LAFDI market report - Friday 10th July

By Rupert Taylor on Friday 10 July 2015

Alternative Lending

The Liberum AltFi Disruptors Index under performed a very weak global equity market last week.  



Weekly return



MSCI World


Top 5 performing Stocks in last week


TREE US Equity



ONDK US Equity



OPAY LN Equity



LC US Equity



SUS LN Equity


Worst 5 performing Stocks in last week


MONI LN Equity



TUNG LN Equity



PAG LN Equity



QIWI US Equity



MNY AU Equity


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

LendingTree Inc. topped the table in a week in which the shares were added to the S&P SmallCap 600 index after the close on Thursday 9th.  The company was first in line for promotion to the index after another constituent was removed after a take-over. 

On Deck Capital Inc. shares continued to stabilise close to their lows rallying 3.3% on the week.  Interestingly the share price shrugged off reports out this week that Shareholder Rights Law Firm Johnson & Weaver LLP was planning to investigate potential violations of the federal securities laws. 

The weak performance of Tungsten Corp. shares seems to have become so persistent as to no longer merit comment.  The shares were down a short 15%, reversing the gains of last week with seemingly little news behind the move and without even attracting comment. 

But the worst performer of all was Monitise PLC.  The shares endured something of a double whammy this week.  On Monday the company announced reduced revenue guidance taking the expected full year to June 30th number to £88-90m from £90-100m in March.  Then on Thursday its key partner VISA Europe announced its intention to sell down their stake in the company.  Visa Europe,  a shareholder in the Aim-listed UK technology business since October 2011, presently owns shares representing 5.3 per cent of the company.  On top of this over-hang the shares seem to be un-nerved by the desertion of a key partner at a time when the business is adapting its model.  Monitise however emphasised that “Both parties look forward to working together for the duration of this commercial agreement and will assess on an ongoing basis opportunities to work together in future.”

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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