- Home
- Birmingham City
- Current Squad
- Adam Legzdins
- Jonathan Grounds
- Paul Robinson
- Ryan Shotton
- Maikel Kieftenbeld
- Robert Tesche
- Stephen Gleeson
- Clayton Donaldson
- Diego Fabbrini
- David Cotterill
- Rhoys Wiggins
- Che Adams
- Lukas Jutkiewicz
- Viv Solomon-Otabor
- Jacques Maghoma
- Greg Stewart
- Jonathan Spector
- David Davis
- Michael Morrison
- Tomasz Kuszczak
- Paul Caddis
- Development Squad
- Academy
- Ladies Team
- Sophie Baggaley
- Alex Windell
- Meaghan Sargeant
- Jess Carter
- Kerys Harrop
- Freda Ayisi
- Kirsty Linnett
- Bella Linden
- Andrine Hegerberg
- Abbey-Leigh Stringer
- Melissa Lawley
- Charlie Wellings
- Chloe Peplow
- Rebecca Lloyd
- Connie Schofield
- Emily Westwood
- Cheryl Edwards
- Corina Schröder
- Ashlee Brown
- Coral-Jade Haines
- Aoife Mannion
- Ann-Katrin Berger
- Out on Loan
- Former Players
- Boards and Advisors
- Appearance Data 2014/2015
- Current Squad
- Factfiles
- Series
- Sponsorship
- Website Info
- Social Media
- Contact Me
BIH Attract New Investor
Filings made to the stock exchange this morning show that Luo Chao Kui has bought a 8.51% stake in Birmingham International Holdings.
The filing confirms that 438 million shares were bought on the market on Friday at an average price of HK$0.102, which values the stake bought by Luo at HK$44.676million – about £3.5million. The purchase makes Luo the third largest shareholder in BIH and gives him a relative stake of 8.81% in BCFC.
Nothing whatsoever is known about Luo; a search on Google has proved fruitless as has initial enquiries in Hong Kong. Luo is a mainland Chinese surname, which tends to be concentrated in the Guangdong province of China, which borders Hong Kong. Whether this investment is a prelude to further investment from the People’s Republic remains to be seen, however.
The BIH share price has now settled back to the price it was prior to the shares suspended and volumes traded have slowed after a volatile first two days back on the market.
Tags: BIH, HKSE, Luo Chao Kai
35 Responses to “BIH Attract New Investor”
Leave a Reply
You must be logged in to post a comment.
Shares closed at 0.149 so the guy who bought at .102 has already made money. There was a big spike on the trading volume graph for Friday so possibly that was our new investor.
Volume of shares today was 497, 310,000
with a turn over of 73,604,000
Not bad for a days work. If we win tonight then maybe it will climb higher.
I wonder if this is the first step in the reported potential new investor aquiring 24% in BCFC? Not sure to be honest. I would have thought any investor would have taken advantage of the low share price at the end of last week to buy a bigger stake than just a third of the reported 24%.
PP statement stated that initial discussions were taking place about the sale of 24% of BCFC suggesting to me that this would be in some way a one off deal and not directly an investment in BIHL. I could be just reading things wrong in truth.
What seemed unclear to me was why the investor was linked with buying a 24% of BCFC as opposed to 24% in BIHL? I am mistaken in thinking that there are no shares in BCFC anymore only BIHL? That being the case I wonder how such an investment would be structured?
Any thoughts?
Thanks for the information Dan.
I doubt very much it’s the prelude to the 24% of BCFC being bought out as these shares are in BIH.
It would be BIHL selling 24% of its own stake in BCFC. Hence this particular share purchase by Luo, bought on the open stack market, to give him an 8.1% stake in BIHL has nothing to do with the ‘proposed’ 24% stake in BCFC.
Main reasons could include:
1) Building a stake in BIHL with a view to taking it over.
2) He is part of a group of investors trying to gain overall control of BIHL
3) One of CY’s chums buying stake to give CY more control
4) An individual just thought the share price was good value as an investment with prospects of it being much higher price in the future.
Above by no means all possible reasons – there are many alternatives.
It is very interesting if nothing else. Lou’s name has not yet been connected with any proposals for BIHL/BCFC as far as I am aware. However, everything with(in) BIHL happens for a reason and that reason is usually for the benefit of a certain CY.
