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.

And the last 1:-


Line flights to important geschaeftszielen starting from Black Forest
air haven Lahr (BFAL) Ladies and Gentlemen, whom tarpaulin station
Group intends to develop a network from regional flights to German
large cities of the Black Forest air haven Lahr. While the law case is
continued around a complete airport permission by the tarpaulin
station Group PLC with all means the available, a further important
task exists to develop regular business flights starting from BFAL in
the meantime. At present existing flight permission makes it possible
to offer flights with certain regional airplanes under 20 tons. It is
conscious to us that business travelers must spend very high costs,
trouble and time for the moment, in order to arrive at larger economic
centers within Germany from our region. We provide at present an
analysis those to point out are, which air lanes (within Germany) with
regional airplanes, with enterprises in the region resemblance to
find. In order a clear picture over it to receive which routes you,
your colleagues, customers in addition, visitors would take up, would
like we you to ask to fill out the enclosed questionnaire. In this way
we intend to provide a custom-made demand analysis particularly
regarding the following points: ideal flight plan flugpreise so
we can find air targets out, which solutions for you and your
enterprise, in the comparison with the at present existing
possibilities are most meaningful. Finally we would like us in both
with the IHK, and with your enterprise, for which during the procedure
for a complete airport permission thank you public support already
brought.

Looks like they intend to get something up and running as soon as they can whilst they carry on fighting for the unrestricted pax.

Good Luck
Eddie

Cheers fot that Eddie.

Did you go to the AGM?

Fundamentalist,
Your welcome,
Yes, but it went as I expected. No surprises.
Good luck
Eddie

Thank you Eddie

Thanks Eddie

Has anyone any views on the consolidation of shares effective 24 September '04 please? I have received notification today of the reorganisation. My previous experience with 'consolidation' has always left me out of pocket!

Likewise Bella but what can we do about it. Its simply sell or hold, I feel to jump ship now would be premature, if PTG succeds the gains will be enormous if not we will lose, it's just one of those gambles with prospects IMO

bella

Look what happened after consolidation of EEN shares, price took off like a rocket. It drew attention to EEN.

It's the company prospects that matter, consolidation just draws attention to the company.

Somebody just bought 35000 worth of PTG shares, I wonder if it was a director buy?

A general update on air cargo forecast from Boeing:


http://news.airwise.com/stories/2004/09/1095269923.html

today's telegraph:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2004/09/19/ccjack19.xml&sSheet=/money/2004/09/19/ixcoms.html

I Set off early last Tuesday to learn what Martin May, PlaneStation's chief executive since March, had to say at the company's annual meeting.

He conceded that institutional buying (which helped the shares from 5p to almost 7p in June) was based on hopes that he would repeat his achievements at Cape, an Aim-listed industrial services group. Within two years, Cape shares rose progressively from a low of 6p to above 120p. But I see this property/airports group as a tougher challenge.

I was disappointed that May did not stamp his authority on the meeting with a presentation on his objectives. This meant it quickly descended into shareholders expressing anger about the time and location: a 9.00am start beside a gravel pit in Essex.

PlaneStation's change of chief executive has never been properly explained, and it was not surprising that May got attacked from various sides. But once spurred, he put across a clear sense of management issues.

His actions to cut costs, reduce debts and prioritise revenue streams appeared to imply that breakeven was possible in 2005. A problem with being specific is that directors must avoid giving forecasts to anyone in particular.

I continue to think his 25m options at 4.47p (subject to performance criteria), rather than his buying a respectable amount of shares, flags the risks in PlaneStation and the timescale that may be needed to deliver value. But May said he had joined with genuine excitement about a lot of potential to create value with the company's assets.

After formal business I got a sense for good news at the end of the month; but timing can always drift. A lack of news has been responsible for the price falling back to 5p. A one-for-15 consolidation in due course should narrow the spread and appeal to institutions.

The investment rationale does involve belief in May's ability, and in this respect the AGM encouraged me to retain my shares.

I then posted the following on another board.


Roger000 - 19 Sep'04 - 11:41 - 6872 of 6874
You said - in response to the EJ article, the following 1 line

'but not enough to buy more shares.'


How very astute and informative of you to point out that EJ did not say he would be buying more PTG shares.

May I point out the following;
From my recollections,
EJ suggested buying PTG from/at around 2.5p.
(he based buying then on the company assets).
He then stated that he backed the re-financing at 4p.
He has continued to hold the shares and has today stated that he will hold.
He - I think must have see his profits reduce in line with the share fall from near 7p. Yet he continues to hold.
Institutions have followed his buying.
Im going to follow his lead, as far as I see EJ has done a great deal more research than you have done - and he has put his money where his mouth is.
Good luck
Eddie

Its comforting to see so many flights take off and land on a sunday.

Good luck
Eddie

Arrivals

EUJ424 FARO FAO 12:50 LANDED
EUJ234 NICE NCE 13:54 LANDED
FPO1711 VERONA VILLAFRANCA V33 15:47 LANDED
EUJ258 JERSEY JER 15:52 LANDED
EUJ206 AMSTERDAM AMS 17:16 LANDED
EUJ214 BARCELONA (GIRONA) GRO 21:00 LANDED
EUJ286 PRAGUE PRG 22:34 LANDED



FLIGHT DEPARTURES TO AIRPORT TIME STATUS

EUJ423 FARO FAO 06:33 DEPARTED
EUJ233 NICE NCE 09:47 DEPARTED
EUJ257 JERSEY JER 13:40 DEPARTED
EUJ205 AMSTERDAM AMS 14:55 DEPARTED
EUJ213 BARCELONA (GIRONA) GRO 16:36 DEPARTED
EUJ285 PRAGUE PRG 18:18 DEPARTED

Thanks Eddie

Passenger traffic today: 18 movements, overall things look quite good, providing of course the load levels are adequate. Unfortunately these figures are not so easy to obtain.
Need someone local who has nothing to do and likes watching aircraft :-)

ttt
If only on the grounds that something interesting will evolve soon.

lol

PJ McGoldrick, chief exec of EUJet said that the load factor was 75% on day 1.

Not laughing Jeffmack. 3 flights cancelled today. 2 inbound 1 outbound

I can't believe the dedicated followers (anoraks?) are now counting inbound and outbound aircraft. It's a bit like standing outside M&S and counting how many knickers are being sold!

Info on Manston web site Kayak. Daily flight movements updated every minute (I don't look every minute though)