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How to buy London City Equities shares

Own London City Equities shares in just a few minutes.

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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. 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.

What's in this guide?

  1. London City Equities key stats
  2. Compare share trading platforms
  3. Is London City Equities stock a buy or sell?
  4. London City Equities performance over time
  5. Are London City Equities shares over-valued?
  6. London City Equities 's financials
  7. How volatile are London City Equities shares?
  8. Does London City Equities pay a dividend?
  9. Have London City Equities shares ever split?
  10. Other common questions

London City Equities share price

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

London City Equities shares at a glance

Information last updated 2020-10-20.
52-week range$0.4225 - $0.45
50-day moving average $0.4277
200-day moving average $0.4337
Target priceN/A
PE ratio 204.7988
Dividend yield $0.01 (3.2%)
Earnings per share (TTM) $0.002

Share Trading Account Offer

IG Share Trading Offer

AUD 8

Standard brokerage - Australian shares

Share Trading Account Offer

Competitive broker fees on Australian and international shares

  • Brokerage - AU shares: From AUD 5 or 0.05%
  • Brokerage - US shares: USD 0
  • Sign-up process: Instant
  • Support - After hours: Yes
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Important: Share trading carries risk of capital loss.

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Compare share trading platforms

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.
Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
Finder Award
IG Share Trading
AUD 8 or 0.1%
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
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More Info
Bell Direct Share Trading
Finder Award
Bell Direct Share Trading
AUD 15
No
ASX shares, Options trading, mFunds, ETFs, Warrants
Invest in Australian shares, options and managed funds from the one account with no inactivity fee.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
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More Info
Superhero share trading
Superhero share trading
AUD 5
No
ASX shares, ETFs
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
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More Info
CMC Markets Stockbroking
Finder Award
CMC Markets Stockbroking
AUD 11 or 0.1%
No
ASX shares, Global shares, Forex, CFDs, Options trading, mFunds, ETFs, Warrants
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
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More Info
ANZ Share Investing
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
More Info
Westpac Online Investing Account
Westpac Online Investing Account
AUD 19.95 or 0.11%
USD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, ETFs
More Info
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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 2020-10-22

1 week (2021-01-12) 0%
1 month (2020-12-18) 0%
3 months (2020-10-20) 0%
6 months (2020-07-20) -1.74%
1 year (2020-01-17) -6.11%
2 years (2019-01-18) 1.81%
3 years (2018-01-19) 3.05%
5 years (2016-01-19) 53.64%

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 1 October 2020 (the "ex-dividend date").

Have London City Equities 's shares ever split?

London City Equities 's shares were split on 28 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

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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