₦airaland Forum

Guaranty Trust Holding Company (GTCO) stock price has been on a recent bullish run and rallied to N94.1 per share at the end of trading on Friday.

The stock surged 17.6% in 11 days to hit all time highs of N94.1 and is likely to test the N100 per share mark soon.

Cardinal Stone recently placed a new blended 12-month Target Price of N98.91 for GTCO stock.

The investment firm said GTCO’s plans to list new ordinary shares on the London Stock Exchange (LSE) to raise approximately $100.0 million will attract more institutional investors leading to a higher multiple in line with Emerging Market (EM) peers and higher stock price.

MTN Nigeria stock has also rallied strongly closing at N395 per share in Fridays trading.

MTN has benefitted from an increase in telecommunication tariffs by the regulator NCC.

Notably, the tariff increase was announced in February and mostly implemented in the last two weeks of March 2025, indicating that the strong revenue growth of Q1’25 (+40.5% YoY) was only minimally driven by the price adjustment, with further support coming from growth in minutes of use and megabits per user.

MTN Nigeria posted a profit after tax (PAT) of N133.68 billion in March 2025, from a loss of N392.69 billion as at March 2024.

The rally in GTCO share price raises its market capitalisation to N3.42 trillion ($2.13 billion) while MTN Nigeria is now valued at N8.29 trillion ($5.2 billion).

https://moneycentral.com.ng//wp-content/uploads/2023/08/NGX.jpg

https://moneycentral.com.ng/companies/article/gtco-stock-races-to-n100-per-share-as-mtn-nigeria-nears-n400/

Hmm. From offer of N55 it has almost doubled. GT try oo. 💲💲

alezzy13:
Hmm. From offer of N55 it has almost doubled. GT try oo. 💲💲

I swear. It's making other banks move and will still rally more in the coming weeks

GT bank is currently the most useless bank though. I really don't understand why the bank has sunk so low. Services rendered are poor yet my account gets depleted everytime

alezzy13:
Hmm. From offer of N55 it has almost doubled. GT try oo. 💲💲

GTCO has been good for investors. This is a stock that was trading at N21 per share in 2020.

Meaning it has returned 340% in 5 years.

Thats excluding impact of dividends.

If you invested N10 million, you will have N44 million today.

Not bad.

The point is, how much is the value of naira. A 45 naira appreciation doesn't mean much, it's insignificant in the grand scheme of things. That's less than 4.5 cents appreciation. Let's say you bought 1000 shares, that's 45,000 appreciation. #45k can't do anything tangible in this current economy. 45k is a mere 25 dollars
I will never advise anyone to invest in Nigerian stocks at the moment. The value of the naira is useless

MCentral:
GTCO has been good for investors. This is a stock that was trading at N21 per share in 2020.

Meaning it has returned 340% in 5 years.

Thats excluding impact of dividends.

If you invested N10 million, you will have N44 million today.

Not bad.

Point is, what was the value of the naira in 2021 compared to today. #21 in 2021 is equivalent to #105 today. So in essence the value of GTCo stocks actually depreciated, not appreciated. Do the maths yourself
What #20 to #30 could get you in 2021, even #200 cannot get you today. A house of #10 million in 2021, you can even get for #50million today. When you do the maths you'd know how bleeped the economy is.

drstranged:
Point is, what was the value of the naira in 2021 compared to today. #21 in 2021 is equivalent to #105 today. So in essence the value of GTCo stocks actually depreciated, not appreciated. Do the maths yourself
What #20 to #30 could get you in 2021, even #200 cannot get you today. A house of #10 million in 2021, you can even get for #50million today. When you do the maths you'd know how bleeped the economy is.

The average Dollar - Naira exchange rate in 2021 was $1 to N403.5808

https://www.exchange-rates.org/exchange-rate-history/usd-ngn-2021

N10 million in 2021 was worth $24,813 ($1/N403)

N44 million today in 2025 is worth $27,500 ($1/N1600)

So contrary to your claims you have not lost money. More importantly dividends are not included in the calculation, just capital gains.

For instance if you bought N10 million worth of shares in 2021 @ N21 per share you will own 476,190 shares.

GTCO (GTB) paid N8 per share divided in 2024. That means you would have earned N3.8 million as dividend in just 2025

So lets understand that building wealth is a gradual process.

Some people still had N10million in 2021 which they either wasted in clubs or used to invest in scams.

MCentral:
The average Dollar - Naira exchange rate in 2021 was $1 to N403.5808

https://www.exchange-rates.org/exchange-rate-history/usd-ngn-2021

N10 million in 2021 was worth $24,813 ($1/N403)

N44 million today in 2025 is worth $27,500 ($1/N1600)

So contrary to your claims you have not lost money. More importantly dividends are not included in the calculation, just capital gains.

For instance if you bought N10 million worth of shares in 2021 @ N21 per share you will own 476,190 shares.

