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.

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

Taken from ADVFN......DYOR

The Movement up today : How about this - I have not seen mention of it anywhere else : The Times Of India

Plane Truths

[ WEDNESDAY, FEBRUARY 04, 2004 12:00:24 AM ]

Lured by 'Shining India', an airports group mission from Britain was in the Capital recently to explore investment opportunities here. John Jones , Senior European Coordinator, PlaneStation Group Plc, speaks to Narayani Ganesh about investing in "one of the fastest growing economies in the world today".


What was the thrust of your meeting with the civil aviation minister, Rajiv Pratap Rudy?


Looking at the climate of privatisation in India , PlaneStation and other aviation experts decided it was a good time to explore investment opportunities here. The civil aviation minister was receptive to the idea of developing airports in the country.


He is pushing hard for foreign participation in the Mumbai and Delhi airports, first. This is our first visit to India and we are looking forward to finding suitable partners for developing regional airports here.


What do you mean by co-development of airport projects?


We are interested in opening major regional airports in the area we'll put our money into it and depending on the legal shape of the arrangement, we can go in for either absolute ownership, lease, or partnership with the state or parties concerned. In short, we're interested in co-development.


We'll generate traffic and ensure that much of the economic benefit goes to the region. PlaneStation acquires, develops and operates airports. The company redevelops existing airports that have often been military sites or are under-performing.

These form part of a growing world network of regional airports called PlaneStations, which provide a focus for regional development sought by government, local authorities, business and communities in the regions concerned. Our projects are normally long-term.


How many airports do you operate?

We have one in England at Manston (we bought and converted a military airport), close to London , two in Germany , one in Italy and many more are in various stages of execution. As you know, all airports in Britain were completely privatised in 1987. The BAA, the biggest private company, runs Gatwick and Heathrow.


Why should we turn to you to develop our airports?

We have 17 years' experience in operating private airports. Each project requires a separate response, according to the circumstance. And we've learnt how to resolve mistakes.

Our most successful endeavour has been the airport at Manston , Kent , which opened in 1999. The entire region has benefited from the airport food processing, vegetable farming, fruit and flower cultivation, all these have got a boost as producers are now able to look at the lucrative export market.

London by itself is a huge market. A lot of cargo gets transported in and out and we are going to open a new route to Florida , for holidaymakers. We grow routes besides using regular routes. We facilitate passenger traffic, freight movement, relief operations...

We're a transnational group and we move expertise from one country to another, so we have the advantage of economies of scale. Passenger traffic is on the rise and the airport industry on a growth curve.

The annual passenger growth figure in North America and Europe is 8 per cent. In the London region alone, the passenger traffic is 115 million, annually. This is besides the tens of millions who pass through other airports like Manchester and Liverpool . We have to allow the market to supply the solution...


What is the source of your funding?


In the beginning of January we raised 46.3 million pounds from share issues. But for developing airports, we don't dip into the issue capital; we go in for bank loans.

We provide an alternative networking of regional airports supporting development of freight, international passenger traffic and the emphasis in England is on the international aspect whereas in India , it is a different story. Your country is so huge and the domestic market in itself is big.



Why India ? Why not China ?

India and China are among the fast-est growing economies in the world today. We are beginning with India because we have seen that the climate is suitable for privatisation of airports. Moreover, we have cultural traditions... and the language helps...


India is huge, as you have said so yourself. So would you try to open regional airports in far-flung areas in the north-east, for example?

As private airport operators, we naturally are mindful of the prospects for profitability and viability. We have done this in Germany where the area we operate in receives EU grants-in-aid.

We would certainly look at the possibilities if grants are available as we are indeed committed to regional development. Income accrual from utilisation of land as business parks next to airports is quite good and there are other spin-off activities like cargo maintenance, and other businesses that spring up close to airports like hotels and conference centres.

The question is one of owning and zoning... India is a key new market, especially to promote trade between India and Europe and the Americas .

What about airport security, post-9/11? Who trains your staff?
Our security systems are world-class. We build demand-led airports and we pay a great deal of attention to getting the right workforce. We sponsor students to do degrees in airport management and then employ and train them further.,,,,,,,,,,

again i hold some shares in this company ,but however i still am not holding my breath with this company,if there is any rise what so ever i my selling all my 17,000 shares???????????????????/

llewellyn
sell them to me for 4p