LAFDI market report - Friday 14th August

By Rupert Taylor on 14th August 2015

There were some extremely strong moves amongst a number of Liberum AltFi Financial Disruptors Index constituents this week resulting in a solid out-performance of wider equity markets.  .

LAFDI market report - Friday 14th August

    

 

Weekly return

LAFDI

1.36%

MSCI World

-0.55%

Top 5 performing Stocks in last week

1

YDLE US Equity

33.39%

2

MONI LN Equity

31.80%

3

TREE US Equity

18.60%

4

TUNG LN Equity

15.76%

5

EPO LN Equity

6.68%

Worst 5 performing Stocks in last week

1

SGM US Equity

-18.08%

2

CACC US Equity

--10.25%

3

RM US Equity

-8.79%

4

QIWI US Equity

-5.55%

5

MNY AU Equity

-4.56%

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

Yodlee Inc, the US based account data aggregation service, led the leaderboard on news of an agreed take over by Envestnet.  The company has sold out for a deal worth approximately $590 million, at a price representing a healthy premium over recent trading – not bad for a company that has yet to turn a profit. 

Loan broker LendingTree Inc continues to deliver stratospheric performance.  The shares are now trading at over $130 having been valued at less than $30 12 months ago.  The week past without any notable news but the shares continue to deliver nonetheless.  Interestingly the mean price target based on Wall Street consensus is just $118 – it seems that analysts have yet to figure out what is driving the valuation of this company. 

Stonegate Mortgage Corporation shares continued to slide with the deeply entrenched negative momentum being exacerbated this week as two high profile brokers threw in the towel.  Both B of A ML and Barclays published downgrades.   

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