For the first time in many years, the stock price of
According to capital market analysts, the stock price of
The stock price of
On the flipside, GTCO has depreciated by 2.1per cent to close yesterday at N25.45 from N26 the stock market price opened this year.
The stock price of GTCO over the years was trading higher than
According to capital market analysts, the anticipation of a robust dividend for 2021 financial year and fundamentals of
The vice chairman, Vice president, Mr. David Adnori said investors are losing confidence in GTCO stock over the lender's legal tussle with Chairman of
According to him: "It should be around 2005/2006
"The reasons are the bank's court case with
The Holdings structure should have been advantageous but it is no longer serving as advantage to the bank because of the negative influence of the above issues."
A capital market analyst, Mr. Rotimi Fakeyejo said the GTCO's reported weak nine months unaudited result and accounts for
According to him: "Records in the last five years have shown that Pension Fund Administrators and foreign investors are always skeptical about investing in Holdings structure."
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