NZ's Radius Residential set for best day in nearly 6 months on share buyback plan

Radius Residential Care

19/12/2024 02:59

** Shares of Radius Residential Care  RAD.NZ  rise 14.4% to
NZ$0.215
    ** Stock set for best day since June 24, if the current
trend holds
    ** Stock hits its highest level since Nov. 26
    ** Elderly care service provider launches a buyback program,
leading to the purchase of up to 0.7% of its ordinary shares
    ** Says that the program demonstrates the Auckland-based
firm's long-term growth potential adding that is it currently
undervalued
    ** Stock up 51.4% YTD

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))