London City Equities Ltd ( (AU:LCE) ) just unveiled an update.
London City Equities Ltd reported a significant increase in net assets and shareholder equity for the half year ending December 2024, driven by gains in their investment portfolio and strategic sales of Fiducian Group shares. Despite a strong performance in some areas, the company is dissatisfied with the performance of Excelsior Capital and is engaged in ongoing legal proceedings for liquidation and return of funds to shareholders, while maintaining a robust cash position that supports increased dividend payouts.
More about London City Equities Ltd
London City Equities Ltd operates in the investment sector, managing a portfolio of diverse assets and focusing on generating returns through strategic investments. The company is a significant shareholder in Fiducian Group and Excelsior Capital, although it is currently pursuing legal action regarding the latter.
YTD Price Performance: 4.82%
Average Trading Volume: 829
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$27.23M
For detailed information about LCE stock, go to TipRanks’ Stock Analysis page.