Wiggins is a property group turned airport operator.

They currently own land at and or will operate 8 airports(planestations).

These are

Manston in Kent
Lahr in Germany
Parchim in Germany
Cuneo in Italy
Odense in Denmark
Smyrna in the US
Pilsen in the Czech Republic
Ajman airport

The main initial focus is on cargo operation manston is currently the 7th biggest airport in terms of cargo weight in England. cuneo is the only Airport that currently has scheduled services from 3 febuary there will be 3 flights a day to Rome and 1 flight a day to Strasbourg in the summer there will be charter flights.

As well as the airports Manston still has a valuable non airport related land bank which it plans on selling/developping and using the money generated to invest in the planestations.

Hi G12
Thanks for so much quality information.
Stabilised @ 3.62 now with only 1 m volume.I think/HOPE all the nervous holders
are gone.rgds aj

Note the new release from Wiggins ref. press speculation.

All

Worth checking WWW.wigginsgroupplc.com for full PDF download.

Regards G12

Socrates.What do you make of the press speculation/new release and do you
think this will have any effect on price ? rgds aj

ajren
I think the press speculation is a lot of uninformed hot air. I don't think the price will be affected until January when the placing etc. is signed, sealed and delivered. Frankly, I'm fence sitting. I don't know enough about Wiggins near future plans to make an assessment.

But let's face it, if Liverpool or Fairlop proceed to obtain planning permission there will be a sudden change in how Wiggins is perceived by the markets. Whether people dislike the current management or not, an asset that changes from next to nothing in the balance sheet to multi-millions cannot help but have a considerable impact on valuation and subsequently the share price.

In the meantime, airports are gradually starting to inject income into the balance sheet. Every pound earned is a pound less debt.

I tried to scan an article in the local rag on Friday but was unsucessful.

The current chairman is due to standdown when a replacement has been found.

And Wiggins have reduced their current debt i think by 12m


Regards G12

Thanks.I always felt the prospects are excellent.However,it is great to get
others opinions and facts to keep a sense of balance.I find it difficult to be
100 per cent objective when I hold shares in any company.
I placed www.portcanaveral.org/about/airport.htm before.I mention it again
in case some posters have not read it.rgds aj

+ .38p = 4p
rgds aj

Bought in at 5 before the suspension so still in the red and also 14.5 several years ago!
Really would like to see the price where it was 2 or 3 years ago 47 fingers x

Regards G12

Press Speculation

The Directors of Wiggins Group Plc have noted the article in the Racing Post of 13 December 2003, and, for the avoidance of any confusion, confirm that the Placing and Open Offer referred to in the Circular to Shareholders dated 10 December 2003 has been completed, conditional only upon the approval of Shareholders in the Extraordinary General Meeting convened for 5 January 2004 and the admission of the new ordinary shares and loan stock to listing

Prudential taken 200,000,000
rgds aj

Nice little jump in the price today, a few more days of that would be most satisfying.

London Manstons TravelStation website is now on line. More forward moves by Wiggins to expand it's horizons with Planestation.

http://www.travelstation.co.uk/

thanks socrates.what a interesting website .i have been holding this stock since 1999,and have brouhgt 4 different prices,altogether 7000?????????????????? i live local and there seems to be alot of interest again.i keep reminding myself that stocks+shares are for long term? lets hope so?????

llewellyn
That's just the Travelstation website, do you have the Manston website too? I'll post a link if not. I'd appreciate it if you could post news from the odd article in the Kent newspapers, Thanet Gazette etc. I get some news from relatives who live in Birchington but they don't always remember to tell me.

Do you ever get into the terminal building. Cheap cafe with great view of the apron, they do a lovely cumberland sausage lunch. Time I went back there again.

WIGGINS FLIES ON WHITE PAPER BOOST

Shares in Wiggins Group plc, operators of Manston Airport in Kent, jumped 10.34pc to 4p after the government White Paper on the future of air transport said there was scope for existing small airports to meet future air traffic demand.

“The White Paper offers us a major opportunity for growth by making it clear that there will be no new runway capacity elsewhere in the south east before 2011-2012 at the earliest,” said a Wiggins spokesman.

The spokesman went on to say “It recognises that there is considerable scope for us to meet demand for air services and goes on to bracket Manston with major airports such as London City and Southampton.”

Manston, a former RAF base, was acquired by Wiggins in 1997. It is ideally placed to receive overspill traffic from heavily overcrowded Heathrow and Gatwick. It has a runway capable of supporting intercontinental passenger flights. The volume of cargo traffic handled through the airport is currently up 29pc on last year.

Wiggins is in the throes of a major financial restructuring to clear debts and provide cash to develop its PlaneStation strategy of regional airports.

Regards G12

All great news but why is the price only 4p ?
rgds aj

More sells than buys today??

4p @ only 1,000,000 volume so not - perhaps stupidly - worried.
rgds aj

Have a butchers at the wiggins web site today.
Not quite sure how put the link on. Sorry

www.wigginsgroupplc.com

G12 :)))))