London City Equities Limited (LCE)

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General Information
Company Name: London City Equities Limited
Stock Code: LCE
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 4
Equiv. Shares (M): 22

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.200 $ 0.000 $ 0.000 $ 0.000 $ 0.200 0 0%

Company Overview

Business Description:
London City Equities Limited (LCE) is an investment company with a long term strategic holding in equities that have a significant market share and offer inherent growth.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 0.4 1.9 -13.6 10.8 1.0 4.8 100.0
2013  A 0.5 2.2 340.0 9.6 1.0 4.7 100.0
2012  A 0.1 0.5 -- 46.1 1.0 4.7 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Challenger (CGF) $4,507 M 0.0459 0.0020 0.0738 13.1826 13.1566 12.2527 3.25 3.76 4.17
IOOF (IFL) $2,869 M 0.1260 0.1081 0.0953 18.2582 16.4771 15.0433 4.97 5.39 5.90
London City Equities (LCE) $4 M -0.1261 -- -- 10.3093 -- -- 5.00 -- --
Macquarie Group (MQG) $18,723 M 0.5572 0.0969 0.0816 15.9384 14.5311 13.4343 6.44 5.04 5.51
Platinum Asset Mgmt (PTM) $3,459 M 0.4366 0.0684 0.1212 18.3724 17.1956 15.3371 5.70 5.55 5.96

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
LCE 0.71 10.31 0.87 --
Market 1.18 14.2 1.00 1.05
Sector 1.35 15.7 1.11 1.88

Name Position Start Date
Mr Peter Edward John Murray Executive Director,Chief Operating Officer 01 January 2002
Mr David Alexander Sutherland Non-Executive Director 31 May 2012
Mr Robin (Rob) Chenery Non-Executive Director 16 October 2007

Name Position
Gordon Furner Company Secretary

Substantial Shareholders
Holding Name
1,490,000 (6.90%) V J Plummer and Ego Pty Ltd
9,124,843 (42.26%) John Charles Plummer
6,491,396 (30.06%) Imperial Pacific Limited

Calendar of Events
Date Event
20 August 2015 Report (Prelim)
19 August 2015 Report (Prelim)
20 February 2015 Report (Interim)
23 October 2014 AGM
09 October 2014 Div Pay Date
01 October 2014 Books Close
29 September 2014 Div Ex Date
10 September 2014 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at


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