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@AlexB
I've seen honey trap bikes in at 2 locations recently.
One a nice Cannondale MTB sitting outside a station "chained" to the railings using a simple 5mm cable lock. You could have stolen the bike by undoing the stem, dropping the forks out and unhooking the lock from the handlebars. A bit obvious, but not cutting tools required.
A titanium Lightspeed at another station locked in exactly the same fashion made me twig that there's clearly some sort of operation going on.
I wish people who have had their bikes vandalized would unlock them though so that they're not blocking a space on the Sheffield stands. Even if the wheel is missing or the saddle's gone, there's still some value to the bike, or even the lock!