LAFDI market report - Friday 17th July

By Rupert Taylor on 17th July 2015

Whilst rallying strongly the Liberum AltFi Disruptors Index still could not keep pace with a buoyant global equity market..  

LAFDI market report - Friday 17th July

    

 

Weekly return

LAFDI

1.69%

MSCI World

3.76%

Top 5 performing Stocks in last week

1

BAS1V FH Equity

21.07%

2

TUNG LN Equity

12.41%

3

OPAY LN Equity

11.47%

4

ONDK US Equity

10.70%

5

NEWS US Equity

8.47%

Worst 5 performing Stocks in last week

1

IPF LN Equity

-14.46%

2

CACC LN Equity

-8.75%

3

MONI LN Equity

-4.52%

4

TBDY SS Equity

-4.26%

5

NSM US Equity

-3.72%

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

BasWare Oyj shares rallied strongly perhaps prompted by news released last Friday of a significant new business win.  The company has expanded its cooperation and signed a significant agreement with a major corporation in the health care industry in the US for the delivery of purchase-to-pay (P2P) and e-invoicing solutions. The customer will transition from its current Basware solutions to Alusta, Basware's unified cloud-based platform for purchase-to-pay.

The strength in invoice financing players also extended to Tungsten Corp PLC which seems to have found a level at around 60p after months of alarming falls.  With regard to Tungsten tumours now abound that the company may be taken private albeit these rumours are not knew – but may be proving persistent. 

It was interesting to see online payments company Optimal Payments Plc performing strongly against the back drop of the launch of Apple Pay in the US. 

The company has tried to capitalise on the success of Apple Pay by launching its own iOS software development kit for Apple's payment system. The software allows developers, merchants and partners to add Apple Pay In-App Purchase as an accepted payment option on Optimal's own payment system. As such, if everything goes to plan, Optimal's decision to incorporate Apple into its own network should turn Apple pay into an opportunity rather than a threat. 

Shares of International Personal Finance PLC suffered, falling a short 15%, as a result of a proposed change in the law in one of their major lending markets.  The lower house of the Polish Parliament voted in favour of “revisions to the draft law that would cap all non-interest costs, whether mandatory or not”.

At the recent meeting of the LAFDI Index Committee, it was decided that two new contituents should be added: Ranger Direct Lending (RDL LN), a recently floated closed end fund and Yodlee, a software company providing an account aggregation service so users can view bank, , investment and credit card accounts on one screen ultimately providing a personalised service.  Yodlee also enables finance providers to view a loan applicant's accounts. This is increasingly being used by Alternative Finance platforms to provide credit models with greater information.

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 Toronto Summit 2019

AltFi is coming back to Toronto following on from a highly successful event last year. We'll again be bringing a high profile international showcase of speakers from the leading fintech and alternative finance leaders.

11th December 2019


Companies in this Article:

Basware
Yodlee

People in this Article: