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Agribusiness sells livestock vessel and share price jumps 117pc

Brad Thompson
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The market value of agribusiness Wellard has more than doubled after the company moved to sell one of its two remaining livestock carriers.

Wellard stock closed at 3.7¢ on Monday, up more than 117 per cent, in a boost for long-suffering shareholders who include cattle baron and winemaker Paul Holmes à Court.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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    Original URL: https://www.afr.com/companies/agriculture/agribusiness-sells-livestock-vessel-and-share-price-jumps-117-per-cent-20240701-p5jqay