GTCO (GTB) paid N8 per share divided in 2024. That means you would have earned N3.8 million as dividend in just 2025

So lets understand that building wealth is a gradual process.

Some people still had N10million in 2021 which they either wasted in clubs or used to invest in scams.

First of all, people have a right to spend their money as they deem fit, whether on clubs or whatever and that's nobody's business. And that is besides the point, like way off point. Now that 3.8 million you talked about is worth USD 2,375 today going by your exchange rate of#1,600. That same 3.8million dividend in 2021 would have been worth USD 10,000 dollars in 2021 (going by the exchange rate of #380 to the dollar). So where's the wealth creation if your value dropped from USD 10,000 to USD 2,375. You're actually much poorer than you were in 2021. Statistics don't lie. Maybe you don't know that 3.8 million in Nigeria today is useless. You still think it's same 3.8million of 3-4 yrs ago. It's purchasing power is as useless as the p in psychology. 3.8 million could get you a sleek Corolla in 2021. Can quadruple of that get you same Corolla today? Please wake up from your dreams sir.

drstranged:
First of all, people have a right to spend their money as they deem fit, whether on clubs or whatever and that's nobody's business. And that is besides the point, like way off point. Now that 3.8 million you talked about is worth USD 2,375 today going by your exchange rate of#1,600. That same 3.8million dividend in 2021 would have been worth USD 10,000 dollars in 2021 (going by the exchange rate of #380 to the dollar). So where's the wealth creation if your value dropped from USD 10,000 to USD 2,375. You're actually much poorer than you were in 2021. Statistics don't lie. Maybe you don't know that 3.8 million in Nigeria today is useless. You still think it's same 3.8million of 3-4 yrs ago. It's purchasing power is as useless as the p in psychology. 3.8 million could get you a sleek Corolla in 2021. Can quadruple of that get you same Corolla today? Please wake up from your dreams sir.

You don't understand how the stock market works so this is my last to you.

GTCO has paid the following dividends since a hypothetical N10 million investment was made in 2021:

N3 per share dividend in 2021
N3.10 per share dividend in 2022
N3.20 per share dividend in 2023
N8.03 per share in 2024

This will translate to dividend income of:

2021: N1.42 million
2022: N1.47 million
2023: N1.523 million
2024: N3.82 million

The above assumes you bought N10 million worth of shares in 2021 @ N21 per share to own 476,190 shares and didn't sell.

Note that if you sum up the dividends gotten since initial investment you would have made
N8.23 million already back on your initial N10million investment.

Meanwhile that initial investment value has increased to N44 million as of today.

Total returns which in finance is (capital gains plus dividends) will be N52 million

If you hold on to your shares you will continue to earn dividends that will continue to increase as the bank surely expands and makes money. The value of your 476,190 shares will also continue to go up.

This is how the likes of Wigwe, Jim Ovia, Elumelu, etc that own banks got rich from the major shares they own in the banks.

Dont let anyone deceive you.

MCentral:
You don't understand how the stock market works so this is my last to you.

GTCO has paid the following dividends since a hypothetical N10 million investment was made in 2021:

N3 per share dividend in 2021
N3.10 per share dividend in 2022
N3.20 per share dividend in 2023
N8.03 per share in 2024

This will translate to dividend income of:

2021: N1.42 million
2022: N1.47 million
2023: N1.523 million
2024: N3.82 million

The above assumes you bought N10 million worth of shares in 2021 @ N21 per share to own 476,190 shares and didn't sell.

Note that if you sum up the dividends gotten since initial investment you would have made
N8.23 million already back on your initial N10million investment.

Meanwhile that initial investment value has increased to N44 million as of today.

Total returns which in finance is (capital gains plus dividends) will be N52 million

If you hold on to your shares you will continue to earn dividends that will continue to increase as the bank surely expands and makes money. The value of your 476,190 shares will also continue to go up.

This is how the likes of Wigwe, Jim Ovia, Elumelu, etc that own banks got rich from the major shares they own in the banks.

Dont let anyone deceive you.

The main point is not about the dynamics of the stock market. I'm heavily invested in top stocks in the the US stock market and several European stock markets for years so I perfectly understand how the stock market works.
However the point of argument is in the comparative value of the naira at two points...2021 and 2025! Whatever dividends you're earning now whether jacked up or not or whatever the value of your share is, is of way lesser value now than it was in 2021. That's the whole point which I thought was simple and straight forward. The point of discussion here completely has nothing to do with the dynamics of the stock market.
The dollar for instance has been relatively stable, inflation wise. This someone who invested thousands of dollars in 2010 and finds the value of his shares in USD increased today 2025 would have made true profit and value from that investment. If I invested same amount in the NSE in 2010, right now the actual value would be way lower than what it was in 2010 even though cumulative dividends or share price would have gone up. .

Any foreign Stock to invest $1k? Please I want to leave it from now till December.

MescanaBeauty:
Any foreign Stock to invest $1k? Please I want to leave it from now till December.

Apple Inc, Tesla, Nvidia etc...