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.

Taken from ADVFN......DYOR

The Movement up today : How about this - I have not seen mention of it anywhere else : The Times Of India

Plane Truths

[ WEDNESDAY, FEBRUARY 04, 2004 12:00:24 AM ]

Lured by 'Shining India', an airports group mission from Britain was in the Capital recently to explore investment opportunities here. John Jones , Senior European Coordinator, PlaneStation Group Plc, speaks to Narayani Ganesh about investing in "one of the fastest growing economies in the world today".


What was the thrust of your meeting with the civil aviation minister, Rajiv Pratap Rudy?


Looking at the climate of privatisation in India , PlaneStation and other aviation experts decided it was a good time to explore investment opportunities here. The civil aviation minister was receptive to the idea of developing airports in the country.


He is pushing hard for foreign participation in the Mumbai and Delhi airports, first. This is our first visit to India and we are looking forward to finding suitable partners for developing regional airports here.


What do you mean by co-development of airport projects?


We are interested in opening major regional airports in the area we'll put our money into it and depending on the legal shape of the arrangement, we can go in for either absolute ownership, lease, or partnership with the state or parties concerned. In short, we're interested in co-development.


We'll generate traffic and ensure that much of the economic benefit goes to the region. PlaneStation acquires, develops and operates airports. The company redevelops existing airports that have often been military sites or are under-performing.

These form part of a growing world network of regional airports called PlaneStations, which provide a focus for regional development sought by government, local authorities, business and communities in the regions concerned. Our projects are normally long-term.


How many airports do you operate?

We have one in England at Manston (we bought and converted a military airport), close to London , two in Germany , one in Italy and many more are in various stages of execution. As you know, all airports in Britain were completely privatised in 1987. The BAA, the biggest private company, runs Gatwick and Heathrow.


Why should we turn to you to develop our airports?

We have 17 years' experience in operating private airports. Each project requires a separate response, according to the circumstance. And we've learnt how to resolve mistakes.

Our most successful endeavour has been the airport at Manston , Kent , which opened in 1999. The entire region has benefited from the airport food processing, vegetable farming, fruit and flower cultivation, all these have got a boost as producers are now able to look at the lucrative export market.

London by itself is a huge market. A lot of cargo gets transported in and out and we are going to open a new route to Florida , for holidaymakers. We grow routes besides using regular routes. We facilitate passenger traffic, freight movement, relief operations...

We're a transnational group and we move expertise from one country to another, so we have the advantage of economies of scale. Passenger traffic is on the rise and the airport industry on a growth curve.

The annual passenger growth figure in North America and Europe is 8 per cent. In the London region alone, the passenger traffic is 115 million, annually. This is besides the tens of millions who pass through other airports like Manchester and Liverpool . We have to allow the market to supply the solution...


What is the source of your funding?


In the beginning of January we raised 46.3 million pounds from share issues. But for developing airports, we don't dip into the issue capital; we go in for bank loans.

We provide an alternative networking of regional airports supporting development of freight, international passenger traffic and the emphasis in England is on the international aspect whereas in India , it is a different story. Your country is so huge and the domestic market in itself is big.



Why India ? Why not China ?

India and China are among the fast-est growing economies in the world today. We are beginning with India because we have seen that the climate is suitable for privatisation of airports. Moreover, we have cultural traditions... and the language helps...


India is huge, as you have said so yourself. So would you try to open regional airports in far-flung areas in the north-east, for example?

As private airport operators, we naturally are mindful of the prospects for profitability and viability. We have done this in Germany where the area we operate in receives EU grants-in-aid.

We would certainly look at the possibilities if grants are available as we are indeed committed to regional development. Income accrual from utilisation of land as business parks next to airports is quite good and there are other spin-off activities like cargo maintenance, and other businesses that spring up close to airports like hotels and conference centres.

The question is one of owning and zoning... India is a key new market, especially to promote trade between India and Europe and the Americas .

What about airport security, post-9/11? Who trains your staff?
Our security systems are world-class. We build demand-led airports and we pay a great deal of attention to getting the right workforce. We sponsor students to do degrees in airport management and then employ and train them further.,,,,,,,,,,

again i hold some shares in this company ,but however i still am not holding my breath with this company,if there is any rise what so ever i my selling all my 17,000 shares???????????????????/

llewellyn
sell them to me for 4p

I might buy in at 2.5p, probably next week.

jeffmack you tease! will you, won't you?
:-)

Golddog
This thread is the right place for you. One dog will always attract another dog.

jeffmack, If you consider this one a dog why choose it for the Investment Game?
and why is it going down to 2.5p next week?
:-)

What makes you think that Golddog

G12

Golfclub12

Golddog didn't say that, he was replying to jeffmack.

It was jeffmack that said it & he was insulting Golddog instead of providing useful facts.

just testing!!It was early

Does anyone know if the trade of 1 million shares for 4p time 12:46 was a BUY?

Planestation has been a dog in the past, but with renewed vigor and local demand it looks set to fly!. I am also puzzled by the large number of Sells, significantly more than Buys.
Some sellers may be turning a fast-buck from those distant days when Wiggins was just over a penny, but that was long-enough ago to weed them out. So just what is it that makes people dump shares that could become bigger?.
No, I just don't get it, unless there is some bad new blowing in soon.

It could be because as interest rate are forcasted to rise companies with large debt will suffer??

hangon

All we keep hearing is good news, see the links to it earlier in this thread.

The movement is on fairly low volume.

The 2 unknown trades of 1 million swamp all the others & I wonder what they really were.

Maybe there is some really good news coming & the MMs are aquiring stock?

Who knows?

apple
Everything you have said you will see on the BB thread of every dog stock. And still they go lower




Lower






Lower

slmchow

PTG have got cash not debts.

apple

On Hemscott.net for PTG balance sheet 31 March 2003

creditors short 65.4 million
creditors long 2.84million

They have cash , yes, from this latest issue to pay off debts? or is it working capital for current and future pojects?

When the BIP open in the summer and signs of lots of activity there, ie fresh cargo and hopefully passenger will be when there could be some movement I hope

slmchow

This is out of date, see RNS & see previous msgs in this thread.

Net cash is about 30 million & debts are paid off.

apple

i finally found it

Quote from share magazine 15 - 21 Jan 04
"Cash at bank 12.9 million while short term creditors fall two thirds to 23.9 million"

slmchow

Sorry, I remembered it wrongly.

I should have said 31 million net book value.

How selective you have been.

The full quote of that paragraph is

"Based on the 31 March balance sheet, the new money turns Wigginss 16.4 million net liabilities into a 31 million net book value. Cash at bank rises to 12.9 million while short-term creditors fall two thirds to 23.9 million."

Maybe you wanted the price to go down?

It has, so this is another buying opportunity IMHO.