Table of Contents
Key Point
- Christopher Seabrooke’s stake in Sabvest Capital surged to $65 million, gaining $8.8 million in nearly ten weeks.
- Sabvest Capital shares are up 15.36% in ten weeks, boosting the company’s market cap above $160 million.
- Despite recent gains, Sabvest Capital stock is down 2.58% year-to-date, reflecting potential investment risks.
In a welcome turnaround after a string of losses, South African businessman Christopher Seabrooke has seen his stake in Sabvest Capital surge above $65 million, thanks to the recent upswing in the share price of the Sandton-based investment holding company.
According to data tracked by Billionaires.Africa, Seabrooke’s stake has increased by R159.84 million ($8.80 million) in nearly ten weeks, bringing his total stake to $65.98 million, reflecting a strong performance and investor confidence in the company.
This impressive increase reverses a previous downturn of $5.24 million between March 1 and April 26, when the market value of Seabrooke’s stake in the investment holding company declined from R1.15 billion ($61 million) to R1.05 billion ($55.76 million).
Sabvest shares up 15.36% in 10 weeks
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 unlisted companies and long-term direct and indirect holdings in listed firms, equity funds, and offshore bond portfolios.
The company’s shares have witnessed a healthy 15.36 percent increase in nearly ten weeks, climbing from R65.02 ($3.57) on May 10 to R75.01 ($4.12). This surge has propelled the company’s market cap above $160 million, translating to substantial gains for its shareholders.
Seabrooke’s Sabvest stake jumps $8.8 million amid share surge
Seabrooke, a prominent business executive instrumental in Sabvest Capital’s growth, is the largest shareholder with a substantial 40.61 percent stake in the investment holding company.
The market value of his stake in Sabvest Capital has increased by R159.84 million ($8.8 million) in nearly ten weeks, from R1.04 billion ($57.20 million) on May 10 to R1.2 billion ($65.98 million) at the time of writing, solidifying his status as a leading South African business figure and a top investor on the JSE.
Your Money and Your Life
Despite the recent increase in share price, Sabvest Capital stock has experienced a marginal 2.58 percent loss year-to-date, underscoring potential risks for investors.
A $100,000 investment in the investment group at the start of the year would now be worth $97,420, reflecting a loss of $2,580.
