VHL 7.69% 14.0¢ virax holdings limited

insto scores from late vhl share surge

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    The trade that today propelled VHL shares to a long time high of $0.017, took place after the close.

    Four transactions totalling 250,000 units including a crossed parcel of 100,000 shares built turnover to beyond 11m, the highest since February 7, when turnover totalled some 36m.

    Shares closed up 21.4pc, capitalizing the company at a still modest $9.4m.

    Chief beneficiary of today's rise is listed Westoz Investment Co (WIC).

    With a market cap of $163m, WIC invests mainly in low/medium caps eg Aurora Oil & Gas (AUT), Aquila Resources (AQA), Automotive Holdings (AHE), Finbar (FRI) and Cedar Woods (CWP).

    The LIC produced a return of 21.1pc (incl. dividends) in the six months to Dec 31.

    Westoz offshoot, Zero Nominees Pty Ltd, heads Virax's top 20 shareholder list with 33m units, or 6.01pc.

    Zero paid $0.005 each for the shares in November. Outlay totalled $165,000

    At today's close, WIC is showing a handsome paper profit of $396,000.

    And this may inflate within the next week as Virax releases an independent report on the value/potential of the company's lung cancer-related IP portfolio.
 
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