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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
17 Jul 2026 9:30AM
Price at Release
$0.850
Full Release
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Summary
London City Equities Limited (LCE) reported strong financial results for the year ending 30 June 2026, with both assets and profits achieving record levels. The company successfully liquidated its holdings in Fiducian Group, generating $21 million in proceeds, and resolved a Federal Court action against Excelsior Capital, resulting in a payout of over $8.0 million. These transactions contributed to a significant increase in net assets, which rose from $24.6 million in 2025 to $29.0 million in 2026. LCE's directors highlighted the company's robust investment strategy, with net assets per share increasing to 91.4 cents. The company now holds record levels of liquid funds, primarily in trading bank accounts. The directors expressed satisfaction with the fiscal year and confirmed ongoing positive investment strategies.
Key Points
  • LCE's net assets increased to $29.0 million as of June 2026.
  • The liquidation of Fiducian Group yielded $21 million in proceeds.
  • Excelsior Capital payout resulted in over $8.0 million received.
  • Net assets per share rose to 91.4 cents.
  • Liquid funds reached record levels.
  • Investment strategy confirmed as robust by directors.
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.