LAFDI market report - Friday 2nd October

By Rupert Taylor on Friday 2 October 2015

Alternative Lending

  The LAFDI took a pounding this week in a relatively calm week for global equity markets.    

Weekly return

LAFDI

-3.07%

MSCI World

0.15%

Top 5 performing Stocks in last week

1

TUNG LN Equity

3.70%

2

QIWI US Equity

1.91%

3

PFG LN Equity

1.47%

4

MNY AU Equity

1.28%

5

RDL LN Equity

1.25%

Worst 5 performing Stocks in last week

1

TREE US Equity

-12.62%

2

TAXI US Equity

-9.25%

3

NEWS US Equity

-9.22%

4

BAS1V FH Equity

-8.85%

5

NSM US Equity

-8.66%

 

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

Sector darling Lending Tree suffered heavily on what appeared to be just a bout of profit taking after its recent run.  Aside from a relatively small insider sale on Aug 24, 2015 there was no obvious news on the stock.  However the shares are up still up well over 100% for the year.  Next quarter earnings are due to be released on 5th November. 

Medallion Financial Corp continue to head back towards previous lows.  Now trading at $6.40 the shares traded in the low $3’s back in 2002 but are also some way down on the heady levels of nearly $18 achieved in 2013 as Uber’s arrival to the taxi market is digested.  The company is diversifying into home improvement, recreational vehicles and boats to mitigate the risks.  However markets have begun to re-consider the expectations beating results that were reported back in August after analysts highlighted that the company recorded a $10.6 million gain by assigning a higher value to its banking subsidiary.

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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