LAFDI market report - Friday 30th October

By Rupert Taylor on Friday 30 October 2015

Alternative Lending

The LAFDI managed to deliver some outperformance after a soft couple of weeks.      

Weekly return



MSCI World


Top 5 performing Stocks in last week


TREE US Equity



NEWS US Equity



ONDK US Equity



PFSI US Equity



CACC US Equity


Worst 5 performing Stocks in last week


TUNG LN Equity



WEX US Equity



IPF LN Equity



SUS LN Equity



MNY AU Equity



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

The index was lead by LendingTree Inc that delivered extremely strong earnings and a rise in profit guidance. 

For the three months that ended Sept. 30, LendingTree posted a profit of $6.09 million, or 49 cents a share, up from $381,000, or 3 cents a share in the same period in 2014. Quarterly revenue was $69.80 million, up 69 percent from $41.31 million in the third quarter last year.

The company raised its guidance for full-year adjusted EBITDA to $38.3 million to $38.8 million, up from a previous outlook of $35 million to $36 million. Revenue for the year is expected to range between $244 million and $247 million, up from its prior guidance of $225 million to $230 million.

The company which allows customers to access a huge range of credit offers just by filling in their details on LendingTree’s application continues to be something of an index darling as it heads back to its highs.  

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

LAFDITR GO for the Total Return Index

LAFDIPR GO for the Price Return Index

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