Company Interview / The small cap forecasting clear sailing ahead

John Klepec from Wellard Ltd (ASX: WLD) discusses the sale of the Ocean Drover livestock vessel for over $80 million, a move he states brings excellent returns to shareholders. John highlights the challenges faced by the company, but notes the sale results in a significant improvement from their previously low share price.

The completion of this transaction, along with previous sales, generates over $0.17 per share for investors. Also, John mentions an ongoing class action which may bring further returns, although the company has no current income-generating assets. A potential delisting or restructuring is considered due to these circumstances.

Reflecting on Wellard's 40-year history, John shares mixed emotions, noting the political impacts on live exports and future industry uncertainty. Despite ups and downs, John expresses pride in Wellard's contributions to Australia's livestock sector.