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.

Arjen

Fair enough reasons for selling - I think we are all a bit wary towards holding shares with the current backdrop of potential terrorism. Personally believe the risk/reward balance is worthwhile with this share with Iny going and the potential of a break up/takeover led by Robert Ware and or Prudential.

what happens to our shares if they take the company into private ownership ?

Yes,I agree i.e.there are many Positives.I am delighted this board gives so
many diverse facts,opinions and even guesses from astute investors.
rgds aj

Skyhigh,

We get whatever price they agree to pay - 10p was muted pre Inys removal. This is likely to be acceptable to those who have not been holding for too long, but some who have been holding since Wiggins days are unlikely to recoup what they paid.

On competitor BB, those who have held this for several years and feel that the company is finally about to deliver some value are not at all happy that it could be broken up for 10p or less (most of them don't want to sell for less than 25p). They feel that this would be getting the company on the cheap prior to it delivering real shareholder value. IMHO, I bought below 4p and topped up at 4.7p so I would be quite happy with 10p.

Aj,

thats what its for isn't it - as long as thoughts are backed up with reasons - then whether positive or negative they are still constructive (something competitor BB i mentioned seems to have forgotten!)

Further to the declaration by eujet that they intend to announce their flight network and fares next month, with cities such as Amsterdam, Milan and Zurich
(www.timesonline.co.uk)
The EUjet website is adverising for Italian speaking Cabin Crew at their Milan -Malpensa and Bergamo (Italian) bases.
http://www.eujet.com/vacancyCCI.html

Now i wonder which flights they might need new Cabin Crew for???
Also -
The LSE states 25m traded today?? Small Caps dealing???
good luck to all
ED

Some interesting trading this afternoon, suddenly went up a gear, something in the wind?

Fundamentalist,

Thank you for your reply. I too, hope it will 10p-ish - whatever happens. I bought in at 2.9p & again at 5.5p so would be in profit. I wonder how soon anything will happen ?

Market report
By Yvette Essen (Filed: 16/03/2004)

Dealings continued to be healthy in PlaneStation, the airport owner and operator. Traders said once the company moves into the FTSE All-Share Index later this month, approximately 120m shares will be purchased by tracker funds. The shares were 0.05p lighter at 5p.

I want to disclose the following lest some posters find out and think I am
biased.I am not stating there has been/is/or will be a connection
between Planestation and the sites.

I own :-

www.kent-airport.com

www.london-kent.com

www.planestations.com

www.planestations.us

www.london-racecourse.com

www.london-racetrack.com

rgds aj

Some massive sells this afternoon!!

G12

You're right Golfclub12.. it's a bit worrying..however, there still seems to be peeps buying. At least if I go down with this one I won't be the only one !

PTG have more or less had to rethink/structure the whole company , so someone has sold millions of shares this dosent mean that the company is going to the wall and it will only be a matter of time before we see some movement north ,watch for RNS .At least the share price hasnt taken a good hiding with all the shares sold,there must be some optimism at the stock exchange !!

G12 :))

Courtesy of Two Palms on another bulletin board:

three significant trades today
10,574.080 "T" sell, buy or part of the deal that was going
through peacemeal last week, the odd number of shares in this one suggest
that it could be the last - so finally maybe the backlog of stock
is gone?
the price is being held in the range by MM's
why?, waiting for March 22nd, or perhaps MM's holding plenty of stock for next week's no brainer

9M went through as normal buys @5p
a further 6m went thru as a "T" trade - buy

so this looks v positive, OI appears to have been squelched
takeover = load of balls, ? probably anyway
with next week listing this is beginning to cheer me up

Please read my post on AXU.Anyone have information ?
rgds aj

Hi Folks, Can someone explain what Edmond Jackson of the Sunday Telegraph means when he said in his recent comments that a deal could be made for planestation 'outside the stockmarket', and why would that be sickening ? Thanks. J

I'm not quite sure what Edmund/Edmond was trying to say really. I take all his comments with a pinch of salt, he is well reputed for sitting on the fence and keeping his options open. Certainly there is something going on behind the scenes in the last few days, you just have to look at the trades to figure that out. Former Wiggins holders who have been seriously burnt in the past are posting very negative comments on various bulletin boards, contrary to that are people who have bought into Planestation in the last few weeks and think this company is going forward now with the backing of the Pru. + two other private share holders. I am one of those who think this company is going forward. It just depends where you are coming from really - if you are a former Wiggins share holder who is sitting on a large loss you are feeling very negative - if you are a PlaneStation holder, who has just bought in recently, then you are probably feeeling very positive. The next RNS from this company is vital.imop

Thanks Scottie for your input. I've had wiggins/planestation for around two years now-bought in all the way down from the heady highs of 20p-2.5p ! As you can imagine now have a fairly substantial holding-hence the concern! However I like yourself am optimistic about the prospects. This 'Jam tomorrow' might just come up with the goods 'tomorrow' Anyway I've waited this long, whats a few more days...months...years!?

Press release this morning... Looks like a good move. should see some favourable gradual upward move in the SP as well as some better press...


Planestation Group PLC
18 March 2004

PRESS RELEASE



18 March 2004



PlaneStation Group plc ('PlaneStation' or 'the group')



PlaneStation, the airport operator and property group, has appointed Martin May
(50) as Chief Executive Officer and Director. Initially his appointment is to
last up to the end of the year.



Mr May is a recognised corporate recovery specialist. He has a proven track
record of advising on and implementing recovery strategies that build long term
and sustainable value for shareholders. He recently completed significant
turnarounds at McNicholas Construction Holdings Ltd and Cape Plc where he now
holds the position of Chairman.



PlaneStation Chairman Richard Bernays said 'We are delighted Martin has agreed
to join us. He has extensive experience and an excellent track record of
initiating, implementing and advising upon successful strategies for
businesses.'



Mr May said: 'It is my aim to execute a thorough review of operations at
PlaneStation before implementing a strategy for the benefit of shareholders. I
hope to quickly assess the business to focus on its strengths and ensure that it
is these areas that drive the group forward. I am very excited by this
appointment as I believe PlaneStation has a lot of potential to generate value.'



In addition to his directorship of the Company, Martin May is or has been a
director of the following companies:


Current Directorships Previous Directorships
McNicholas Construction Holdings Limited M&J Associates (1953) Limited
Cape Plc
Connolly Limited



There are no other disclosures required pursuant to paragraph 6.F.2(b) to (g) of
The Listing Rules in connection with Mr May's appointment.



Further enquiries:
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477




This information is provided by RNS
The company news service from the London Stock Exchange

Lets hope this appointment is well received. Interesting that he has only been appointed for 9 months initially? Anyone follow any of his previous turnaround companies?

The share trading over the last few days is quite intriguing - there are huge sells going on but the price is not moving. Are they being gathered by the MMs to sell onto to tracker funds (reputed to need 120m shares in the telegraph a few days ago) upon entry to the FTSE All share or is there a buyer sitting and mopping them up prior to a takeover approach?

Mr May is a Fellow of the Chartered Institute of Management Accountants and a founder member and Fellow of the Society of Turnaround Practitioners.

Over a one year period he cut borrowings at Herts. based McNicholas Construction Holdings Ltd from 12m to 4m, closed non-core businesses and streamlined overheads so that the company is now trading profitably.

In June 2002 he joined asbestos group Cape Plc and was responsible for the successful restructuring which has seen the share price increase tenfold.