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.

Looks like plenty of panic selling today

G12

Why - panic selling ?
rgds aj

ajren

I think that it might be those that got a bit over excited by the writeup in shares mag.

PTG is a long term investment, it will have some nice jumps when PTG announces new customers but this share is no good to short termers at the moment. My guess is that the jumps will be too small for them in the next few months.

With such large assets & potential large assets, I don't see much risk in PTG.

Maybe their turnover can increase by a factor of 100 in the next 5 years & take the share price with it, they have certainly got the capacity for more than that. DYOR

& then there is the land around Manston that can generate cash from airport services & companies setting up there.

I'm looking at 5 years for this 1 but even in 1 year I'm hoping for a substantial profit.

Agree with Apple. Wheels have fallen off for the moment but it'll get fixed and up & away again soon.
Gains will be long time coming, there's still a lot of baggage to get rid of.. but once the good news starts flowing it'll come good. Need to be patient.. :)

ajren - history is littered with asset rich companies, many of them profitable owing to creative accounting techniques, which went bust because they ran out of cash and PTG could easily join them. Turnover is vanity, profits are sanity, and cash is king as they say. Very high risk until they produce numbers showing healthy cash generation and that may be a year or two away, so bound to be some jumpy sellers from time to time. Like you, I intend to hold, but very much aware it could easily go pear shaped. It is a double (or more) or quits stock.

skyhigh, fallen off, I don't think so (don't exagerate) but if you make more comments like that then I might be able to buy even more at an even lower price :-)

I think their londoncityracecourse - if planning permission granted - will be
a pot of gold.Agree/disagree ?
rgds aj

definately

G12

ajren

If they get planning permission on that land then they will sell it at a very good price & have more to spend on Manston facilities in addition to the 30Million cash they've already got.

I think that the scale of this project was reduced considerably but still should make a hell of a tidy sum, and like you say this could then be put into the planestation projects.

g12

Please , please can some body explain in simple terms what these share warrents are that PS are sending out.? are they taking what shares we have away and replacing them with a smaller amount or are they giving us more?
I am only a small stake holder and fairly new to the game and hav'nt come across this situation before. HELP!!!!

Kind Regards G12

Golfclub12
You need to get some basic knowledge quickly or it could cost you some money.

In short, the warrants are a free issue to PTG stockholders who qualified at the time of issue. Clearly you are one as am I. They grant you the opportunity to buy the same number of shares at the execise price, in this case 10p each.

These PTG warrants have value now, all be it small and you can track and trade them the same as any other share using Epic "PTGW". The value rises and falls as the share price changes.

Since the exercise price is 10p, there is not much point in exercising now, hence the warrants have a low value, since you can buy shares on the open market for around 4p, but if the share price were to go up to 15p, clearly there is an advantage in exercising your warrants.

There is clearly a gamble involved depending upon how high you think the share price may rise in the seven year life of the warrants. Since the higher the share price, the higher the profit if you hang on for the rise.

I think that's about it for basics, I'm sure better informed investors will add some comment. Bear in mind that after the seven years is up, the warrants are cancelled and become worthless.

In the case of PTGW some people are buying shedloads of warrants at next to nothing gambling on a significant price rise.

partridge:- You have put your finger on my major worry about the group. Cash flow - Yes plenty of assets - but many are a cash drain at the moment - The company has to make them profitable or they may run out of cash again. Further delays in planning permission could result in yet another cash call or low ball takeover.

Also given massive dilution and dlutive warrants outstanding limit to upside (imo)

Socrates

we all have to start somewhere and your knowledge and advice is much appreciated.But i always remember DMOR!!

Kind Regards G12

Pugugly & partridge

PTG has got plenty of cash at the moment.

Read all of this thread.

All

PLANESTATION GROUP PLC



For Immediate Release

06 february 2004
Major New Cargo Facilities At London Manston



A 2.5m investment is being made at London Manston Airport to create a major new cargo handling facility for foodstuffs from outside the European Union.

At a ground-breaking ceremony (6 February) Thanet Council leader Cllr Sandy Ezekiel launched work on the 3,200 square metre Border Inspection Post, which will be one of the largest facilities of this kind in the UK.

The BIP should be operational by the early summer of this year with design and construction being undertaken by Kent-based firms.

