Board Change • May 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Company Secretary & Independent Non-Executive Director Louis Joseph was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Company Secretary & Independent Non-Executive Director Louis Joseph was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Company Secretary & Independent Non-Executive Director Louis Joseph was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
First half 2026 earnings released: EPS: AU$0.006 (vs AU$0.009 in 1H 2025) First half 2026 results: EPS: AU$0.006 (down from AU$0.009 in 1H 2025). Revenue: AU$988.4k (up 38% from 1H 2025). Net income: AU$175.9k (down 40% from 1H 2025). Profit margin: 18% (down from 41% in 1H 2025). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Feb 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Company Secretary & Independent Non-Executive Director Louis Joseph was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Company Secretary & Independent Non-Executive Director Louis Joseph was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Company Secretary & Independent Non-Executive Director Louis Joseph was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Company Secretary & Independent Non-Executive Director Louis Joseph was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Company Secretary & Independent Non-Executive Director Louis Joseph was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 29
London City Equities Limited, Annual General Meeting, Oct 29, 2025 London City Equities Limited, Annual General Meeting, Oct 29, 2025. Location: at level 2, 111 harrington street, Australia Reported Earnings • Sep 26
Full year 2025 earnings released: EPS: AU$0.016 (vs AU$0 in FY 2024) Full year 2025 results: EPS: AU$0.016 (up from AU$0 in FY 2024). Revenue: AU$1.81m (up 45% from FY 2024). Net income: AU$499.9k (up AU$506.4k from FY 2024). Profit margin: 28% (up from net loss in FY 2024). Upcoming Dividend • Sep 25
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 02 October 2025. Payment date: 16 October 2025. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Australian dividend payers (5.5%). Lower than average of industry peers (3.6%). Announcement • Aug 26
London City Equities Limited announces Annual dividend, payable on October 16, 2025 London City Equities Limited announced Annual dividend of AUD 0.0150 per share payable on October 16, 2025, ex-date on October 02, 2025 and record date on October 03, 2025. Reported Earnings • Aug 22
Full year 2025 earnings released: EPS: AU$0.016 (vs AU$0 in FY 2024) Full year 2025 results: EPS: AU$0.016 (up from AU$0 in FY 2024). Revenue: AU$1.81m (up 46% from FY 2024). Net income: AU$499.9k (up AU$506.4k from FY 2024). Profit margin: 28% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. New Risk • Apr 04
New major risk - Revenue and earnings growth Earnings have declined by 2.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 2.0% per year over the past 5 years. High level of non-cash earnings (40% accrual ratio). Revenue is less than US$1m (AU$1.2m revenue, or US$738k). Minor Risk Market cap is less than US$100m (AU$27.2m market cap, or US$17.0m). Announcement • Feb 07
London City Equities Limited Announces Company Secretary Changes London City Equities Limited announced the appointment of Mr. Michael W Field as Company Secretary. The company has known Mr. Field and his skills for a number of years. They are pleased to have him join the team, especially at a time when the group is busy with strong stock-market conditions and active operational work, including legal court involvement. The appointment is also designed to release Mr. Louis Joseph, the current Company Secretary, from his secretarial tasks and provide Louis with more direct focus on the company's various activities as a long standing continuing non-Executive Director. Mr. Field is a Chartered Accountant. He holds a Bachelor Degree in Science and Master's Degrees in Commerce and also Business Administration. His experience includes managerial and analytical roles in military and commercial activities in Australia and overseas. The Board believes his experience complements the skills held by the three Board Directors. Upcoming Dividend • Oct 24
Upcoming dividend of AU$0.015 per share Eligible shareholders must have bought the stock before 31 October 2024. Payment date: 11 November 2024. The company is not currently making a profit and its cash payout ratio is 89%. Trailing yield: 2.0%. Lower than top quartile of Australian dividend payers (6.0%). Lower than average of industry peers (3.7%). Reported Earnings • Oct 01
Full year 2024 earnings released: EPS: AU$0 (vs AU$0.005 in FY 2023) Full year 2024 results: EPS: AU$0 (down from AU$0.005 in FY 2023). Net loss: AU$6.5k (down 104% from profit in FY 2023). Announcement • Sep 26
