LAFDI market report - Friday 20th March

By Rupert Taylor on Friday 20 March 2015

Features

Whilst stronger in absolute terms the LAFDI could not keep pace with the wider market this week.   

 

Weekly return

LAFDI

0.88%

MSCI World

1.34%

Top 5 performing Stocks in last week

1

ONDK US Equity

12.53%

2

OPAY LN Equity

7.55%

3

CACC US Equity

5.75%

4

PFG LN Equity

5.65%

5

NEWS US Equity

3.45%

Worst 5 performing Stocks in last week

1

TBDY SS Equity

-24.82%

2

TAXI US Equity

-7.61%

3

QIWI US Equity

-7.07%

4

MONI LN Equity

-4.70%

5

MNY AU Equity

-3.28%

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

OnDeck Capital continued to build on last week’s strength, adding another 12.53% over the week.  Wednesday punctuated the week with a raft of broker commentary the highest profile perhaps being Deutsche bank’s reiteration of its buy rating on the shares and $28 price target.   

Optimal Payments added 7.55% over the week with the most notable news being that the firm has appointed Shane Hibbeler, a seasoned merchant services and financial services industry sales executive and manager, as vice president of sales. Mr. Hibbeler will lead Optimal Payments' independent contractor and direct sales channels for NETBANX®, the company's Straight Through Processing division.

The stand out underperformer, however, was TrustBuddy, the Swedish based short term and peer to peer lender. The company saw almost a quarter of its value wiped off its shares on heavier than normal volume. It's been a poor 2015 thus far for TrustBuddy's shareholders with the share price now almost half what is was at the start of the year. There was talk of a couple of big sellers in the market with the FY14 results released last month being OK but not indicative of growth potential.

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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