LAFDI market report - Friday 17th July

By Rupert Taylor on Friday 17 July 2015

Alternative Lending

Whilst rallying strongly the Liberum AltFi Disruptors Index still could not keep pace with a buoyant global equity market..  



Weekly return



MSCI World


Top 5 performing Stocks in last week


BAS1V FH Equity



TUNG LN Equity



OPAY LN Equity



ONDK US Equity



NEWS US Equity


Worst 5 performing Stocks in last week


IPF LN Equity



CACC LN Equity



MONI LN Equity



TBDY SS Equity



NSM US Equity


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

BasWare Oyj shares rallied strongly perhaps prompted by news released last Friday of a significant new business win.  The company has expanded its cooperation and signed a significant agreement with a major corporation in the health care industry in the US for the delivery of purchase-to-pay (P2P) and e-invoicing solutions. The customer will transition from its current Basware solutions to Alusta, Basware's unified cloud-based platform for purchase-to-pay.

The strength in invoice financing players also extended to Tungsten Corp PLC which seems to have found a level at around 60p after months of alarming falls.  With regard to Tungsten tumours now abound that the company may be taken private albeit these rumours are not knew – but may be proving persistent. 

It was interesting to see online payments company Optimal Payments Plc performing strongly against the back drop of the launch of Apple Pay in the US. 

The company has tried to capitalise on the success of Apple Pay by launching its own iOS software development kit for Apple's payment system. The software allows developers, merchants and partners to add Apple Pay In-App Purchase as an accepted payment option on Optimal's own payment system. As such, if everything goes to plan, Optimal's decision to incorporate Apple into its own network should turn Apple pay into an opportunity rather than a threat. 

Shares of International Personal Finance PLC suffered, falling a short 15%, as a result of a proposed change in the law in one of their major lending markets.  The lower house of the Polish Parliament voted in favour of “revisions to the draft law that would cap all non-interest costs, whether mandatory or not”.

At the recent meeting of the LAFDI Index Committee, it was decided that two new contituents should be added: Ranger Direct Lending (RDL LN), a recently floated closed end fund and Yodlee, a software company providing an account aggregation service so users can view bank, , investment and credit card accounts on one screen ultimately providing a personalised service.  Yodlee also enables finance providers to view a loan applicant's accounts. This is increasingly being used by Alternative Finance platforms to provide credit models with greater information.

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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