London City Equities Reported Preliminary Unaudited Results For Six Months Ended December 2018

January 21, 2019 05:03 PM AEDT | By Team Kalkine Media

Google News:

London City Equities Reported Preliminary Unaudited Results For Six Months Ended December 2018

Recent News

Beyond Oil product could lower cancer risk from fried foods, medical o...

Iron Ore Decline Impacts Major Miners on ASX 200 Index

Energy and Banking Stocks Show Divergence as ASX 200 Ends Lower

ASX 200 & ASX 100 Update: Technology Stocks Climb as Materials Retreat

London City Equities Limited (ASX:LCE) had come forward and made an announcement related to the important financial numbers related to the six months ended December 2018 by the issuance of the press release. As per the press release dated January 21, 2019, preliminary unaudited results are prepared, and the same had been sent out to the auditors. The company had stated that the company is expected to report the net loss after tax amounting to $0.018 million in the six months ending December 31, 2018.Â

During the same period, the company is expected to post revenues amounting to $0.235 million which implies a fall on a YoY basis. In the six months to December 2017, the company had posted revenues amounting to $0.487 million.

The release which was issued today had also given information on the Balance Sheet numbers of London City Equities. There are expectations that the company might have total assets $10.19 million at the end of December 2018 while at the end of December 2017, the company had total assets of $13.62 million. The company is also expected to witness a fall in the investment portfolio. At the end of December 31, 2018, there are expectations that the companyâs investment portfolio would amount to $8.45 million while at the end of December 2017, the companyâs investment portfolio amounted to $10.84 million. Let us now have a look at the information related to the liabilities of London City Equities. There are expectations that the company might have total liabilities of $1.66 million at the end of December 31, 2018. However, at the end of December 31, 2017, the companyâs total liabilities stood at $2.45 million.

The release reflected that the investments of London City Equities had witnessed an unfavorable momentum with regards to the market value. This happened largely because of negative reporting by the operators of the financial services. London City Equities is pleased when it comes to the existing holdings, particularly as there is a favorable momentum with respect to the dividend income.

The last traded price of London City Equities Limited was A$0.415 per share. The annual dividend yield of London City Equities Limited stood at 3.3%. However, the market capitalization of London City Equities stood at ~$9.41 million. In the past one year, the company had delivered the return of 1.22%.

Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.