LAFDI market report - Friday 31st July

By Sam Griffiths on Friday 31 July 2015

Alternative Lending

The Liberum AltFi Disruptors Index registered a slight underperformance against the wider market. However, this was largely due to the performance of just one constituent, Monetise PLC, the embattled payments systems provider.

    

 

Weekly return

LAFDI

-0.50%

MSCI World

-0.15%

Top 5 performing Stocks in last week

1

RM US Equity

10.55%

2

QIWI US Equity

9.09%

3

CACC US Equity

8.48%

4

EPO LN Equity

8.00%

5

IPF LN Equity

3.70%

Worst 5 performing Stocks in last week

1

MONI LN Equity

-25.41%

2

MNY AUEquity

-12.54%

3

TUNG LN Equity

-9.38%

4

TAXI LN Equity

-8.04%

5

YDLE US Equity

-7.34%

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

Monetise PLC lost over a quarter of its value over the week. The stock is now down 88.88% over the past year with a current market cap of £108m. This really has been a rough ride for shareholders and management alike with poor trading results announced earlier in the month closely followed by news that Visa were planning to reduce their minority stake in the company. The stock’s latest leg down doesn’t appear to have been caused by any new news, perhaps it is just as a result of light summer volumes and a market that is reassessing Monetise’s business model?

Regional Management Corp, the specialty consumer finance provider, posted its second quarter trading statement with net income up 22.5% on the same period last year, and large loan finance receivable growth of 117%. The market reacted positively to these numbers with the stock hitting 12 month highs.

QIWI PLC, the payment service provider that operates predominantly in Russia saw its shares rally over 9% on the week on the back of an upgrade to “strong buy” by the broker Zachs. This comes after Goldman Sachs also raised its price target recently.

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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