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.

Also, this i have nicked from another board courtesy of rutbuster1

by Peter Barnett

THE first flight bound for Verona in Italy from Kent International Airport at Manston was a high-flying success.

The charter flight organised by Headline Travel, the Kent Messenger Group's own reader holiday service and Newmarket Promotions, attracted 145 passengers with many more turned away.

It is so popular that the second Italian charter scheduled for September is already full.

The group that flew out on June 27 had booked holidays in Lake Garda, Tuscany and Lido di Jesolo.

They enjoyed a taste of things to come when they enjoyed an Italian-themed reception with wine, snacks and tea and coffee courtesy of Headline Travel and Morelli's catering before setting off.

The airport has recently been re-vamped and now has an air-conditioned departure lounge with comfortable seating and a tax-free shop. There will also be a fully licensed restaurant and snack bar opened by September.

Phil O'Sullivan, commercial director for Newmarket, and Karen Knott, Headline Travel business manager were overwhelmed by the enthusiasm shown on the day for services out of Manston and hope that it is the first of many successful charters.

Passengers told the operators they were impressed with the level of service at the airport, the facilities, and how convenient it is to fly from east Kent.

* For the remainder this year, Headline Travel and Newmarket Air Holidays can offer readers a trip to Vienna's Christmas markets on December 17 for four days from 369, and Prague on October 16, for four days from 229.

In 2005 there are departures for Malta for three weeks on January 4 with prices from 299, and again for one week on March 8 from 249 and on the March 12 from 259.

The Island of Sicily tour departs on April 9 for a week from 439 and the 2005 charter for Verona is on May 15, once again providing holidays for Lido di Jesolo, Lake Garda and the Seven Cities of Italy with prices from 399 for a week.

Thanks Fundamentalist

Whenever something new hits peoples doorsteps locals always complain but normally councils have their own way if they want it a strong case will be needed for the plans to be refused.

hotrott

Yes, the lure of a vast non-domestic rate for a racrecourse is a powerful driver for approval.

Fairlop Waters is a distraction, I'm sure that PTG will offload it eventually.

Even if they give it away, it's not that important compared to Manston.

Anything that they get for it is a bonus & they could get quite a lot.

It was interesting to discover, that when I searched for low cost airlines that Eujet came up on the first page (alphabetical listings) and that a direct link is provided.

http://www.directory.co.uk/Airlines_Low_Cost.htm
Eujet- low air fares
over 20 destinations from Kent for as little as 7 plus tax
Sponsored by: http://www.eujet.com/

Good luck
Eddie

apple,
I`m with you on this. I do believe it will be sold once they have planning approvals sorted, even if those that buy it are looking to change usage to a more profitable developement

does anyone know if the planning was given the go ahead????

Nothing heard about the Liverpool site disposal. Statement promised in June from PTG.
Has it all gone top secret. "Not for shareholder information"

Expect that we will hear something with the results

Well results are out. Just had an initial read and nothing too surprising imo. Will post thoughts once fully digested

Results highlights:

Pre tax loss of 17m (12.8m last year)
51m raised during year via share placings
Manston cargo volumes up 31%
Board restructuring as previously announced
"Formal steps are being taken to remove Mr Iny and Mr Lansbury from the board"
Asset write downs relating to Fairlop and other smaller properties
Net interest reduced and to be greatly more so this yr
Costs cut by 46% (including rent)
Director salaries reduced by 49%

strategy appears to be to focus on the core airports and core properties (with implication that the properties will be disposed of over time)


Quotes:
From Johm Mackay (chairman)
The management team is aggressively implementing a programme of business development, at Manston in particular, and of non-core asset realisation. These, taken together will, I believe, form a strong basis for our Company's future development.

The scale and complexity of the Group's assets may necessitate inviting other
parties to consider joint ventures or partnerships. We will advise shareholders
of progress as and when developments take place.

With a firm strategy in place, a strong management team, and solid institutional backing, I believe that we can now look forward to re-energising and rebuilding a successful business. We have every confidence in the Group and look forward to delivering sustainable growth in the future.

From Martin May (CEO)

I believe the key to the success of PlaneStation is to focus on its strengths and to build a foundation that provides both financial security for the Group as well as a solid platform for growth. Although we have achieved much in the last few months, we still have a lot to do. I am optimistic about the future prospects for the Group and look forward with confidence

Following on from the review of our airport assets, it is clear that the
strategy of the Group is best served by concentrating on those assets that are
core, those that will create real and significant value for shareholders. The
Group's core airport assets include Kent International Airport at Manston, Lahr
in Germany and Melbourne in the USA.

Following on from the review of our property assets it is clear that the
strategy of the Group is best served by concentrating on those assets that are
core, those that will create real and significant value for shareholders.

re LFG:
We have concluded that this is best served by selling the site to a residential developer. Although the exclusivity period granted to the Langtree Group has now expired, the negotiations for the sale are well advanced.

re: Burford
In due course we will be submitting plans for residential development but we anticipate the process could take several years.

Non-core property assets include sites in Lincoln, Redworth and Hellaby. These
properties will be actively marketed and disposed of as soon as practicable.

Shares have been marked down 0.25p. NMS appears to be 50k sell and 250k buy!!!

ooops the eagle has been shot down!!

The mark down, in my opinion, results from a number of causes:

1. Sellers who thought that the results would show a drastic improvement. I cant see why they would have thought that since the revenue earning activities don't really start until September.

2. Shorters. Bound to be a few taking a gamble.

3. Market Makers up to their ususal tricks.

4. Investors taking advantage of the results effect hoping to buy in at a lower price.

There are probably more, some people may be worried about the new Hungary venture.

Nothing encouraging here. I took my loot @ 6.6p some while ago and if I was still in I wouldn't be for long. Not saying it won't be a good trading chance in the future though.

optomistic
Do you fall into the No. 1 category then?

No Socs I sold 18th June they looked to me to be topping out around there, looks like I got it right for once.

Nice one Opto. I'm in long term but I would do a trade if the time looked right.

Results were never going to be brilliant so...MMs / investors looking to buy in at low prices. Wouldn't be surprised to see this one go down a bit further. Wouldn't be surprised to see big buyers coming in later today, It'll start picking up again - no problem ! particualrly if Matin May buys and news on the Liverpool site is released in the coming weeks..(IMHO) :)

The fall has triggered my stop loss so I'm out.

The results caught me by surprise, when was it announced that they would be out today?