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@DFP
Ive seen evidence of stuff like this at university station too (car jack). But I have a sense that these bikes were left there for a very long time. And bikes left for a long time at train stations are very vulnerable to not only thieves but staff as bikes are not supposed to be left there. Right next to university is QE hospital, I have posted many pictures of the common locking styles over there in the "how not to lock your bikes up" thread. People leave brand new £1k bikes there every day with a shoelace lock on the wheel only. And its fine.
Birmingham is incredibly safe in terms of bike theft while locked up. If you are in a rough area your bike might get vandalised but no one will want to nick it. Someone may as a last resort try and take your bike in a mugging type deal, but they would really rather have a phone or cash. Bikes have no value when these people can get a brand new full suspension bike with disc brakes for £80. Most people cannot tell the difference in quality and nicking a "racer" or polo bike with no gears definitely would not appeal.