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.

No good news flow to buy on ?

I think a present price of 5.50 would accurately reflect the position and
good news from there would increase the price.All - in my opinion - bad news/etc
was priced in at 5.50 so there is no reason for a lower price.Opinions welcome ?
rgds aj

I think the price will make a steady move upwards on financial good news and nothing else. The fact they are expanding at Manston and the race course project which is or will be underway obviously isnt a big neough influence for investors to buy.

G12

Once the BIP is in operation, due to come on line Jun/Jul this year then I would certainly expect to witness a rise in the share price. Having the facility would IMHO attract additional Cargo Carriers into MSE.
rgds BI6

Another downside : Close of 3.62

My guess - not a fact - is there is a Serious Problem we are not aware of e.g.
a Property sale that fell through/Racecourse planning problem/Cosmos not going
ahead.I do not think BIG money will be made on cargo.I think the Florida
flights should be a goldmine - especially if they do what they hinted at i.e.
use that as a springboard to open up a network of N.American airports.
Any opinions/facts ?
rgds aj

Follow the professional money. 46 mill chasing longer term view,not short term quick buck view. Me...topping up!

This was always going to be a long term investment.

The BIP can't be built overnight & the passenger flights are going to take a while to organise even if they get agreement now so we have to wait a couple of years for big profits.

A long term hold is a short term trade gone wrong

Down to 3.50
I - with no disrespect - do not think the long term explains the low price.
There has - in my opinion - to be a significant PROBLEM to explain the price
drop from 4.60 Approx to 3.50.What has gone wrong ?
rgds aj

panic selling

Hi Gc 12,

Panic selling ? If so,why are the Institutions and Streetwise buyers not buying huge Tranches at what must be Bargain Prices ?
rgds aj

Perhaps this is the reason.

26/02/04 10:54 Additional Listing RNS

At least it's not too bad.

Possibly good?

26 Feb
Press release : www.uk-wire.com
Any opinions on this event ?
rgds aj

It is my belief that there is a good prospect of Manston being a very successful cargo airport. Ask yourself this, why did two separate companies apply for planning permission for food processing plants on Manston Business Park and why is Planestation building a BIP?

Doesn't anyone else think that the three events are connected? The food processing plants won't be built on the strength of a whim any more than the BIP will.

Well this is very good news for Planestation. EUjet flying out of Manston on the 14 June this year.

Hi Catta,
Good news ??? The shares have only gone up to 3.75
rgds aj
....................
Hi Socrates,
Presume you are correct.Why are the City/Savy Investors not buying the shares
at this price ???

rgds aj

EUjet
City not impressed - only 3.75 @ 20,000,000 V
Also,it says CONDITIONAL agreement.I would like to read the conditions.

What Manston needs is a BIG connection with Florida as that is the ONLY place
Manston is going to make serious money by e.g.building up a North American
network.
rgds aj

ajren

"Why are the City/Savy Investors not buying the shares
at this price ???"

IMHO the reason is simple, it's too early, even with the announcement of the EUjet deal, but it is another example of what is going on behind the scenes. Remember also that the placing shares were fully taken up so some of the big boys are in there.

I have no doubt that the Planestation team are beavering away working on other contracts and, like many other companies, PTG is recovering from some serious problems caused by the bear market and more specifically 9/11 and SARS. I know it's no good playing the "if" game, but I suspect PTG would be in a whole different ball game without 9/11 and SARS. Look at what has happened to the major airlines worldwide and then consider how our little minnow of PTG has survived, many aviation companies went bust so I reckon the current team are doing pretty well given those circumstances.

Unlike you, I do not believe that the USA is the golden pot. Aviation over there is seriously competitive. I think there may be more to be made in Europe and transatlantic but not in the USA itself. Also, we have to remember the Planestation concept has yet to bear fruit. If EUjet announces routes to Parchem, Lahr, Cuneo etc., then we will be talking serious earnings.

Hi Socrates,
A lot of what you say is valid.Nonetheless,the price has closed at 3.88p
at 40,000,000 Volume -- 10 APPROX days ago it was 4.66.

Just a guess : I think the City - like me - are extremely disappointed that
the Directors have,Once Again,made a terrible mistake by doing this deal with
such a minor player that operates in an oversaturated market.We disagree on the
North American potential but agree on the Florida/Melbourne -www.portcanaveral.
org/about/airport.htm.-situation.
I think the Directors should have their main focus on :-

1.Londoncityracecourses vast potential.
2.Florida + Everything associated with it e.g.business parks and springboard
for North America Network ref their plans for passengers plus CARGO.
3.Maximising Manston.However,Manston has one HUGE problem in that it cannot
operate flights at night.Perhaps this is the reason share price has dropped i.e.
they lost the night flight case last week.
4.Changing - immediately - their P.R.firm to one that AGGRESIVELY MARKETS
Manston,ETC.A few weeks ago the Telegraph did a 7 page spread about Florida
and travel to it.Manston did not get ANY publicity.Londoners,etc HAVE to be sold
Manston.Why will they use it if they have not heard of it ?
rgds aj

Ok,one deal..good news. Lets now move forward and do the next deal...