Birmingham City Share Discussion Threads

[iandippie] 24/2/2008 21:04

Nice. As a Spurs supporter and BMC share holder, what a stonking set of final scores it's been this weekend. :-)

[reels] 24/2/2008 16:52

Sad to see anyone get hurt, but back on the subject of business....
If Gold & Sullivan will not sell to Yeung then maybe another party will force the position. Yeung cannot buy unless he pays 63p - or wait until July.

[cockneyrebel] 23/2/2008 23:14

Hmmm, that wasn't the sentiment when Wenger loaned you about 10 players over recent seasons, that probably kept you in the Premier League.

They guy's career is probably finished.

Nice.

CR

[bluenose851] 23/2/2008 19:31

i hope so mate.

and i agree. Winger should be reprimanded for what he said. its as close to slander as you can get

[bluenose851] 23/2/2008 17:53

eduardo was unlucky. i dont think that was such a bad foul. Southern pansy

[a44] 22/2/2008 13:24

Looks like Yeung is not going to go quietly after requesting another EGM.
See:
&

[andyash] 21/2/2008 15:47

I really can't figure out how Grandtop could have increased in value by over two thirds in the space of a couple of days. I think the HKSE is a little more erratic than London but even so it does seem incredible considering the company is nothing more than an investment vehicle that is currently sitting on a paper loss of approximately £5m on its largest investment.

Good to see the result of the vote out at last although I would like to know what the final figures were as this would indicate what other potential support Yeung has if he wanted to move things on.

[a44] 21/2/2008 09:36

I see Grandtop had to yet again explain to the market its unusual share price increase yesterday of 14%.

Like to see what is announced today as they have increased a further 57%.

EGM vote result today at 12:00 like nobody could guess the result of that one!

[andyash] 20/2/2008 10:40

I think we could see a bit of a downward drift although this may be stabilised or reversed if the team start climbing away from the bottom of the league.

I still think that Sullivan and the Golds want out but will do it on their terms. Essentially, if they agree to sell out to whoever and at whatever price, then Yeung will just have to go with the deal like the rest of us.

I can't see Yeung selling his stake gradually and I also can't see anyone buying his stake without first agreeing a full takeover with the current board otherwise they will be in exactly the same position CY is in now. All in all a bit of an odd situation.

[a44] 20/2/2008 10:30

I would have sold at 60p, I was tempted to sell @51p intraday high 01/11/07.

The Mirror is quoting that Yeung has accepted defeat and now will not even attend AGM; I assume this is after recent director's purchase. See

Any views where this might go e.g. if Yeung accepts he will not get control we may well see him offloading his holding causing downwards pressure on stock price. Or is he shrewd enough to care and want a return for his money?

Bear in mind a while back Gold/Sullivan said they would buy him out but not at the price he paid.

[andyash] 19/2/2008 20:43

Bluenose,

I think the parachute payment is 20m over 3 years (if you get promoted in the intervening time then in no longer applies and you only get that years money. Not sure how it is split but I think it is more in year 1 than in years 2 and 3.

a44 - looks like Sullivan and the Golds are trying to ensure that they can outvote Yeung regardless. Essentially it means that there is almost no chance of deal with GrandTop (which I'm not disappointed about!) and that the existing board could sell to anyone and pass over control. I'm guessing that they will try to ensure that they get that extra 0.5% to make sure!

I only wish they had given me a call as I would have sold at least part of my holding for 60p a share as well as Karren Brady!!

[bluenose851] 19/2/2008 14:54

a question

i understand that the parachute payment after relegation is 20m (i may be wrong!) so why was the turnover only 25m last year?

[a44] 19/2/2008 13:40

AndyAsh

Is it purely a coincidence that after today's RNS David Sullivan and the Gold's are now interested in 49.51% from 46.5%.

Maybe there was something in Yeung's 47.1% holding afterall.

It could be interesting tomorrow or Thursday due to the time of the AGM, to see what comes out.

Also note the price paid for these additions Gold's @ 59.75p and Sullivan @ 58.1 with other directors selling out @ 60p.

