Radius – should you invest?

Radius – should you invest?
Brian Gaynor
Radius Residential Care listed on the sharemarket last week with a hiss and a roar. The company was a direct listing, rather than an IPO, with its share price surging 119 per cent, from 80 cents to $1.75, on Friday. The share price has eased back to $1.27 since then, but it is still well above its 80 cents a share theoretical listing price.Why has the stock been so volatile, and does it represent good value at current levels?HistoryRadius was established in 2003 by Aucklander Brian Cree and currently has 22 aged care facilities and two ret...

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