LAFDI market report - Friday 5th June

By Rupert Taylor on Friday 5 June 2015


The Liberum AltFi Financial Disruptors Index notched up another week of small relative out-performance, with returns just staying in positive territory.      


Weekly return



MSCI World


Top 5 performing Stocks in last week


PAY LN Equity



BAS1V FH Equity



SUS LN Equity



TREE US Equity



XOOM US Equity


Worst 5 performing Stocks in last week


TUNG LN Equity



CACC US Equity



ONDK US Equity



QIWI US Equity



LC US Equity


* Returns are calculated for the week to local market close on Thursday

After a quiet last 12 months PayPoint PLC returned to the kind of form that investors had previously grown used to with a sharp move higher on the week.  The market was pleasantly surprised when the company announced that alongside in line Full Year results that they were planning to divest their loss making parking and online payments businesses.  This will allow the company to focus on their retail proposition which is highly cash generative and exhibiting solid growth.  On top of that a number of analysts have the shares on a ‘hold’ recommendation and have found themselves chasing the shares higher with increased price targets.  Once the losses of the disposed businesses are removed from analyst forecasts, and once visibility over the sale proceeds improves, recommendation upgrades would seem likely. 

Recent LAFDI new entrant Basware Corporation continues its strong up-trend in contrast to its rival Tungsten.  The company recently articulated the opportunity for governments to adopt paperless invoicing and the compelling logic and market opportunity seemed to be well received by investors.

Please note : The LAFDI is now available on Bloomberg.  Tickers:

LAFDITR Index <GO> for the Total Return Index

LAFDIPR Index <GO> for the Price Return Index

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