Taking Stock

Market Report

Wiggins, the property developer, held at 12.75p. Stockbroker Peel Hunt is keen on the shares. Analyst Chris Radmore sees profits climbing from pounds 4.9m to pounds 8m and then hitting pounds 11m. Besides a range of property developments Wiggins has the civilian rights to Manston Airport in Kent and is bidding for the entire 700 acre Manston site which is being sold by the Ministry of Defence. The shares have climbed from 8.75p last year.

Ronson, the luxury goods group, had another firm session, gaining 2.5p to 12p. The shares have doubled since stories started to circulate that Victor Kiam, the man famed for liking Remington shavers so much he bought the company, will move in as chairman. Ronson is in the process of a cash raising exercise with its US shareholder expected to play an important role. The shares were 23.5p last year and 65.5p four years ago