The Motley Fool

The Wellard Ltd share price has fallen over 30% this week

Unfortunately for its shareholders, the Wellard Ltd (ASX: WLD) share price is on course to make it two days of heavy declines in a row.

In afternoon trade the cattle exporter’s shares are down 16% to 12.2 cents. This means its shares have lost over 30% of their value this week and 44% since the start of the year.

What happened?

Yesterday Wellard advised that it expects to post a full-year loss before tax of between $55 million and $65 million, excluding impairments on vessels.

This is largely the result of a reduction in demand from South East Asian markets due to sustained high cattle prices in Australia.

This loss is likely to have a very negative impact on its ongoing business, especially with the company being in breach of various banking facilities. Management is working with its banks on the provision of waivers.

NEW! Dividend expert names his top ASX income stock for 2017-18

You probably don’t know this market leader, but it’s making waves in Asia and already boasts a term-deposit-crushing dividend of almost 5%. A debt free balance sheet and dominant market position at home and abroad mean this company offers investors income and some real-deal growth potential.

Simply click here to discover the name, code and a full investment analysis in our brand-new FREE report, "The Motley Fool’s Top Dividend Stock for 2017-18."

Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!