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1.IPO results, 1.Market Observations

19 Sept 2016 (AFR) – Taking stock in rough seas – Cattle IPO burned investors but made millions for CEO, UBS

(19 September 2016, AFR, p32, by Aaron Patrick)

‘Analyst Belinda Moore got the bad news after the sharemarket closed before the Queen’s Birthday long weekend. Wellard Ltd, Australia’s biggest cattle exporter, had cut its profit forecast a second time since it was floated on the share market six months earlier.’

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

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