LAFDI market report - Friday 5th June

By Rupert Taylor on 5th June 2015

The Liberum AltFi Financial Disruptors Index notched up another week of small relative out-performance, with returns just staying in positive territory.      

LAFDI market report - Friday 5th June

 

Weekly return

LAFDI

0.11%

MSCI World

-0.85%

Top 5 performing Stocks in last week

1

PAY LN Equity

13.22%

2

BAS1V FH Equity

12.26%

3

SUS LN Equity

7.78%

4

TREE US Equity

7.52%

5

XOOM US Equity

6.49%

Worst 5 performing Stocks in last week

1

TUNG LN Equity

-9.26%

2

CACC US Equity

-6.95%

3

ONDK US Equity

-4.06%

4

QIWI US Equity

-4.01%

5

LC US Equity

-3.58%

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

After a quiet last 12 months PayPoint PLC returned to the kind of form that investors had previously grown used to with a sharp move higher on the week.  The market was pleasantly surprised when the company announced that alongside in line Full Year results that they were planning to divest their loss making parking and online payments businesses.  This will allow the company to focus on their retail proposition which is highly cash generative and exhibiting solid growth.  On top of that a number of analysts have the shares on a ‘hold’ recommendation and have found themselves chasing the shares higher with increased price targets.  Once the losses of the disposed businesses are removed from analyst forecasts, and once visibility over the sale proceeds improves, recommendation upgrades would seem likely. 

Recent LAFDI new entrant Basware Corporation continues its strong up-trend in contrast to its rival Tungsten.  The company recently articulated the opportunity for governments to adopt paperless invoicing and the compelling logic and market opportunity seemed to be well received by investors.  http://www.basware.com/knowledge-center/public-sector-e-invoicing-paperless-billing.

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

AltFi Berlin Summit 2019

AltFi is coming to Berlin this Winter for our first annual Summit in the City.

18th November 2019


Companies in this Article:

Basware

People in this Article: