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.

ajren
I suspect we may differ on a number of points of detail. For example, I disagree with your statement that Londerners have to be sold Manston. That is very questionable since many posters over a period on "another BB" have clearly stated that they have travelled up to 200 miles in order to get a cheap flight to their destination of choice. Indeed, people travel to Heathrow and the other London airports from all over the country and there are car hire firms that make a living feeding that need. Bear in mind that from Eastern and Southern London, Manston is likely to be reached quicker than either Heathrow or Gatwick and with the proposed fast rail link could be even more attractive.

It's all a matter for the individual and what I think may be different to what Fred Bloggs thinks. Time will tell. Bottom line of course:

"Why will they use it if they have not heard of it ?"

because it's where their cheap flight leaves from.

I therefore see no reason why Manston should be any different as long as it has the necessary flights and the airlines have the attractive fares.

Yesterday's deal with EUjet announcement has certainly set Planestation moving.
Over 4 million trades and not yet reached 30 minutes into the trading day. Price moved up and spread narrowed.

Socrates

Do you know any details of the proposed fast rail link?

Any web pages that cover it?


12.9% UP, I was thinking of buying more yesterday morning.

Oh well, very pleased with the rise so far.

Good news for you guys

apple
There has been quite a bit written about it, I will post a link if I come across one. I seem to recall mention in the Kent County Council Transport Plans and also in the Thanet District Council plans. TDC are very interested because they want faster train service to London from the Thanet coast towns.

So Socs
Not only time to buy PTG shares, an investment in the Margate/Ramsgate area property market might reep rewards

Thanks Socrates

Jeff
Investment in Birchington, Westgate, Margate, Broadstairs but NOT Ramsgate. You could end up with negative equity there, overflights etc.! Commercial property might be OK though.

PS
Re Ramsgate: Unless you are a planespotter, in which case you could lay back in your deckchair and count the rivets as the planes pass overhead.

Socrates

I live in Ramsgate and i can say that there are many others with shares in the comapany.There are a minority which form a group called MAG ? that oppose the development of the airport. Most of these people live directly under the flight path and have nothing better to do but have a moan.

G12

G12
I understand but I hope you don't think I was merely being flippant. There is no doubt that there will be a lot more noise over Ramsgate and from that point of view property values may well be negatively affected. It may be that they just don't rise as fast as the other areas but increased activity at Manston must have some effect.

I know all about MAG, followed WGG/PTG for years now and have relatives who live in Birchington who send me all the local rag articles.

Good luck to you and yours.

Socrates

I know where you are coming from....


Nice rise today ,lets hope it continues

G12

It just occured to be that the effect that the announcement has had is quite amazing considering that there is a lot more to Planestation than just Manston airport. It gives some idea of what can happen if other developments of a similar nature are forthcoming. PTG could foreseeably become a multibagger in time.

agreed...

Do not fool ourselves.
The deal is a DISASTER i.e.4.50 @ 22,000,000 V : LESS than 1 week ago before
the GOOD news.The City - like me - are VERY unhappy with the deal.Directors
refer to CONDITIONAL deal.What are the conditions ? Perhaps Planestation will
make small money.I still say they have done a deal with a Bottom of the League
Player that operates in an oversaturated market.
rgds aj

The Directors,Once Again,have made a Stupid deal:-

Still only 4.50 @ 24,452,130 V i.e. MINUS .16 FROM LAST WEEKS 4.66.
rgds aj

ajren
Time will tell, nice of you to give us the opinion of the city, is this based on anything reliable?

Hi Socrates,

Yes,the PRICE has told us the view of the City.
How can it be based on anything more reliable ???
rgds aj
P.S.Time HAS told i.e.it is still only 4.50 @ 45,000,000 V which,to repeat,
is MINUS .16 FROM LAST WEEKS 4.66.

Looks like a lot of trades in the Sell & Unknown columns were actually buys

Hi apple,
Thanks.However,all that matters is the price i.e. - .16 on last weeks 4.66.

Basically,I am saying the Directors are and have Always Been - the crazy
Interest on mezzanine loan,etc - incompetent.IF it was a good deal the price,
at a guess,should be 20.00 p.
Deals should be only done with Major League - Finance no problem....etc -
Players.EUjet is and always will be a bottom of the league player in an
Oversaturated market and operating within the Impossible - for their type of
business -- constraints of no night flights.
rgds aj

ajren said "Basically,I am saying the Directors are and have Always Been - the crazy
Interest on mezzanine loan,etc - incompetent.IF it was a good deal the price,
at a guess,should be 20.00 p."

Obviously ,ajren, the Prudential and other institutions think you are wrong because they have invested millions in PTG..but hey that means you think they are incompetent as well. Lol:-)

But then you are right, the shares should be 20p.. My 200k at 3.66p look like a bargain:-)