Table of Contents
Key Points
- Christopher Seabrooke's 40.61% stake in Sabvest Capital has dropped by $4.44 million over 11 days, reducing his total investment below $70 million.
- Sabvest Capital’s stock fell 6.25% recently, from $4.47 to $4.17 per share, lowering its market cap below $165 million.
- Year-to-date, Sabvest Capital shares have lost 0.64%, making a $100,000 investment worth $99,358, urging caution for potential investors.
South African businessman Christopher Seabrooke has encountered a sharp decline in the market value of his stake in Sabvest Capital, resulting in a substantial loss of more than $4 million.
The Johannesburg Stock Exchange (JSE)-listed investment holding company has experienced a notable drop in its share value, significantly impacting Seabrooke's investment.
Steep decline in share value
Over the past eleven days, Seabrooke, the largest shareholder of the Sandton-based investment holding firm, has seen the value of his 40.61-percent stake in Sabvest Capital plummet by R79.68 million ($4.44 million).
This downturn has reduced his overall stake to below $70 million. Previously, Seabrooke’s investment had witnessed a substantial increase. From May 10 to July 19, the market value of his shares surged by R159.84 million ($8.8 million), boosting his stake from R1.04 billion ($57.2 million) to R1.2 billion ($65.98 million).
Sabvest Capital's recent performance
Sabvest Capital, headquartered in Sandton, engages in a range of investment activities, including finance advances and managing listed debt, equity, and cash portfolios. The firm holds significant interests in unlisted companies, as well as long-term direct and indirect holdings in listed firms, equity funds, and offshore bond portfolios.
However, in the past eleven days, the company's stock has decreased by 6.25 percent, falling from R80 ($4.47) on Aug. 30 to R75 ($4.17). This decline has led to a reduction in the company’s market capitalization, now standing below $165 million. Seabrooke’s stake has declined from R1.27 billion ($71.09 million) on Aug. 30 to R1.2 billion ($66.65 million).
Your Money and Your Life: Impact on investor returns
Year-to-date, Sabvest Capital’s shares have dropped by 0.64 percent, affecting overall returns for investors. A $100,000 investment at the beginning of 2024 would now be valued at $99,358, reflecting a loss of $642.
Potential investors are advised to exercise caution and conduct thorough research before committing to investments in Sabvest Capital.
