LAFDI market report - Friday 18th September

By Sam Griffiths on Friday 18 September 2015

Alternative Lending

The Liberum AltFi Financial Disrupters Index posted a strong performance last week, closing up 2.73% and outperforming the broader market by just over 100bps.

Weekly return

LAFDI

2.71%

MSCI World

1.73%

Top 5 performing Stocks in last week

1

TREE US Equity

12.70%

2

LC US Equity

9.06%

3

OPAY LN Equity

8.16%

4

TBDY SS Equity

6.06%

5

ONDK US Equity

5.99%

Worst 5 performing Stocks in last week

1

TAXI US Equity

-8.36%

2

EPO LN Equity

-7.63%

3

NEWS US Equity

-6.36%

4

BAS1V FH Equity

-3.42%

5

SGM US Equity

-2.36%

 

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

Leading the march higher was Lending Tree, the online loan brokerage, which reported its Q2 preliminary results. Revenue for the quarter was up 30.83% year on year with earnings seeing a similar lift. EBITDA margins rose from 9.45% to a healthy 12.40% over the same period.

Lending Club enjoyed a strong week with shares closing up just over 9% on light newsflow.  At $13.6, the stock is now 16.6% off last month’s all time lows but still below last December’s $15 IPO price. Perhaps the negative sentiment is abating and the bears are returning to their caves?

Last week’s biggest loser in the LARI was Medallion Financial, the speciality lender that finances Yellow Taxi medallions. The stock hit its lowest level since February 2009 with continuing fears about the impact of Uber on the established Taxi industry.

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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