How to buy London City Equities shares | A$0.4225

London City Equities Limited is an asset management business based in Australia. London City Equities shares (LCE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.4225 – the same closing value as a week prior. London City Equities has a trailing 12-month revenue of around $513,452.

How to buy shares in London City Equities

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for London City Equities . Find the share by name or ticker symbol: LCE. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until London City Equities reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.4225, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of London City Equities . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted London City Equities 's share price?

Since the stock market crash in March caused by coronavirus, London City Equities 's share price has had significant negative movement.

Its last market close was $0.4225, which is 6.11% down on its pre-crash value of $0.45 and 4.14% down on the lowest point reached during the March crash when the shares fell as low as $0.44.

If you had bought $1,000 worth of London City Equities shares at the start of February 2020, those shares would have been worth $977.78 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $938.89.

London City Equities share price

Use our graph to track the performance of LCE stocks over time.

London City Equities shares at a glance

• Key figures

Information last updated 2020-10-13.

Latest market close	AUDA$0.4225
52-week range	AUDA$0.4225 - AUDA$0.45
50-day moving average	AUDA$0.4288
200-day moving average	AUDA$0.4343
Target price	N/A
PE ratio	204.7988
Dividend yield	AUDA$0.01 (3.2%)
Earnings per share (TTM)	AUDA$0.002

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• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy London City Equities stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of London City Equities Limited by TradingView

London City Equities price performance over time

Historical closes compared with the close of A$0.4225 on 2020-10-19

1 week (2020-10-12)	0%
1 month (2020-09-18)	-1.74%
3 months (2020-07-17)	-1.74%
6 months (2020-04-17)	-3.98%

1 year (2019-10-18)	-6.11%
2 years (2018-10-19)	1.81%
3 years (2017-10-19)	20.71%
5 years (2015-10-19)	83.70%

Is London City Equities under- or over-valued?

Valuing London City Equities stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of London City Equities 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

London City Equities 's P/E ratio

London City Equities 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 205x. In other words, London City Equities shares trade at around 205x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

London City Equities financials

Revenue TTM	$513,452
Operating margin TTM	35.42%
Gross profit TTM	$513,452
Return on assets TTM	0.85%
Return on equity TTM	0.46%
Profit margin	9.35%
Book value	0.453
Market capitalisation	$9.9 million

TTM: trailing 12 months

London City Equities share dividends

Dividend payout ratio: 654.87% of net profits

Recently London City Equities has paid out, on average, around 654.87% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.2% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), London City Equities shareholders could enjoy a 3.2% return on their shares, in the form of dividend payments. In London City Equities 's case, that would currently equate to about A$0.01 per share.

London City Equities 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 30 September 2020 (the "ex-dividend date").

Have London City Equities 's shares ever split?

London City Equities 's shares were split on 27 February 2000.

London City Equities share price volatility

Over the last 12 months, London City Equities 's shares have ranged in value from as little as $0.4225 up to $0.45. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while London City Equities 's is 0.0123. This would suggest that London City Equities 's shares are less volatile than average (for this exchange).

London City Equities overview

London City Equities Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia. London City Equities Limited was founded in 1986 and is based in Sydney, Australia.

Frequently asked questions

• What percentage of London City Equities is owned by insiders?

  Currently 92.105% of London City Equities shares are held by insiders.

• When does the fiscal year end for London City Equities ?

  London City Equities 's fiscal year ends in June.

• Where is London City Equities based?

  London City Equities 's address is: 111 Harrington Street, The Rocks, NSW, Australia, 2000

• What is London City Equities 's ISIN number?

  London City Equities 's international securities identification number is: AU000000LCE8