News Articles for Wellard

A period of strong cattle prices has boosted Western Australia's largest pastoral companies, with the state's four biggest cattle-focused plays increasing revenue about 9 per cent to $1 billion in their most recent annual reports.

SPECIAL REPORT: Private sales during the past year have reduced the already small number of long-running family businesses in WA.

Shareholders in agribusiness Wellard have strongly rejected four resolutions at the company's annual meeting, though their anger over the company's poor performance was not enough for the nominee of a dissident shareholder to get elected to the board.

SPECIAL REPORT: The detailed reporting of remuneration by listed companies means it should be easy to determine the state's best-paid chief executive, but the reality is more complicated.

Wellad's third-largest shareholder says it plans to vote against the live cattle exporter's remuneration report and has asked shareholders to back the appointment of one of its representatives to the board.

Investment in South-East Asia's grain supply chain will be one way for Western Australian growers to avoid losing market share amid growing demand for wheat in the region, according to the head of

Wellard chief executive Mauro Balzarini has sold a big chunk of his stake in the local agribusiness to a Chinese firm and repaid the company $16.3 million through his private investment vehicle.

Local businesswoman Sharon Warburton has resigned from the board of live cattle exporter Wellard, which has missed its prospectus forecasts on revenue, profit and margins to book a $23.3 million net loss.

Perth-based agribusiness Wellard has warned the market of yet another profit downgrade, its third since February, with the Perth-based agribusiness now expecting a $15 million net profit at best.

Wellard shares were hammered for a second time in less than a week, with the company warning of yet another potential profit hit before the end of the financial year.

Investors have punished local agribusiness Wellard for announcing another downgrade to its profit outlook, which could be as little as half of its original estimate.

Perth company director Sharon Warburton has been named as the incoming chair of a soon-to-be-established federal government fund that will have $5 billion to spend on infrastructure in northern Australia.

Wellard has appointed Brendan Wade chief operating officer.Mr Wade left Landmark last year, after serving as its livestock manager in Queensland and northern New South Wales.

SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.

Shares in agribusiness Wellard have fallen 9.2 per cent as the company revealed its first financial result since listing in December last year, while also flagging a reduction in expected net profit.

Tony Chong has been appointed as non-executive chairman of TV2U Worldwide. Mr Chong is a corporate and tax lawyer and also serves as the lead partner of Lavan Legal's corporate services group.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.

Wellard chief executive Mauro Balzarini rung the bell at the ASX's Perth office this morning as the company's shares began trading for the first time.

Carbon Conscious plans to expand its business into the dairy sector, announcing plans to purchase a South West dairy property and link up with a Chinese trading group.

Live cattle exporter Wellard is set to list at $1.39 per share, launching a prospectus to raise close to $300 million to give the business a market capitalisation of almost $560 million.

Whether or not the Wellard IPO is successful, it demonstrates there is more to WA than just resources.

The upcoming float of livestock exporter Wellard is set to be the fifth biggest in Western Australia's history, and will also stretch the market lead of investment bank UBS, according to research by Business News.

Wellard managing director Mauro Balzarini is planning to sell a 60 per cent stake in the livestock export business through an initial public offering (IPO) that will be one of Western Australia's largest.

A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.

Style chairman Peter Hutchinson has boosted his fledgling seafood business with the recruitment of experienced agribusiness executive David Lock as managing director.

A listed company led by Forge Group founder Peter Hutchinson and former AFL footballer James Clement has announced its second acquisition this year, adding Craig Mostyn Group's food services division to an earlier seafood deal.

Australia's $1.2 billion live cattle trade has gone from gloom to boom this month but, while welcoming the news, major players in the sector are keeping their celebrations in check as they evaluate recent events.

Australia's largest live cattle exporter, Wellard Group, has welcomed a new deal that will open up the China market but has cautioned about the likely boost, especially for cattle producers in northern Australia.

BGC is still WA's largest private company, but Hancock Prospecting looms large.

WESTERN Australia's agricultural exporters look set for a flat year ahead as dry conditions reduce the state's forecast crop harvest for 2012-13, and livestock exporters suffer adverse trading cond

WESTERN Australia's leading private companies are under the spotlight now more than ever before.

FTI Consulting and Professional Public Relations are the top financial PR firms in Perth, WA Business News' annual corporate finance survey has found.

Softer conditions outside mining don't bother big private companies too much.

UK finance group Standard Chartered has bought into Perth-based livestock exporter Wellard Group for $83 million, in a move Wellard says will boost its growth ambitions throughout Asia.

WEAK prices and lower volumes have eroded the value of Western Australia's largest agricultural commodity, the wheat crop.

AUSTRALIA'S largest livestock exporter and ship owner launched the first of two $40 million vessels in Fremantle this week as the company prepares for an expected increase in cattle exports.