[andyash] 18/2/2008 19:46

a44

As you say, you've been around a while so I know you don't post trash! Just thought you might have misread or hurriedly typed your post (I've certainly done it!).

It does seems to be an odd story and I would have thought that even if he had an option to increase his holding the company would have had to put that out as RNS.

Not sure what the price rise was about today as Sullivan's 25k purchase would hardly have justified a 33% rise in the shares in a matter of a few days.

Interesting to see what comes out of the AGM/EGM.

Andy

[a44] 18/2/2008 16:50

AndyAsh

Fortunately you have been on the post for a while so I hope you realise I do not post trash. I also hate posting without providing the link so I looked back at my history. The story was in the People but has since been removed from their site, if you are quick and do a Google search on "Yeung revealed he has bought 47.1 per cent of shares" you will still see it cached. Summary below:

FootballStruggling Birmingham City are split after takeover bidder Carson Yeung revealed he has bought 47.1 per cent of shares and is pushing for the appointment of ...
www.people.co.uk/sport/footbal1

I queried with my broker how this could be true and he explained that Yeung could have acquired an option (so not actually yet taken up so doesn't have to be reported) to boost his percentage.

[iandippie] 18/2/2008 16:06

a44 - yes, you are correct. I was relying on advfn volume chart being correct, as it does not reflect that transaction, and so today's volume appears as a higher point on the chart. However, looking at the historical trade info, that 450k transaction does not have a price associated with it - something I have never seen before, so rather odd.

[andyash] 18/2/2008 14:44

Yeung cannot have bought any more shares without launching a formal bid as he is at 29.9% already. I guess the Mirror story (I've not read it) is in relation to tomorrow's EGM to get two extra directors on the board representing GrandTop. In all honesty there is no way that Sullivan and the Golds will loose that vote as together they own far more shares. As for Sullivan's purchase, it was probably bought with David jnrs pocket money - just for show I think!

[a44] 18/2/2008 13:48

IanDippie

I assume you meant share price not volume as 450K moved in a single trade on 04/02.

Looks like the start of a power struggle as I mentioned months back. The Mirror ran an interesting story where it quoted Yeung holding 40+ %, and the fact that no release has been made since I would assume it was either incorrect or via a non disclosure purchase.

Seems like a notice will be made at AGM 20/02/08 by the movements in share price.

I though the recent rise might be started by 39th game, but since Southampton is valued at £50m maybe some realise BMC worth.

For note Sullivan's purchase does not mean alot he could ring me up and I would sell him alot more than 25K!

[iandippie] 18/2/2008 13:29

Actually, it's the highest volume in over 3 months!

[eggbird] 18/2/2008 11:09

10% rise, on very low volume........I wonder if Sullivan has placed another buy order??

[eggbird] 18/2/2008 07:38

18 February 2008


Birmingham City PLC

Director's shareholding


Birmingham City PLC ("BCFC" or the "Company") announces that David Sullivan,
Chairman, on 15 February 2008 acquired through Conegate Limited 25,000 ordinary
shares in the Company at a price of 36 pence per share.

David Sullivan is now interested in 18,949,827 ordinary shares in the Company
representing 23.25% of the issued share capital, held as follows:


Registered name Number of ordinary Percentage
shares shareholding

Roldvale Pension Scheme Trustees - 10,924,137 13.40%
Pershing Keen Nominees Limited, Account
SHCLT

Conegate Limited - Pershing Keen Nominees 8,025,690 9.85%
Limited, Account SHCLT

[eggbird] 16/2/2008 16:31

Hmm,

Interesting reels...

I had noted the beginning of a rise in the share price earlier in the week, and decided to take a small punt, based on my feelings that BCFC will stay up this season. To see that CY is still very much in the hunt for a T/O is interesting in terms of share price rises!!

[reels] 16/2/2008 11:37

Looks like Yeung is building his war chest in prep for another go at BCFC!
It is about £12m - but he can always top up....

[giddygoat] 04/2/2008 20:47

When did losing money ever make sense?!?!?!?!?

Supporting the club or owning the shares is bad enough. Doing both must be the toughest existence.

Of course BMC could now drift but Im happy to hold as this story WILL come good (one day).