It could be he just saw the price as being low and it’s a chance to make a quick buck – the shares have already risen enough for him to make a £1.6mil profit.
Assuming there’s enough liquidity for him to be able to sell without driving the price back down to where it was!!
Any investment has to be good, but will BCFC or more importantly Lee Clark see any of it? Though any cash now is too late to make a diffence, but it can secure some of the starlets we have now or those without a long term contract, Packwood and martin fall in that category.
KRO+DNM
i bet zero of that money will find its way to BCFC
As BIH haven’t received it I suspect you’re right…
The person or business that sold then gets the money, not BIH
No one would just throw money away.. invested for a reason… what does he know… ?
1. the result of the court case?
2. Future investment
3. Sale of someone else shares
4. Takeover
This list could be endless…
KRO…… here’s hoping for a forward step for #BCFC for once, that does not involve 2 steps backwards….
Dan do you know if peter pannu has any shares in bihl.
Yes he does, 1.5million of them – which sounds a lot but isn’t really – it’s 0.03% of the company and is worth on today’s prices £17,535
citation: page 13 of this annoucement http://202.66.146.82/listco/hk/birminghamint/announcement/a140205b.pdf
I was looking late last night/early morning. The price of the shares had increased by around 34%
Don’t forget everyone, people don’t always buy shares because they want to own the company. It can just be a way of making money through stock trading. It could just be that this guys manages a portfolio of wealth, has seen some cheap shares in BIH and thought that even a very small percentage increase in value would equal a profit. And certainly don’t think that just because someone buys shares in a company that they want to invest additional money into the business. I personally dont think this is a major development just yet.
Absolutely true. He could well sell tomorrow – his shares are already worth £1.6mil more.
Might find it difficult to sell at, the now, inflated price
why is the price “inflated”?
Because it values BIHL @ £45m. If that’s not inflated, I don’t know what is! Valuing BIHL @ £45m plus its debts on top of that, is vastly inflated. There is no way BCFC (its only asset) is worth £45m+
In your opinion mate… in your opinion
Yes in my opinion of course. But also it would seem that BIHL independent advisers must be of the same opinion. Either that or they got the share placing and convertible bonds pricing more wrong than the Royal Mail advisors if today’s share price is considered to be ‘fair’ value.
The share placing was offered at HK$0.05, with the Convertible Bonds offered to U-Continent Holdings Limited (directly and wholly owned by Mr. Yang Yuezhou) and the Convertible Bonds & Novation offered to Carson Yeung, both being offered at the convertible price of HK$0.03
Given today’s closing share price of HK$0.149, it would seem either that; (i) the offerings to Yang and Yeung were vastly under-priced and they will make a big profit killing or, (ii) that the current price is over valued. All about opinions which might be applicable .
The share is HK dollars/cents not £p. Remember to convert then the sums look a lot less
If shares rose so much in one day what will they rise too is the interesting question
Julian – believe it or not, I actually know that, and I did…
Not being funny, but if anyone is going to be condescending on here, it’s me. :)
Just a thought could be carson buying these shares to increase his stake.
No, because it’s not in his name and to insinuate it’s someone else is libellous. So don’t.
Only said just a thought .
i have my rose tinted glasses on again …i see a club that once
attracted 60,000 crowds…i see a club that has only small debt
..i see that clubs are tryibg to bring safe standing to grounds
again which could increase capacity of st andrews by a probable
10,000 more to 40,000 …i feel that if as suggested blues are to be
the springboard for the company .by having money spent on
players in a drive to get them back in the premiureship and
back getting big money again ..so that BC can give out more
rose tinted glasses …kro
Again looks good news greater when carson walks free…….
Mark , IF he walks free, as I hope he does, I will meet up with you and we will drink a toast to his well-being. How’s that sound?
To have a drink with fellow bluenose sounds good to me mate…….
Excited but waiting to be knocked down again
WALK FREE HA HA HA – DREAM ON !!!!!!!!
Great job pannu. .you are a star.you have saved the group and b cc and we are forever greatful. Carson is rich now with 200M novated and converted to shares at 0.03 per share. Carson made 8th pounds in 3 days……oh my god…and people says why pannu s pay is high. A genius
Great job pannu. .you are a star.you have saved the group and b cc and we are forever greatful. Carson is rich now with 200M novated and converted to shares at 0.03 per share. Carson made 8th pounds in 3 days……oh my god…and people says why pannu s pay is high. A genius