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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Birmingham City | BMC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 99.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 99.50 | 99.50 |
| Top Posts |
|---|
Posted at 10/9/2009 07:30 by a44 I see the timetable has been moved again, I suspect a little escrow agreement of £3 million could be the cause. If this is the reason well done to the BMC directors, although it is very naive of Grandtop to not realise the time and court proceedings for a takeover.For the record most dates have been brought forward from the last delay. See: |
Posted at 08/9/2009 19:56 by a44 tiltonboy 2 weeks is hardly a few days. I suggest people compare the timetables both before and after. In summary it means that the EGM will not happen until after the offer period.My concern is that an offer has to be made by 01/10/09 and completed by 30/10/09, anyone with experience of takeovers and the court procedures will tell you this is cutting it fine. If this timetable is not met then the escrow will become payable to BMC. |
Posted at 12/8/2009 15:17 by a44 The only place I have seen £70 million was in the first article "The Sun" of all places!The HK$ was 15.86 when he purchased 29% so he will gain about 20% in exchange rate. So for point of discussion 50 mill plus 20% gives £60 million. Then BMC will claim they have improved the pitch (0.5 mill spend) and various other benefits. Also his 29% is worthless unless he can gain control so current board can try their luck at a higher value. Against the above the current market turmoil cannot be ignored so I would have though £60 mill tops was a very good offer and they would still be lucky to get £50 million IMHO. |
Posted at 09/6/2009 08:32 by a44 Today's RNS backs up what I highlighted regarding a lack of cash within the company, £2 million is not going to go far though.I suspect the directors will have to decide are they going to fund BMC or will they look for another party to do so? |
Posted at 24/4/2009 15:25 by andyash I always look at the results to see what they say about a dividend as it wasn't beyond the realms of possibility when Sullivan and the Golds held most of the shares. The standard line taken was to do with accumulated losses and therefore the company was unable to pay a dividend. With Carson Yeoung having 30% of the shares now, there is no way the board would consider a dividend even it were able to.Am debating whether to sell my shares or not at the moment because I don't think they will go much higher unless there is significant takeover speculation. This may of course happen if we get promoted (no assumption there as I've been a Bluenose too long to know we rarely do things the easy way!). Here's hoping all goes well at the weekend! BTW - we can't go up before we play as Reading don't play until Monday and they can still catch us if we loose tomorrow (which would make for a horribly nervous next Sunday akin to the promotion away at Huddersfield under Barry Fry for those with long(ish) memories!) |
Posted at 24/4/2009 13:59 by bluenose851 Football clubs need all the cash they can get. No way would they pay it to shareholders via divi!! |
Posted at 24/4/2009 13:48 by reels Could they sell the ground and leaseback from a property company and generate cash to fund players and cash to shareholders as a one off dividend? |
Posted at 22/4/2009 10:10 by a44 poppadom2 - 21 Apr'09 - 21:06 - 885 of 886Do you serious believe you can compare Tottenham and Birmingham? Tottenham are one of the richest clubs in the world (top 14 last year and top 11 I believe now). On top of that they have one of the richest investors behind the club and are being touted as a possible takeover target. I hope you also did not simply compare the share price of both? BMC only reach an intraday day peak of 51p last time in the premiership and then only as it looked like Carson was offering 61p a share via a takeover. I would suggest the value of Birmingham now (even with potential promotion) would be lower than last year, again I would love to be wrong. |
Posted at 07/4/2009 16:35 by poppadom2 This was a sale of some 7% of the total shares of BMC yet the share price only came down by 2.3% utterly amazing equivalent to the days earlier gains, shows you how much BMC share price value is held in regard by market makers. |
Posted at 10/4/2008 14:07 by andyash Interestingly it seems that Grandtop shares were suspended BEFORE the formal announcement of the BMC suspension.By my reckoning Hong Kong is 7 hours ahead of the UK so this suspension was made at 3am ish UK time assuming that the time on the announcement is local time. It could still be that they took the decision to suspend due to the arrests or it could have nothing to do with the suspension of the BMC shares but it seems more likely to be due to potential takeover activity of either BMC (or possibly Grandtop). I really don't think these arrests should warrant a suspension of the companies shares unless something else is also happening that is related. |
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