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London City Equities Limited (ASX:LCE)

ALERT: Price-sensitive ASX Announcement for LCE
Current share price for LCE : $0.850 0 (0%)+
Announcement
Release
14 Jan 2026 2:40PM
Price at Release
$0.850
Full Release
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Summary
London City Equities Limited (LCE) provided guidance for the six months ending 31 December 2025, noting an 18% increase in investment portfolio values, despite a rise in key trading bank securities. The company's net assets increased to $27,905,000 with a net gain during the half year of $4,039,000. A significant capital gain of $5.6 million was achieved from the sale of their remaining shareholding in Fiducian Group. LCE's legal action against Excelsior Capital took a positive turn with a proposal for internal liquidation, leading to a 30% share rise in Excelsior. This settlement is expected to yield substantial liquid funds for LCE, which will continue its investment research strategy.
Key Points
  • Net worth movement showed a gain in investment values and a comfortable operating profit.
  • Shareholders’ equity increased and net assets per share rose from 75 cents to 88 cents.
  • Investment portfolio values increased by 18%, aided by a significant capital gain from Fiducian Group.
  • Legal settlement with Excelsior Capital will result in substantial liquid funds for future investments.
  • The company continues to seek long-term investments meeting strict criteria.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.