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BMC Birmingham City

99.50
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Birmingham City Investors - BMC

Birmingham City Investors - BMC

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 00:00:00
Open Price Low Price High Price Close Price Previous Close
99.50 99.50
more quote information »

Top Investor Posts

Top Posts
Posted at 12/8/2009 15:07 by a44
Correct on your calculations.

As soon as Grandtop hold over 29.9% (current holding) they must make takeover offer under market rules.

They also cannot offer private investors any less favourable terms than the price they have paid (top of my head I believe in last 12 months). So whatever price the directors get private investors will also get.

Karen Brady has zero holding (or below any reporting requirement) as these were bought a while ago for 60p.
Posted at 12/8/2009 14:58 by yesrupnel
So very roughly the share price (if it goes ahead) could be

Bought for £50m / 81.5m shares = 61.3p
Bought for £60m / 81.5m shares = 73.6p
Bought for £70m / 81.5m shares = 85.9p

Is that too simple? Would Yeung pay more per share for Sullivans and Gold shares and less for private investors?
Yeung holds 29.9%, Sullivan 23.22%, David Golds 13.03%, Ralph Gold 12.53% = 78.68%
I assume Karen Brady and a few other directors hold a percentage but the only RNS I can find is one saying that they sold their holdings on 19 Feb 2008.
So that leaves 21.32% shares on the 'open market' = 17.4m shares.
In theory Yeung could purchase these 21.32% and end up with 51.22% - but I guess that many of these 21.32% are owned by wealthy individuals or private companies.
Posted at 01/5/2009 07:33 by yesrupnel
Birmingham Will Focus on Running Tight Ship and Staying Afloat, Insists Gold
Birmingham City's chairman, David Gold, says the club will resist a spending spree if promoted
David Gold, the Birmingham City chairman, has warned the club's supporters that there will be a prudent and cautious approach to life in the Premier League if promotion is won for the second time in three seasons. Birmingham will be about £30m better off if they go up by beating Reading on Sunday or via the play-offs, but Gold insists he will not sanction a spending spree that could lead to the kind of financial problems that have afflicted several former top-flight clubs.

Gold believes that the bottom of the Championship table, as well as the plight of Leeds United in League One, should serve as warning of the potential pitfalls of what might be termed "chasing the dream" in the Premier League. The St Andrew's co-owner and multi-millionaire says that he would like nothing more than to see Birmingham established in the top flight again, but he believes that the first priority should be ensuring the club operates from a stable financial footing.

"I think the question is not how do you stop yourselves from becoming a yo-yo club but how do you stop yourself from becoming a Leeds, Leicester, Charlton or Southampton," Gold said. "That's more important than saying how you become successful. Our fans ask me all the time whether we are going to establish ourselves and challenge Aston Villa. That's not the question. The money you receive [from winning promotion] gives you a chance of survival. No more than that."

Birmingham thought they had managed to become part of the Premier League furniture after three successive seasons in the top flight following promotion in 2002, but relegation in 2006 delivered an unwelcome reality check. Gold admits that there is a belief among some that the only way to succeed in the Premier League is with a "speculate to accumulate" attitude. "There isn't a formula for establishing yourselves – a lot of people tell you there is: spend the money," he said. "But spending the money is like gambling."

The West Bromwich Albion chairman, Jeremy Peace, has adopted a similar approach at The Hawthorns, although running a tight ship does have its problems. The west Midlands club are bottom of the table and facing up to the sobering prospect of their third relegation in seven seasons. "I've got a high regard for Jeremy Peace," said Gold, "because what he is saying is what I am saying: 'My club is not going into administration and finding itself struggling at the bottom of the Championship'. That's my first priority."

Birmingham, however, are not short of financial muscle. Gold and his brother Ralph, who is a director at St Andrew's, are estimated to be worth £300m between them, while the plc chairman, David Sullivan, is believed to have a personal fortune of about £450m. Their interest in Birmingham looked to be coming to an end the last time the club were in the Premier League but Carson Yeung's attempted takeover, which contributed to a period of uncertainty that precipitated Steve Bruce's departure as manager, collapsed amid much acrimony.

Two years on and Gold would not countenance another offer for control at Birmingham without cast-iron guarantees. He would, however, welcome the addition of another wealthy benefactor to the board to help to drive the club forward. "All clubs are looking for the investor to come along and join the football club, whether it's a massive sponsor or whether it's one person who wants to join you," Gold added. "I don't really want to sell but I would love to have another wealthy guy join the board because that's what you need [in the Premier League]."