The BIP will provide full facilities for the quality control of imported food and enable the Department of the Environment Food and Rural Affairs (DEFRA) to carry out quality checks prior to its introduction into the food chain.

Airport Chief Executive Geoff Lansbury said the building of the BIP would open up significant new cargo markets for London Manston.

He said: “This is an essential move for the next stage of the commercial development of freight business at London Manston. We have already had considerable success with this part of our operation and the opening of the BIP will make the airport even more attractive to UK and overseas freight operators.”

Cllr Ezekiel welcomed further investment in facilities at London Manston and the commitment being shown to long-term development.

He said: “The growth of the airport’s freight business has already created new jobs in Thanet and this impressive new facility will be a real asset. We look forward to seeing London Manston Airport continue to grow and contribute to the prosperity of Thanet.”

The BIP is part of a major on-going programme of investment at the airport which has also recently seen the introduction of CCTV cameras, the upgrading of fencing, and the introduction of new automatic landing (ILS) facilities.

Geoff Lansbury added: “Industry interest in Manston is high and several aircraft operators are considering the development of aircraft maintenance facilities. These proposals are now being actively pursued following the obtaining of planning permission for two new hangars, which could take wide bodied jets.”

Talks are also currently underway with several operators for the provision of scheduled and charter passenger flights from London Manston.

For further information please contact:
Philip Bosley, PHB Public Relations, 01580 852500.

NOTE TO EDITORS
The BIP project team includes:

Architects
Blundell, Thompson, Hargreaves (Longfield, Kent)

Civil Engineers
Tully De’Ath (Forest Row, East Sussex)

Surveyors
Groves Associates (Tonbridge, Kent)

Main contractor
GSE Building & Civil Engineering (Ashford, Kent

If you access this site there are photos to be veiwed.

G12

Thanks G12

Advertising for firefighters in the fire mag, saying increasing airfield cat cover to cat 6. This could be for the passenger aircraft. dont think they would be employing more staff if something definate wasn't on the cards. Looks like time to top up before news breaks.

apple - the three key words in your comment are "at the moment". I have known about this business for over 10 years in its different guises, long before this thread started and only invested relatively recently (i.e after the fundraising). Management is now the critical factor and so far the omens look OK, but the scale of what they are trying to do is very significant, so don't be surprised if they come back to the shareholders for more cash at some stage!

Copy from another BB...Back page Thanet Gazette.....DYOR

2.5m unit opens up airport freight trade......

Work has begun on a new 2.5m cargo handl;ing facility at Manston airport. The BIP will be one of the biggest in the UK and allow Manston to handle imported food from around the world.
Officials from the Dept for Environment, Food and Rural affairs will be able to carry out quality checks. Currently only meat and fish from inside Europe can be offloaded at the airport.
Airport Cheif Exec lansbury said the 30,000 sq ft inspection post will open significant new cargo markets for Manston.
There is new legislation coming into place later this year that will say all frsh products will have to go through a BIP.
We will have the facilities here and it is going to help us attract new and high-quality business.
After the official ground breaking ceremony on friday council leader sandy Ezekiel was presented with a framed illustration of the new building.
'The council shares our view of wanting to see the development of the airport.The facility we are starting to build is a major development for London Manston.'We think that it is not only an important development, but a well thought out one too.'
Cllr Ezekiel said 'We obviously support the development of Manston, and look forward to its expansion.'
It is a key milestone today and I do feel on the whole that we will have a very successful airport and THE RESIDENTS OF THANET WILL BENEFIT TREMENDOUSLY.
Airport director Alastair Robertson said the BIP will create a big opportunity for Manston but admitted passenger flights were also a priority.
The BIP enhances the viability of the airport.
We need cargo to maintain the impetus of the development of the airport until we can bring passengers in. We clearly accept the fact that this should be a passenger airport.
Obviously the airline industry has had a major setback over the past three years and we have been close on a number of occasions but we have failed.
We are in re-newed talks with airline operators with a view to bringing passengers here. The talks were described as 'ongoing and positive'
We are talking to a number of tour operators including Cosmos.
The main thrust of the discussions with Cosmos are linked to our new airport in Florida.Florida flights from Manston could start later this year. It is possible it will be this summer, I certainly expect it to be next summer.
Anything this year is a bonus, our aim is 2005.
The BIP is part of a major investment programme which has also seen the introduction of CCTV and automatic landing facilities