Forsyth Barr values Radius Care 86% above trading price

Investment analysts from Forsyth Barr initiated coverage of aged care provider Radius Residential Care on Thursday. In Forsyth Barr’s first report on the company, analysts James Lindsay, Will Twiss and Kylie Mills gave Radius shares a blended spot valuation of $0.26 – 86% above the $0.14 trading price when the report was released.Since the release, Radius’s shares have risen 7% on light volumes to $0.15.Unlike other New Zealand Exchange-listed (NZX) retirement companies, such as Ryman and Arvida, which generate...