In the second of my series of reports from what I learned in Phnom Penh, I want to talk about the businesses Vong Pech owns. One of them, Graticity Real Estate Development Ltd own a stake in Birmingham Sports Holdings and provide one of the streams of revenue that the Hong Kong listed company have that isn’t Blues. The big question is though how much money is coming in from Cambodia – and will it ever be enough to potentially help release BCFC from its Hong Kong parent.
Two consecutive days of share price rises have pushed the stock market capitalisation of Birmingham Sports Holdings to £378M as of close of play on Friday. It seems an insanely high figure for a company which makes the majority of its revenue via Blues. In today’s piece I’ve taken a deep dive into just what else BSH does to try to make some sense of what is happening.