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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
20 Feb 2026 12:02PM
Price at Release
$0.850
Full Release
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Summary
The half-yearly report for London City Equities Limited for the period ending 31 December 2025 highlights strategic shifts in investment holdings, with a notable increase in liquidity through the reduction of equity levels and a focus on bank term deposits and hybrids. The company realized a capital gain of $5.6 million from selling its remaining stake in Fiducian Group. Despite a decrease in dividend income due to reduced equity holdings, interest income rose significantly. The report details litigation outcomes with Excelsior Capital, resulting in a decision to liquidate its assets following settlement with London City. Consequently, this led to a total equity increase to $27.9 million. The directors emphasize a cautious approach to future investments, maintaining a preference for ventures with substantial market shares and strong management. The report includes a statement of changes in equity, cash flow information, and confirms no interim dividends since the Excelsior matter remains pending.
Key Points
  • Strategic investment shift towards liquidity and bank deposits.
  • Realized $5.6 million capital gain from Fiducian Group sale.
  • Increased interest income from higher bank deposits.
  • Litigation with Excelsior Capital led to asset liquidation.
  • Total equity increased to $27.9 million.
  • Focus on future investments with significant market shares.
  • No interim dividends declared; Excelsior outcome pending.
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.