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BMC Birmingham City

99.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Birmingham City LSE:BMC London Ordinary Share GB0000998608
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 99.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 99.50 GBX

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Birmingham City (BMC) Discussions and Chat

Birmingham City Forums and Chat

Date Time Title Posts
23/9/201407:16Birmingham City11
24/10/200918:01Guaranteed income Ј50m with company value Ј30m!!1,022
28/9/200913:02BMC now worth Ј1 share.29
11/5/200820:58JUST FOR BCFC FANS187
13/7/200612:53Need advice on web sites2

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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 28/8/2009 14:06 by victorjohn
Interesting to note the recent (very low volume) selling at aboout 88p per share. They can't wait for the promised takeover price of £1 per share it would seem. Or perhaps they just don't trust Carson Yeung. Personally, I am holding on for the full £1 per share.
Posted at 20/8/2009 22:59 by a44
bluenose75 - 20 Aug'09 - 19:36 - 978 of 97

He may get your shares it will depend on the final % he obtains (already seen to be 79.9%), you will be entitled to the same price as the current directors (assume £1) if you hang on until the end. He may elect to keep the company listed and in which case you decide what to do with your shares.

If he obtains over a certain percentage (top of my head 95%) he could take the company private and if he reaches this level your shares will be compulsively purchased.

Personally if the offer goes in at say £1 I will sell out at around 95p (where I suspect the market will put it as soon as the offer documents arrive) and move on to other investments. This does mean forfeiting a few pence but the takeover period could take a few months, so I would rather put my money elsewhere.

Obviously all this assumes he does go ahead with the purchase.
Posted at 12/8/2009 15:58 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 12/8/2009 15:00 by yesrupnel
So what are the thoughts on the share price if this goes through?
Yeung is bidding £20m more than last time. A very crude estimate is a supposedly £70m bid for 81.5m shares = 86p each.
Any ideas if this is a rough ball park figure or any other views?
Posted at 12/8/2009 10:26 by yesrupnel
So at long last.
How much do we think the share price will go upto?
Do we sell now at 46p.
I seem to rember that the value of the share was estimated to be 60p when Yeung was originally going to take it over.
Now he seems to be paying £20m more but is that just accounting or a real £20m more?
Any ideas?
Posted at 22/4/2009 19:43 by poppadom2
Appreciate the maths you are doing my friend but if you look at the rise graph last time round when the price went to 50 and the graph this time it is acutally rising faster. This may be down to the fact that many shares are dodgy and any company doing better than expected is good news and appears to attract more than the normal interest. Remember there wasn't a recession on last time round! I also agree that Birmingham in its share price will be a peg or two below Tottenham but this time round if they can go up and stay up we might be seeing a price nearer 70 to 80p by may 2010.
Not bad given that the share was bottoming at a silly 20p only a month ago.
Anyway let's not count chickens till they have hatched they still have to win or get a gift from the blades!!
Posted at 22/4/2009 10:10 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 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.
Birmingham City share price data is direct from the London Stock Exchange

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