LAFDI market report - Friday 19th June

By Rupert Taylor on Friday 19 June 2015

Alternative Lending

The Liberum AltFi Financial Disruptors Index registered a small out-performance versus a subdued global equity market this week.  . 

    

 

Weekly return

LAFDI

0.16%

MSCI World

0.09%

Top 5 performing Stocks in last week

1

TREE US Equity

13.34%

2

SUS LN Equity

7.49%

3

QIWI US Equity

6.00%

4

XOOM US Equity

5.14%

5

CACC US Equity

4.41%

Worst 5 performing Stocks in last week

1

TUNG LN Equity

-16.66%

2

MONI LN Equity

-9.73%

3

ONDK US Equity

-9.08%

4

PFSI US Equity

-6.92%

5

NSM US Equity

-4.69%

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

After a reshuffle of its management team disruptive loan platform Lending Tree Inc  has been flying.  The company announced a series of senior appointments on the 10th of June as the company positions to rapidly scale and to leverage what it described as ‘new growth opportunities’.  The stock may have been further supported later in the week when the company reported that mortgage down payments were falling in a sign of improving affordability. 

International money transfer provider XOOM Corp enjoyed another strong week as the shares continued their recent resurgence.  News has been thin on the ground but analysts at The Street recently upgraded the shares from a ‘sell’ to a ‘hold’ recommendation and the shares are due to report quarterly earnings on the 28th July. 

On Deck Capital remains under significant pressure after the expiry of its post IPO lock up on Monday 15th June.

Even worse however was Tungsten Corporation PLC who held a general meeting on Monday to approve a £17.5m share placing announced last month to improve its cash position.  The company has had a torrid 12 months with its 1yr return standing at -81% currently.

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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