About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds
 
Support our sponsors:
sharemarket

Southern Cap's Surgical buyup

By Chris Hutching

Friday 27th October 2000

Text too small?
Southern Capital's stake in a new Howard Paterson-sponsored company, C G Surgical, has risen in value from $80,000 to $1.7 million in a couple of weeks.

C G Surgical's 10 million shares were issued at 8c recently and Southern Capital bought one million of them. A few early trades last week saw the shares change hands at 60c but this week a parcel of 5000 shares was traded at $1.70.

South Island businessman Mr Paterson, who is a founder shareholder and director of Southern Capital, identified the opportunity to invest in C G Surgical through his links with Otago University researchers.

Other recent fledgling bio-tech companies where Southern Capital has stakes include Blis, which owns patents over a cure for throat infections, and A2 Corporation, which claims patents over milk proteins that may have significance for some health conditions. After initial stagging on Blis and A2 shares issued at 10c, trades have settled to a narrower range around 80c and $2.30, still representing considerable paper profits for Southern Capital.

Managing director Graeme Wong said Southern Capital was retaining its stakes for now.

C G Surgical was developed by engineer Richard Cathro. It has patents over a titanium and teflon clip which prevents pressure on the spinal cord. Pressure can cause neurological-related complaints.



Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.
Bookmark and Share   Printable version
Related News

Heartland affirms FY guidance, sees consumer lending growth of up to 10%
Air NZ, PT Garuda Indonesia win Australian cartel case
Ebos 1Q trading up 10%, new CEO Davies says
Westland Milk Products proposes new investment share for its farmer shareholders
Ebos buys Australian BlackHawk pet food business for $57.8 mln
NZ building consents drop at fastest pace in more than 2 years in September
DNZ Property refinances $400 mln banking facility, extends maturity
ANZ New Zealand boosts FY profit 17% on home loan growth
OceanaGold Q3 profit falls on lower gold price; shares drop
Intueri charged over student death at NZ diving school

 
Previous News
Bond
News Alerts
Breaking News 
After the Bell (daily) 
Gold News 

Unsubscribe/Update »

RSS feeds »
Twitter »
Facebook »

Most Commented On
  forex centre
cfd centre
options centre
NZX 15 Index





© Copyright 2014 MoneyOnline Ltd & Investment Research Group Ltd. All Rights Reserved.