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.

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.

It'll be interesting to see what happens to the SP. Has the price been edging up recently so that PTG get as much funding as possible ? Will the SP now start to drift down as more shares will be in circulation ? .... :)

skyhigh, nah... one way, up!!!!

Looks like youre right Opto - up she ticks (bid and offer)

Yes... so far, so good. Good 1 page write up in Shares Mag. this morning. It's still rates it as a hold overall but good for the long term.
Looks as though a strategy is beginning to emerge and IMHO the share price will graduallly strengthen along the way (with a few dips here and there) :)

AAP just released AGM statement. Strong passenger growth at regional airports and on international routes. Bodes well.