After an impressive surge in early 2023, South African businessman and corporate executive Christopher Seabrooke has experienced a substantial decline in the market value of his stake in Sabvest Capital.
According to data tracked by Billionaires.Africa, Seabrooke, who serves as the CEO of Sabvest Capital, has witnessed a decrease of $26.92 million in the market value of his stake over the past 21 weeks. The decline is attributed to the latest plunge in the shares of the investment holding company.
This decline starkly contrasts the gains Seabrooke recorded in his stake in Sabvest Capital in the first forty days of 2022. During that period, the company’s shares soared by more than 12 percent, resulting in a remarkable R166.4 million ($8.65 million) increase in value, fueled by sustained buying interest on the local bourse.
Sabvest Capital, headquartered in Sandton, is an investment holding company operating in various investment activities, including finance advances and holding listed debt, equity, and cash portfolios. It holds substantial interests in nine unlisted companies and long-term direct and indirect holdings in six listed firms, equity funds, and offshore bond portfolios.
Seabrooke, a prominent business executive who has played a vital role in Sabvest Capital’s growth, holds a significant 40.61-percent stake in the South African investment holding company.
Over the past 147 days, Seabrooke’s stake in Sabvest Capital has experienced a downturn of R320 million ($26.9 million), declining from R1.5 billion ($88.8 million) on February 10 to R1.18 billion ($61.8 million) at the time of drafting this report.
The $26.9-million drop can be attributed to the 21.3-percent slump in Sabvest Capital’s shares over the past 147 days, as investors on the Johannesburg Stock Exchange trimmed their holdings in the Sandton-based holding company.
Since Feb. 10, the company’s share price has dropped from R94 ($5.55) to R74 ($3.86) at the time of writing, further pushing its market capitalization below $160 million.
