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.

PTG promised a statement on Liverpool development, I think it was to have been made in June 'due to speculation in the press' was the reason for the intended of the announcement. Seems to be blowing in the wind at the moment. This lack of communication could well be part of the cause of the stagnent share price, apart of course from the general market mood.
I will look forward to September then Hotrott
opto

Christopher Foster has been granted share options of 5M shares at 5.92p

The options are subject to performance criteria.

04/08/04 17:56 Director Shareholding RNS

Go on then, PERFORM!!!!!!!!!

Not one single definate buy trade logged today, that must be somewhat unusual. However on the plus side the price remained unchanged. If these sells are going to the MM's/brokers they must be happy to take some stock on board at the price.

ARTEMIS FUND MANAGERS LIMITED

Buys 82,325,000 PTG shares.

09/08/04 10:10 Holding(s) in Company RNS

Thanks for that info Apple, brightens up a very dull day, may now manage a smile ;>)

Losing power, below flight path, need a touch of reheat!!

Has anyone got access to citywire subscription site, headline only Edmond Jackson, what makes planestation a special situation.

Yes, I have but am having trouble cutting and pasting. Will give you the gist if I can't succeed.

Excellent jj50 thanks.

jj. may be on the wrong track here but does 'cutting' work? I always copy. Just thinking you may not be able to 'cut'and paste from sites.

No luck. In brief hotrott!

Artemis FMs clearly has confidence in the future prospects of property and airports group PTG. It has increased ist stake in PTG from 4.8% to 8.52% so is effectively "locked in". This implies a firm belief in the ability of recovery specialist May and his team to deliver, although a chunky grant of director share options last week has also set me ferreting for reasons why.

That the stake increase came after news that PTGs corporate affairs director had been granted 5 million share options at 5.92p made me wonder what prospects might be in the offing.

Let me set this in contexdt of my investment rationale. Investing at 2.75p down to 2.5p early 2003, I saw potential for the share to rerate if group finances could be stabilised. This we saw in a rerating to about 5.5p after a successful capital raising last December at 4p a share. I had always seen potential for PTG shares to multiply thereafter if the business model could be made a success. This is where things get more speculative and investors are rightly alert to any insight available about propsects.

Longer term, successful airports would boost the value of surrounding land and the group has other property projects. There was a February agreement with EU jet to start passenger flights from Manston from 1 Sep. though news on general progress has dried up.

My investigations suggest a range of potential scenarios that could mean news in the weeks/months ahead. Treat those as speculative. But if Artemis is buying keenly and a director getting a chunk of options it seems appropriate to convey current potential.

First tow substantive companies are to take equity stakes in the region of 40 - 49% in the airports at Manston, Parchim and Lahr. This squares with PTGs outlook statement at the July prelims. Second a major air operator is set to move its freight options from Stansted to Manston. This is credible in context that a state of the art Border Inspection Post is being completed to handle imports of fresh produce. Third, Airbus 380 pilots are to be trained at Manston, which has the only runway in the SE wide enough to accept this new aircraft (not even LHR or Gatwick can cope).

Fourth matters are progressing in relation to Fairlop Waters, a racecourse project at Redbridge. The prelim statement cited a revised application in June following Green Belt concerns and "we are confident of a positive outcome".

Fifth the group may soon be profitable. This was hardly apparent from prelims to end March showing a 17 million loss after exceptionals and I take such a hope with a pinch of salt. But the lumpy nature of property transactions can qauickly revers.

I had been wondering whether to lock in some gains given that it remains speculative prone to swings. But the timing of Artemis@ increase could imply a watershed for the next stage of corp. dev. I am continuing to hold.

Why Artemis judges it prudent to buy to an extent it is locked in.
I cannot imagine A would make such a commitment without a due diligence on PTG including questions to May. Private shareholders will not have this opportunity with the AGM date yet to be declared.

The lack of published insight helps to explain the share price drift. It will be intresting to see what news is announced to justify A treating PTG as a spec. situation. Implicitly these fund managers think this share has scope to outperform the market.



Excuse typos!!!

jj did you try to copy rather than cut?

Yes opto, I did try to copy. Think if it is "padlocked" (!!!!!!!!!!) it does not work, whereas I normally have no probs. There could be a reason for this?? Anyway, hope outline is of interest.

Thanks jj50

jj.
May I ask are you a holder of PTG or are you just trying to cheer us up? Good article. Thanks, particularly like the bit about the Airbus 380!!

** Airbus 380 pilots are to be trained at Manston, which has the only runway in the SE wide enough to accept this new aircraft (not even LHR or Gatwick can cope**

Brill

Opto. Been in and out in Wiggins days. Sold again in June. Bought again today!! Very small holding though.

jj. Welcome aboard, keep bringing in the good news, hopefully we won't have to wait too long for some useful growth.

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A Manston watcher has reported that the apron is now marked out with driving areas and walking areas ready in anticipation of the Eujet operation. Also, the car park is well on the way to being completed with roads finished and lines painted, parking ticket booths in place etc.

Where the black hangar used to be there are now Portacabin offices.

I must say that these are the signs I like to see, supporting evidence of things to come.