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.

Dont forget the Warrants (1.5p-2p +0.26p today) According to my letter from TD Waterhouse they entitle the holder to subscribe for one ord. share at 10p from date of issue & ending 7 years from that date.

Latest cargo results figures available today on wiggins web

G12

Taken from the Thanet Times(today)

AIRPORT BOOM COULD SEE HOUSE PRICES SOAR.

A new American-style commuter airline has been launched which could see house prices soar.
hop Airways will fly between regional airports and is expected to start flights in July using a fleet of ATR-72 turboprops.
The new airline has not yet announced where it will be based and has been in talks with regional airports to finalize its short hop routes.
With flights costing from 4.99 to 80, and a third of one-way fares less than 10, estate agents are forecasting a property boom in areas served by the bargain routes.
D. Cooke from thanet estate agents Cooke & co, said poor transport links have always affected local house prices. 'The property market is suffering because thanet is so inaccessible by rail' he said.
It causes major problems, two hours to London is not good enough.
'If Manston does internal flights to say Manchester, London or one of a number of the smaller airports, it is going to make a difference to house prices because people can almost commute by plane. Or if they have a holiday home in thanet, instead of having to drive, they can fly down.
'Anything like that for Manston is fabulous, especially for companies such as Pfizer,
Manston could be a key airport' he said.
A Hop spokesman said 'hop has been in discussion with a number of airports across the UK. We will be confirming routes in due course'
Manston airport spokesman said for reasons of commercial confidence he would not reveal whether Manston was among Hops domestic routes.

Thanks Scottie

Well the price eased back a bit at the end of the day, not surprising after such a good run.

A big short term trader sold 3Million, I'm glad he's gone.

The good newsflow will keep us going in stages but I'm in profit by quite a bit already.

its all positive stuff..

Predictable day today after Friday and Monday being so good, and the market generally was going nowhere with a lot of shares being marked down. This type of share will always attract short term traders, but I see a great future for this one, sitting on a nice profit already and I'm going to stay with it.

Released today on www.

4 march 2004
PlaneStation Takes Off
Shares Magazine

Manston Airport, owned by PlaneStation Group (PTG), could become Kent’s answer to Stanstead.

The company, formerly known as Wiggins Group, has signed a deal with Irish airline EUjet allowing it to establish a European hub at Manston. The airline begins flights from Manston in June.

EUjet is run by PJ McGoldrick, former chief executive of Ryanair, who negotiated Ryanair’s deal with Stansted.

Flights will service business and holiday destinations including Zurich, Amsterdam and Alicante.

PlaneStation shares rose 15% to 5.46p on the news. ‘In the next three years we’ll have a spectacular airport at Manston’, says PlaneStation chief executive Oliver Iny. ‘We’ll soon have a train line from Manston into St Pancras [opening August 2007], where the channel tunnel rail link will start.’

Iny is confident demand exists. ‘If you live in the south of London, getting to a London airport is a nightmare,’ he says.

EUjet forecasts 300,000 passengers, during the first year of operation, rising to two million by the third year.

Iny, who is investing 8 million in expanding the airport, claims further deals are in the offering. ‘We’re talking to several more EUjets and cargo operators,’ he says. ‘We’re getting a huge amount of interest.’

Shares says: PlaneStation is taking off


G12

Wish the share price would !

Thank you for that G12. I really feel that it is such an obvious choice for airlines to consider as the slots must be at a reasonable price at the moment.
Lets hope it does fly "Skyhigh"
Rgds
Catta

A lot of buying again today, hardly any sells, due for a price tick up soon?

Scottie,
You'd think so wouldn't you ? However, nothing usually follows any logic.
I'd be surprised if we saw any PTG rise as it's a bad day in the markets. US jobs data, just released, was not good. Most small cap stocks having a bad time.

Time to pack up for the weekend and hope next week is better all round !

The fireworks begin on Monday then.
We can expect to see a serious rise.

From today's evening standard

http://www.eveningstandard.co.uk/news/business/articles/timid75317

Revolt could oust PlaneStation boss
Robert Lea, Evening Standard
5 March 2004

CONTROVERSIAL airport operator PlaneStation, the former Wiggins Group, is in the throes of a boardroom revolt that could see the ousting of its colourful chief executive and lead to a 200m takeover bid for the company.

An emergency board meeting has been called for Monday at which, it is understood, non-executive directors will move to have Oliver Iny, the group's founder and mastermind, replaced as chief executive.

It is believed the calls for Iny's head are being prompted by Prudential, PlaneStation's leading institutional shareholder.

The Pru's motives are uncertain but are believed to be linked to its approach to Robert Ware, the multimillionaire former MEPC property company executive, to become PlaneStation's chairman.

PlaneStation is looking for a new chairman after former City banker Richard Bernays said he wanted to go, having seen through the group's 46m rescue refinancing last year.

But it is believed that Ware, rather than join Iny as chairman, wants to launch a takeover bid priced at about 10p a share and valuing the company at more than 200m.

A takeover offer could come through Ware's AIM-quoted cash shell Conygar Investments, which he set up with former colleagues who shared in the 65m payout to executives when MEPC was taken private.

A PlaneStation spokesman confirmed that a board meeting has been called for Monday but did not comment on which directors are leading the putsch against Iny. The company has three non-executives - Lady Delves Broughton, the high-profile Lloyd's of London Name and supporter of horseracing; John Mackay, a former head of stockbroker Seymour Pierce; and Geoffrey Ambrose, a former BAA manager who was appointed to the PlaneStation board two months ago.

The shares were unchanged today at 4.87p, just 10% of the value they were in 2000 at the height of the Iny hype over the group's future.

Promises, promises...

OLIVER INY has a reputation for overblown promises upon which he has as yet failed to deliver.

When Wiggins took over the old Battle of Britain airport at Manston in Kent, Iny talked of the site as London's next major airport.

Expectations have been pared back but the airport recently signed a contract with Irish budget airline EUJet, run by former Ryanair executive PJ McGoldrick.

Iny has also for years promised to build a racecourse in Essex but nothing has yet come of it.

Wiggins has been dogged by accounting controversies over the years. It changed its name to PlaneStation three months ago and hopes to build a network of low-cost regional European airports.

Excellent news... lets hope it comes good :)

Good riddance to Iny if it happens - roll on Monday!

Am I dreaming or does this really mean that 10p could be on the cards monday?!!!

Interesting article in 'lemminginvestor.com' It's going to be a long weekend!

Looks like she's taking off! 10p Soon ...minimum..thats only the initial offer ..DYOR.

You're not dreaming jp, I don't know if it will get to 10p, but it will certainly fly!