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.

Yes apple PTG has been in the doldrums far too long. Liverpool announcement promised next month, no doubt people have been fishing around in the right areas, as we all know secrets are 'sometimes' difficult to keep. Snippets of info could be creeping onto the market. Or then again it could be that the market is at last realising the huge potential for PTG
opto

My Brother owns shares in this company that he bought via the bank, he today received at letter from Planestation it said the following.

Plans to build a 2000 space car park and railway to the airport, interest in building an hotel on site.

Florida Melbourne airport already entered in an agreement to develop international air traffic.

Warren Buffet chairman of Berkshire Hathaway, 2nd richest man in the world reported in saying "This is the 20th century greatest long haul investment to invest for at least 5 to 10 years. Overtime only a few companies meet these standards so when one qualifies you should buy a meaningful amount of stock. You must resist the temptation to stray from your guildlines. If you are not willing to own stock for 10 years you don't even think about owning it for 10 minutes."

Other information already Known via news reports.

I will keep you informed as and when he receives more mail.

Have a good weekend everyone.

hotrott

While I agree that this is a great Long Term investment.

Buffet???????????

You have got to be winding us up!

apple
Consider this. The UK Governments predictions are that air passenger traffic will increase 4% per year for the next 30 years. In ten years thats 40% and that is without compounding.

Aircraft operators come and go, some succeed, some go bust and some just get merged with others but amid this turmoil there is one constant, airports. They are somewhat difficult to move and new ones are just not going to be built except in places where you can flatten an island or create a new one.

Since I can't see that happening in the UK, the aircraft are going to have to operate from existing airports. QED

All in all, it's what they call a no-brainer to invest long term in airports IMO.

Socrates

I know, I've been in this 1 for nearly 6 months & keep topping up when it dips enough.

BUT the comment about Warren Buffet has just got to be a windup!

Buffet was quoted as saying the bit about holding stock for ten years but I am sure it was nothing to do with out PTG!!!! I am just pleased to see it going up.

jj50
Re: Buffet comment. Must look at both sides of the argument, specifically Buffet did not exclude PTG from his stock market comment, LOL.

Google search say's it all.

Did you mean: "warren buffet" playstation

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Al

Warren Buffetts comments were printed on a letter my Btother received from Planestation. I don't think he means it will take all that time for this companys share price to rise, I think he beleives it could take that long before it reaches a blue chip company but who cares it could still be worth pounds without being at the top.

hotrott
Thanks for that.

Some fair sized trades today and not all buys. SP held firm: good sign!!
Any action around Manston this weekend?

On the UP again.

And again..........all retail selling being absorbed by retail and bigger buying. Looking very interesting indeed. Stakebuilding???

Volume certainly appears to be stronger than of late and the spread has narrowed a little.

a bit frustrating that a presentation has been made to analysts but no strategy outlined to us "normal" shareholders. This clear strategy and confirmation of LFG would cetainly help us understand where we currently stand but the indicators do look positive.

Some confident market-making goin on here, with a de facto tiny spread since that latest tick on the bid. Seems they are sure of off-loading all they get, at least at 5.75p. Will they test the offer shortly?

The official freight figures just released today by the CAA show that yet again Manston has managed an increase.

Tonnage for March 2003 was 3345
Tonnage for March 2004 was 3945

Sorry folks, that is only an 18% increase, and that's without the BIP.

For those of a statistical bent, that is 127.25 tonnes per day.

Thanks for the info Socrates

As an aside, whilst Manston is not currently known for it's passenger traffic, a situation that will change once EUjet get going, it did in fact handle 341 passengers in March 2004.

Softly, softly catchee monkey.

Passenger movement must be the area where the greatest potential lies, in the meantime @ 341 passengers a month, if that is typical, travellors must be enjoying a very personalised service at Manston.
EUjet is the first big step and hopefully more operators are being tempted to put their wheels down here.

Interesting RNS - they have raised 5.6m with a new placing with the institutions at 5.4p. Well the institutions seem happy to support at this share price - it would be nice to know what they know!!!


Planestation Group PLC
03 June 2004


PlaneStation Group PLC ('the Company')

Placing

3rd June 2004

The Company announces that it has today completed a placing ('the Placing'),
arranged by its brokers, Evolution Beeson Gregory, to raise approximately 5.6
million net of expenses. A total of 105,897,500 ordinary shares of 1p each ('New
Ordinary Shares') have been placed with institutional investors at a price of
5.4p, being a 4 per cent. discount to the closing mid market price on 2nd June
2004.

In addition to the recently announced 2 million investment in EUjet, the
Company is committing to significant investment in both facilities and equipment
at Kent International Airport - Manston in advance of the start of passenger
operations on 1 September. The proceeds of the placing will be used to finance
this investment and to provide additional working capital for the Company.

The Placing is conditional on admission of the New Ordinary Shares to the
Official List of the UK Listing Authority and to trading on the London Stock
Exchange's main market for listed securities ('Admission'). These applications
have been made and it is expected that Admission will occur on 8th June 2004.