LAFDI market report - Friday 24th April

By Rupert Taylor on Friday 24 April 2015

Alternative Lending

The Liberum AltFi Financial Disruptors Index gave back a fraction of last week's out-performance in a quiet week of trading for the index.  

 

Weekly return

LAFDI

-0.17%

MSCI World

0.39%

Top 5 performing Stocks in last week

1

PFG LN Equity

4.07%

2

CACC US Equity

4.05%

3

IPF LN Equity

3.90%

4

TREE US Equity

2.93%

5

FLT US Equity

2.93%

Worst 5 performing Stocks in last week

1

OPAY LN Equity

-10.08%

2

QIWI US Equity

-5.70%

3

NEWS US Equity

-5.32%

4

LC US Equity

-3.49%

5

SGM US Equity

-2.68%

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

Provident Financial plc enjoyed a strong week in anticipation of results on that were released today.  The results were indeed well received but in anticipation the shares ran strongly helped in part by some positive broker commentary. 

Automobile finance company Credit Acceptance Corp hit a new 52 week high and closed the week up 4.05%.  At present the shares are defying the unusually cautious consensus ‘hold’ recommendation expressed by the seven Wall Street analysts that cover the stock. 

International Personal Finance Plc is another stock that the street sees as a hold. However in the past weeks it has enjoyed two upgrades to buy, first from Berenberg and this week from Numis.  This recent positive commentary might explain the strong week – up 3.9%. 

After strong full year results reported at the end of March and recent rights issue, Optimal Payments Plc has struggled to maintain recent gains and retreated over 10% last week.  Fellow Payments company QIWI Plc also struggled, falling 5.7% and joining OPAY at the bottom of the leaderboard for the week.  

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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