1041 [Dow Jones] Wattyl (WYL.AU) dives 25 cents to A$2.10, lowest level since late 2001 on FY guidance cut, resignation of MD Ian Jackson. Citing declining paint demand, tips FY net A$10 million-A$12 million vs 1H net A$8.4 million before one time items. Said in December that 2H should be flat with 1H. Outlook will test stamina of 425 Capital, which emerged on share register April 27 with 7.54% stake as other fund managers continue to bail out. (IGP)
WYL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held