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    Security features of the new naira notes revealed by the CBN

    JUST IN: CBN orders banks to begin payment of new notes over the counter

    Atiku heads to Europe on ‘business trip’

    Why CBN should not extend naira swap deadline – Atiku

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    They want to starve us of funds – IPOB DOS cries out

    ‘Elements’ in Aso Villa want APC to lose election –  El-Rufai

    ‘Elements’ in Aso Villa want APC to lose election – El-Rufai

    Suspected herdsmen ambush Benue policemen, kill DPO

    Suspected herdsmen ambush Benue policemen, kill DPO

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
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    • Cryptocurrencies
    • Forex
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    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.49%

    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

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    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

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    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

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    2022 financial year: UAC of Nigeria posts N2.69 billion loss

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    Building a Successful Business Organization: Lessons from the Bible

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    2023 Bible Lessons on Setting your Financial/Investment Goals

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    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

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    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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Zenith Bank Share Price now higher than that of Guaranty Trust Holding Company Plc

Friday, 14 January 2022, 8:31 am
in Markets, Stocks/Equities
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Zenith Bank Share Price now higher than that of Guaranty Trust Holding Company Plc
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It has always been a battle for supremacy between Zenith Bank and Guaranty Trust Holding Company Plc (NGX: GTCO) in multiple fronts; price per share, dividend payout, Profit Margin, operational efficiency etc. On the Share price front, Zenith Bank Plc (NGX: ZENITHBANK) has finally closed the gap and overtaken Guaranty Trust Bank.

At the end of trading on the floor of the Nigerian Exchange on Thursday, 13th January 2022, the share price of ZENITHBANK stood at N25.50 while that of Guaranty Trust stood at N25.45. This is the first time that this has happened since September 22nd, 2011.

ZENITHBANK with its 31.40bn outstanding shares has a market capitalization of N800.61bn, making it the 7th most capitalized company on The Exchange. GTCO on the other hand is the 8th most capitalized company on The Exchange with a market cap. of N749.02bn from 29.43bn outstanding shares.

  • Have you read? Agropartnerships investors seek explanation for delayed payment

In November 2021, Guaranty Trust Bank Plc began restructuring into a Financial Holding Company, and subsequently Guaranty Trust Bank Plc was delisted and replaced by GTCO.

Since the restructuring, the share price of GTCO has been on a steady decline, dropping to as low as N23.90 in December 2021, from the N28.00 per share it traded in the run-up to full transition to a HoldCo. Investors in GTCO has endured over N250 billion lose of wealth since the transition that was supposed to hold so much promise.

At its peak in January 2019, GTB was trading at N54 per share or a market capitalization of N1.5 trillion. In the same period, Zenith Bank was trading at N33 per share valued at just over N1 trillion.

Analysts at Investogist has always believed that both banks are similar in their performances and that the wide differences in their pricing was a market distortion. If any of the two should be ahead in Price it should be ZENTIHBANK, not GTCO.

In their last financial statements for the period ended 30th September 2021, ZENITHBANK reported a Basic Earnings Per Share of N5.11 while GTCO reported an EPS of N4.54. Both companies paid an interim dividend of N0.30 per ordinary shares to Investors.

At current prices, both companies are still very well priced.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • Guaranty Trust Bank Plc to restructure as a Financial Holding Company
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  • Guaranty Trust Bank completes corporate re-organization, constitutes Board of Holding Company (GTCO)
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  • Guaranty Trust Holding Company (GTCO) profit falls 15.8% in H1 2021
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  • Guaranty Trust Holding Company to pay N8.83 billion interim dividend for H1 2022
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Security features of the new naira notes revealed by the CBN

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