Key points
- Christopher Seabrook’s 40.61% stake in Sabvest Capital fell by $4.44 million in 11 days, taking his total investment below $70 million.
- Shares of Sabvest Capital recently fell 6.25% from $4.47 to $4.17 per share, reducing its market capitalization below $165 million.
- Sabvest Capital shares have lost 0.64% since last year, representing an investment of $100,000 worth $99,358, urging caution among potential investors.
South African businessman Christopher Seabrooke has experienced a sharp decline in the market value of his stake in Sabvest Capital, resulting in a substantial loss of more than $4 million.
The investment holding company listed on the Johannesburg Stock Exchange (JSE) has experienced a significant decline in the value of its shares, which has significantly affected Seabrooke’s investment.
A sharp decline in the value of shares
Over the past eleven days, Seabrooke, the Sandton-based investment holding firm’s largest shareholder, has seen the value of its 40.61 percent stake in Sabvest Capital fall by R79.68 million ($4.44 million).
That drop brought his total stake below $70 million. Previously, Seabrooke’s investments had seen a substantial increase. From May 10 to July 19, the market value of his shares increased by R159.84 million ($8.8 million), increasing his stake from R1.04 billion ($57.2 million) to R1.2 billion R ($65.98 million).
Recent performance of Sabvest Capital
Based in Sandton, Sabvest Capital engages in a range of investment activities, including financial advances and the management of listed debt, equity and cash portfolios. The company holds significant stakes in unlisted companies, as well as long-term direct and indirect holdings in listed companies, equity funds and offshore bond portfolios.
However, over the past eleven days, the company’s shares have declined by 6.25 percent, falling from R80 ($4.47) to R75 ($4.17) on August 30. This decline has reduced the company’s market capitalization, which now stands at less than $165 million. Seabrooke’s stake was reduced from R1.27bn ($71.09m) to R1.2bn ($66.65m) on 30 August.
Your Money and Your Life: The Impact on Investor Returns
Shares of Sabvest Capital are down 0.64 percent year-to-date, weighing on overall investor returns. A $100,000 investment at the beginning of 2024 would now be worth $99,358, reflecting a loss of $642.
Potential investors are advised to exercise caution and conduct thorough research before committing to investing in Sabvest Capital.
