LAFDI market report - Friday 14th August

By Rupert Taylor on Friday 14 August 2015

Alternative Lending

There were some extremely strong moves amongst a number of Liberum AltFi Financial Disruptors Index constituents this week resulting in a solid out-performance of wider equity markets.  .



Weekly return



MSCI World


Top 5 performing Stocks in last week


YDLE US Equity



MONI LN Equity



TREE US Equity



TUNG LN Equity



EPO LN Equity


Worst 5 performing Stocks in last week


SGM US Equity



CACC US Equity



RM US Equity



QIWI US Equity



MNY AU Equity


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

Yodlee Inc, the US based account data aggregation service, led the leaderboard on news of an agreed take over by Envestnet.  The company has sold out for a deal worth approximately $590 million, at a price representing a healthy premium over recent trading – not bad for a company that has yet to turn a profit. 

Loan broker LendingTree Inc continues to deliver stratospheric performance.  The shares are now trading at over $130 having been valued at less than $30 12 months ago.  The week past without any notable news but the shares continue to deliver nonetheless.  Interestingly the mean price target based on Wall Street consensus is just $118 – it seems that analysts have yet to figure out what is driving the valuation of this company. 

Stonegate Mortgage Corporation shares continued to slide with the deeply entrenched negative momentum being exacerbated this week as two high profile brokers threw in the towel.  Both B of A ML and Barclays published downgrades.   

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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