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1.IPO results, 1.Market Observations, 8.Was Sticky

7 Sept 2016 (AFR) – Wellard gets support from Pakistan’s biggest meat exporter PK Meat and Livestock

(7 September 2016, AFR, p27, by Julie-anne Sprague)

‘Is the nation’s biggest live cattle exporter, Wellard, throwing off the whiff of a bargain or the stench of a collapse? It appears the man behind Pakistan’s largest meat exporter, Tariq Mahmood Butt, sees the glass half full. As Wellard’s shares sank to a record low 22¢ on August 31, when it warned it was seeking waivers from its financiers to continue as a going concern, Mr Butt doubled down on a holding he began building from as early as July.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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