LAFDI
5.37%
MSCI World
2.03%
Top 5 performing Stocks in last week
1
MONI LN Equity
41.62%
2
CACC US Equity
19.68%
3
OPAY US Equity
9.91%
4
NNI US Equity
9.43%
5
ONDK US Equity
6.51%
Worst 5 performing Stocks in last week
1
TUNG LN Equity
-7.94%
2
SGM US Equity
-4.95%
3
PFSI US Equity
-3.36%
4
PFG LN Equity
-0.53%
5
EPO LN Equity
-0.10%
* Returns are calculated for the week to local market close on Thursday
It doesn’t take much to move Monitise after its recent struggles but it is nonetheless good to see the market now attempting to assign a strategic value to the business. After its recent revenue warning the market had initially seemed to attach limited value to the prospects of a bid emerging but that view reversed this week with the help of some speculation from online commentators enabling the shares to add a more healthy 41.62%.
Elsewhere in the world of payments processing Optimal Payments Plc rose 9.91% on a wave of positive broker commentary and price targets. Leading these was a BUY rating from Numis Securities with a £7 price target.
After some solid consensus beating numbers last week Credit Acceptance Corp added a short 20%. The numbers assuaged some credit quality fears that had been circulating in January and with the help of some supportive broker reaction the shares responded well and have resumed their impressive upward trend.
Tungsten Corp struggled with the shares falling 7.94% notwithstanding supportive broker note from Cannacord Genuity who reiterated their buy rating with a 369p price target.
