Nigerian Listed GT Bank Shares Vs UK Listed GTBank Shares, Which Should You Buy?

One of Nigeria's foremost banks, GT Bank, had been doing incredibly well on the Nigerian Stock Exchange. Just last week, it saw a jump in its gross earnings to N455.230 billion and a 2.33 percent rise in profit to N201.440 billion, making it one of the most valuable banks in the country. Beyond Nigeria, GTBank is also listed on the London Stock Exchange. In 2007, it decided to expand and held its IPO on the London Stock Exchange, raising the sum of $750,000,000 and becoming the first African bank to list on the LSE.

Below is a breakdown of both listings and how both GRTB: LSE and NSE: GUARANTY shares perform.

GT bank  Market Capitalization

GRTB: LSE has a market capitalization of $2.3 billion, millions above NSE: GUARANTY which has a market capitalization of N881.3 billion. When converted to US dollars becomes approximately $2.153.

Return Vs Industry and Return Vs Market

GRTB: LSE had a one-year return of 70.8 percent, which surpassed the UK Banks' industry return of 40.1 percent and the total UK market return of 32.9 percent.

GUARANTY: NSE didn't perform as well, with a one-year return of 67.8 percent. Although it exceeded the Nigeria Banks' industry return of 54.7 percent, it underperformed in relation to the total Nigerian market which returned 72.7 percent.

Share price and performance

As of today, GRTB: LSE trades at the price of $4.10 per share. GUARANTY: NSE on the other hand, trades at N29.9, which is about $0.073. In the past year, the price of GRTB has grown 91.59 percent but dropped 0.49 percent in the past five days.

Both shares have however kept a stable performance with both moving at the rate of about +/- 6 percent weekly. The shares have been stable over the past year as well, moving at the same range of +/- 6 percent. 

Revenue

GT Bank has revenue of N385.53 billion/year, with earnings of N199.61 billion. On the London Stock Exchange, its annual revenue growth of 8.2 percent is expected to increase even faster than the UK market revenue of 6.4 percent.

On the Nigerian Stock Exchange, however, its earnings of 7 percent have been forecasted to grow even slower than the Nigerian market at 10.5 percent per year.

Dividends

GRTB pays its shareholders dividends of $0.30. GUARANTY: NSE is set to make the biggest dividend payout in its 30-year history at N2.70 per share.

The London Stock Exchange has a market capitalization of $3.83billion, with the NSE having a market capitalization of N28.26 trillion($69 billion ). As the bigger and more stable market, the LSE is the more advisable place to trade in stocks. Although the price of shares is more expensive at $4.10 to NSE's N30, they're worth the extra.  It better to invest in the GT Bank stock that is listed on the United Kingdom stock exchange. The stock price will be much rewarding than what you can get in Nigeria.