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

Reuters

2024/12/19

** 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;))

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