London City Equities Limited, Annual General Meeting, Nov 20, 2024 London City Equities Limited, Annual General Meeting, Nov 20, 2024. Location: at level 2, 111 harrington street, the rocks, Australia Reported Earnings • Aug 20
Full year 2024 earnings released: EPS: AU$0 (vs AU$0.005 in FY 2023) Full year 2024 results: EPS: AU$0 (down from AU$0.005 in FY 2023). Net loss: AU$6.5k (down 104% from profit in FY 2023). Announcement • Sep 28
London City Equities Limited, Annual General Meeting, Nov 02, 2023 London City Equities Limited, Annual General Meeting, Nov 02, 2023, at 10:30 AUS Eastern Standard Time. Location: Level 2, 111 Harrington Street The Rocks New South Wales Australia Agenda: To receive, consider and discuss the Directors' Report and Accounts for the year ended 30 June 2023 and payment of dividend; to adopt the Remuneration Report for the year ended 30 June 2023 as disclosed in the Directors Report; to elect a Director; and to transact such other business as may be brought forward. Board Change • Sep 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Butel was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Butel was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 18
London City Equities Limited Proposes Franked Dividend, Payable on 13 October 2023 London City Equities Limited proposed franked dividend of 1.45 cents. Record Date for dividend entitlements is 4 October 2023. Payment Date for dividend is 13 October 2023. Board Change • Aug 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Butel was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.9m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 90% Market cap is less than US$10m (AU$14.9m market cap, or US$9.93m). Minor Risks Profit margins are more than 30% lower than last year (14% net profit margin). Revenue is less than US$5m (AU$2.7m revenue, or US$1.8m). Board Change • May 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Butel was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 26
Chairman & COO recently bought AU$118k worth of stock On the 19th of April, Peter E. Murray bought around 205k shares on-market at roughly AU$0.58 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$306k. Peter E. has been a buyer over the last 12 months, purchasing a net total of AU$429k worth in shares. Board Change • Apr 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Butel was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Butel was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
First half 2023 earnings released: EPS: AU$0.006 (vs AU$0.054 in 1H 2022) First half 2023 results: EPS: AU$0.006 (down from AU$0.054 in 1H 2022). Revenue: AU$640.8k (up 93% from 1H 2022). Net income: AU$199.3k (down 88% from 1H 2022). Profit margin: 31% (down from 495% in 1H 2022). Board Change • Feb 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Butel was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 11
First half 2023 earnings released First half 2023 results: Revenue: AU$390.0k (up 17% from 1H 2022). Net income: AU$199.0k (down 88% from 1H 2022). Profit margin: 51% (down from 495% in 1H 2022). Board Change • Dec 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Butel was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Butel was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 28
London City Equities Limited Announces Board Changes The Board of London City Equities Limited announced that Mr. Louis J Joseph, the group's Company Secretary, has been appointed a Director of the company. He replaces Mr. Neil E. Schafer who has advised he is standing down after three and a half years in that role, effective 25 October 2022. Mr. Joseph has been closely involved with London City and associated companies for over six years. He was appointed Company Secretary in April 2016. Mr. Joseph is a Commerce graduate from Australian National University in Canberra and came to the company with experience in international trading and securities businesses. In his time within the London City group he has provided a healthy range of investment research input and has carried out, effectively, the important Company Secretary role. In addition to his non-executive roles at London City he is actively involved in an international trading business and has investment interests. Announcement • Sep 21
London City Equities Limited, Annual General Meeting, Oct 26, 2022 London City Equities Limited, Annual General Meeting, Oct 26, 2022. Announcement • Aug 19
London City Equities Limited Announces Dividend for the Twelve Months Ended June 30, 2022, Payable on October 14, 2022 London City Equities Limited announced the dividend of AUD 0.01400000 for the Twelve months ended June 30, 2022. payment date is October 14, 2022. The record date is October 4, 2022 and ex-dividend date is October 3, 2022. Board Change • Jun 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Neil Schafer was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Neil Schafer was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 