Time now for all us Wiggins watchers to move with the times and start using Planestation, the new company identity. The name Wiggins Group plc has now disappeared from the database at Companies House and Planestation is now listed on the LSE website.

So fellow travellers, forget Wiggins, the name of the game is now PLANESTATION. Lets hope it goes like an express train.

What is going on with this company? The sale of the International Garden Festival Site in Liverpool is still going ahead and will net the company 10.8 million at the start of June.

Institutions are also increasing their stock.

Over the last few weeks Goldman Sachs have increased their stake from 5.19% (13 Apr) to 6.53% (21 Apr) to 8.14% (11 May) and finaly up to 10.15% (23 May).

Artemis have also been active here, increasing their stake from 5.84% up to 9.67%.

And Newstar Asset Management are also on board, increasing their stake from 7.06% to 10.69%.

This all happening when other institutions are closing a lot of their positions in the AIM and midcap markets. So why is the sp still going in the wrong direction?

Star

I think you have missread the Artimus figures ie, todays post 26/5 shows a total holding of 16,164,888 against the posting 44,123,659 on 13/5 that is falling to 3.54% against 9.67% on 13/5...Artimus appear to be bailing out while Goldman Sacks [owing to the closeness of their postings] appear to be buying up some of these shares...what can we ordinary mortals make of it I do not know...

Meantime the price continues to fall and like others I have a few ahares left which I have writen off...I am sure there is value here but who will harvest it?...ptg has been brought to its knees by a vicious group of derampers who continue to plague it on another BB...the unique concept of drome and airline must be right.

Dont blame the companies demise on derampers, blame it on the past mananagement

Next few days could be interesting. Artemis have been steadily divesting themselves of PTG shares. On 26-May-05 they announced their holding as 18M shares. Two sales today, probably Artemis, totalling 12M. That would leave just 6M overhang so it will be interesting to see where the price goes after that, they might even clear that tomorrow.

4.9M received from Liverpool too.

Latest EUjet passenger figures:

http://www.eujet.com/EN/corporate/news.asp

Socrates

I live in the local area to manston and have been hearing "rumours that BA are looking to purchase the airport L S and Barrell providing the accounts are correct and that it is a viable business! Any thoughs?

G12

Its all in the price. LOL

the price would be very cheap if anyone was interested surely

Well I'm glad I got out of this one a long time ago.

They are selling off their crown jewels, looks like they have had their brains removed.

28/06/05 13:49 Planestation to sell Kent business park stake to fund EUjet operations UPDATE AFX

Its all in the chart

g12, long time since I`ve posted, since I lost 10`s of 1000s on these. There is more chance of you being struck by lightning in a coalmine than BA buying KIA or PTG!! My optimism for this outfit was `kicked` out of me over last 6 - 9 months, but price now doesn`t even warrant selling so maybe best to hold!!

Yea,agreed.What a mess they've made of things.Chaotic management changing all the time.Good assets undeveloped etc.I bought at 22p on a great reference from someone on Bloomberg,I think!
My shares worth nothing now,but have felt the need to experience the steady decline in sp during recent years.Everyone has to have the TOTALLY AWFUL SHARE in their "portfolio" and THIS IS MINE!!!
What do you think their remaining assets are worth?
Is the sp being driven to the ground so that some vultures can pick up any tasty morsels left.I feel an "adieu" coming on.
LOL Ethel

I think that is about the mark ! and who might be available to come in and pick up very cheap pieces ?? Mr Iny possibly ??

British airways!

Up 20%, what a strange day

It's difficult to undrstand why this business isn't doing better. THe EUjet was a costly purchase, but maybe they couldn't get passengers any other way (being in the styx) still the price shareholders paid they could have flown every passenger by ryanair and still shown a difference. Management really do need to find someone that has ideas - can you imagine Richard Branson leaving one of UK's under-used (long) runways close to idle? Neither can I.
Maybe they should bung the Government a cool 5 million and get 50million road-rail improvement - that would start to get other carriers interested. Without more passengers I can't see this one going places.
Logically it is a better alternative to continued Heathrow expansion, being situated at a decent distance from London - for the time-being, tourists could do some towns on the south coast, walk the downs, ride the Bluebell Railway (ah the steam!) and then take a slow sleeper to London for an early breakfast, in time for Horseguards' Parade.

1 by christmas

I need 2 to cover my losses!

Planestation Group says not aware of reason for share price increase
AFX


LONDON (AFX) - Planestation Group PLC said it is not aware of any reason for the recent increase in its share price.

In a statement, the company said as announced last month, it is continuing to negotiate the sale of certain assets to fund the expected shortfall in the cash requirements of EUjet.

newsdesk@afxnews.com

BA or maybe BAA buying PTG "on the cheap" would make a lot of sense siince the clowns running PTG, appear not to have one set of matching uniforms between them. You could argue that only a few people live close enough to use KIA - but there are quite a few of them - also, it would be possible to do deals with the smaller Regional Airports, such as Bournmouth, Newcastle (tyneside) maybe so that passengers could benefit from lower fares to their "long-haul" destinations. Also they'd not need to fly to Heathrow, thereby reducing airport fees and by grouping passengers. I'm sure this is what happens already (using Heathrow) but it matters little "where" the grouping is done, provided the long-haul planes can get in and out.
Maybe that's KIA's problem - as soon as they get successful they are too busy. (Is it a single runway - or at least restricted in plane movements).?
PTG Management has been economical with the truth for a long time IMHO, but not economical enough with their spending plans. The poor location and time of the AGM is the real pointer. The sp just tells it as it is.... D.I.R.E.

BAA could buy this oufit out and wait until the site's value makes it viable. In the meantime they have an alternative "emergency" airport, maybe for checking/training pilots whose credentials are somewhat unknown. By buying it they would eliminate the possibility of a rival operator, maybe the French would like
to put in a bid. (whoops!)