eventuates." chief executive Mauro Balzarini said in a statement.

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Wellard (WLD)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
719thWellard-57%0%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

22/09/16
$0 Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Wellard$497.9m
230 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Wellard

6thScot Braithwaite$4.158m
84thMauro Balzarini$906k
Ranked by total remuneration from all listed WA companies

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