Bodo - i have been watching this closely for the last week - lots of little games - i think by day traders squeeking a few cents here and there - I may be wrong - usually am! However it seems that there is support @ 39/40 level - minor volume though - so I dont know what happening. Lots of mopping up of shares in that 40cents range. I agree De Fazio's are not there to sit around. IMO there's activity happening - they know WYL very well and have to be very tempted to have a tilt. This company now has a mkt cap of $34m - if u r a believer in their brands, their retail network then they seem cheap cheap. Appears to be a cheap entry for such a player - but I admit most things look cheap. Remember in the good old days 2005 'Frank De Fazio, advised Allco Equity Partners on its failed $275 million, $3.25-a-share bid for Wattyl in 2005, which was later trumped by Barloworld, of South Africa.'
WYL Price at posting:
40.0¢ Sentiment: ST Buy Disclosure: Held
