Top 5 performing Stocks in last week
ONDK LN Equity
NSM US Equity
NEWS US Equity
TUNG LN Equity
CACC LN Equity
Worst 5 performing Stocks in last week
TBDY SS Equity
XOOM US Equity
PFG AU Equity
MNY LN Equity
SUS US Equity
* Returns are calculated for the week to local market close on Thursday
OnDeck Capital managed to completely reverse the weakness it suffered last week. It remains the case, just as last week, that there has been little concrete news flow behind to drive the share price. However investors are violently adjusting their expectations partly as the market wrestles to decide if the company should be valued like a tech company or a finance company. On top of that, given the new model of the company, the market is trying to discount a number of binary outcomes including how aggressively the shares will be regulated and how the model will react in a different interest rate environment. However, whilst still someway shy of the $28.98 that the shares reached immediately post-IPO, the stock does seem to have stabilized towards $20, after some of the recent bouts of weakness had taken it below $15.
Tungsten Corp. continued to build on the re-bound that started last week likely in response to continued reports of share purchases by Eddie Truell. Since February 27th the CEO has purchased shares on Tungsten on three occasions taking the total value of shares purchased to over £1.8m.
Carfinco Financial Group left the LAFDI this week after the aquistion of the company by Santander PLC which was announced late 2014 finally went through and the shares stopped trading. The aquisition of disruptors by more established financial services players is a key theme that is likely to drive valuations and we would expect to see more of this activity going forward.
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