© Guardian News & Media 2008
Published: 4/30/2009
Posted at 22/4/2009 09:10 by a44
poppadom2 - 21 Apr'09 - 21:06 - 885 of 886

Do 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 06/4/2009 16:49 by andyash
I'm 50/50 on it too and probably leaning more 60/40 toward McLeish! Curbs hasn't really done anything in the last 5 years ago and Charlton were on the decline well before he left.

Back on the subject of the shares (for non-Bluenoses!) they have been ticking up quite significantly over the last few days and I don't think it is because of our league position (with the exception of Reading's draw at the weekend, nothing has happened for 2 weeks). Wonder if there is some speculation about a new investor / takeover?
Posted at 29/11/2008 01:05 by mryesyes
No no I think you misunderstand, at the moment the club has to expend considerable sums maintaining a listing as I understand it on the exchanges.
Listening to this and after a rotarian meeting with a club official there would appear to be no objection to share certificates continuing to be held and for these not be be valueless,or unattractive documents, he spoke of issuing new ones indeed the club would be pleased if an exchange system existed but you see its the plc board in the way you see really an obstacle now to finding new investors for Birmingham City to become a top premiership club. The board of the club has to get together and seek for new investors and the PLC board only has one independent director who is a good local sort of person and the PLC board otherwise is the same chaps as the football club board and we have to first identify new investors to come in and to put it on a footing with Manchester you know. Please don't feel that anything is being done that is bad
Posted at 23/7/2007 13:10 by reels
Here is latest from newfeeds....


Asked about his plans to buy out the other Birmingham shareholders, Yeung told at a press conference in Hong Kong, "I'm considering it. It's a matter of timing."

Yeung declined to say whether his company will recruit new investors to finance its takeover of Birmingham, but said it is in talks with banks and funds.

Yeung also said he plans to promote the club in China by adding one player from Hong Kong and two from China, and by launching Birmingham-themed restaurants in the two regions.

"We've started observing local players. We hope to have some new developments in three months," Yeung said.

"We all know the English Premier League is very popular. I believe it will get even more popular in China. The market is bigger," he said.

Buying out the club completely and developing other related businesses will take about 700 million Hong Kong dollars (US$89.5 million; €64.7 million), Yeung said.
Posted at 03/7/2007 14:48 by darrin1471
From a fans point of view a Yeung takeover is less attractive than S & Gs. If Yeung has to go to the HK market for his 29.9% stake then what does he bring to the club except enthusiasm for football. Football as a general rule is for benefactors or fans and not investors. The biggest clubs like Man U may be an exception.
I doubt HK investors are going to donate transfer funds to Bruce or any other manager.

If there was a good chance of a full takeover bid then surely the share price would be closer to 60p than 40p.
In the back of my mind I have a faint memory that S&Gs said they would match any new investment £ for £.
If this was an investment rather than a takeover then Grandtop buys 29.9% for £15m. 1 for 1 rights issue at 37.5p per share raises £30m. £10m from Yeung, £15m from S&Gs and £5m from the other 20% of small shareholders.

The order of events could be. Grandtop takes up the option on the 29.9%. BCFC borrows £15m to buy players either this summer or in January without letting other clubs know they have the cash to spend. Once spent they then have the rights issue to pay off the debt and raise £15m towards the new ground.
If Yeung does not take part in the rights issue then S&Gs spend the £15m from Yeung and increase there holding back up to 74m shares or 56% to 65% of the total number of shares now issued.
Hope that makes sense. I have always had a good imagination.
Posted at 03/7/2007 12:31 by andyash
Bluenoses and PIC must go together Darrin as I've got about a third of my portfolio there as well (I've seen you contributions on the PIC BB). Been in that one since 1998 and have got in and out a few times since. Sold about 10% of my holding a couple of weeks ago just to take a bit of profit out but certainly think there is a significant upside there over the next year or two. All in all, that share has done well for me over the years.

As for BMC, I had my flotation shares but never considered that as an investment with the head! Fortunately I bought a load more in via my SIPP about 6 weeks ago and am very glad I did. From a fan's perspective though I'm not sure about CY launching a full bid and I just hope that if he does it smokes out some other potential investors (Mittal??).
Posted at 30/6/2007 06:26 by debbiegee
Grandtop ticker code HKX:2309 it would appeaar from the chart that investors like the idea of a football club as the share price has nearly trebled in June.
Can be followed on advfn but we will not be shown the rnss.

link to Hong Kong stock exchange :

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