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.

Where is PTG now?

Now that we have all seen the recent results. Where is PTG going?

Lets start with LFG, (an 84 year (or lifelong) lease)
We all know its up for sale-
According to the results, the negotiations for the sale are well advanced and will be sold at some profit to PTG how much profit is the question.

From the statement,

Fairlop Waters - Redbridge
PlaneStation originally submitted proposals for a racecourse on the 345-acre site. Although the inspector approved the application, it was rejected by the Secretary of State due to the scale of the grandstand and the impact it would have on the Green Belt. As announced in June this year, a revised application addressing these issues has now been submitted and we are confident of a positive outcome.


Burford,
In my opinion, Burford will be kept in the portfolio because of the huge potential involved in housing development in the oxford area. Oxfordshire is extremely short of housing. Planning permission is difficult but not unreasonable. This is like having money in the bank. ???

Other UK properties,
These present lesser value properties and I think they will be sold as and when the company can do so.

Kent International Airport (KIA).
Hopefully, the BIP will very soon see an increase in freight throughput. (This single entity was expected to see the airport break-even).
KIA is about to see the arrival of passengers for the EUJet flights. Many opponents and anti airport posters/protesters would have us believe that KIA will loose money in dealing with these passengers.
OK look at it this way as the passenger numbers grow- KIA/PTG gains more in car park revenue.
KIA/PTG owns the car park.
Also as KIA/PTG owns the terminal,
KIA/PTG gains in rental income from any of the resident businesses that rent space inside the airport.
Be this from food/shopping outlets to car rental companies etc.


Now also look at the details of the EUJet deal, others on this and other boards have said that EUJet have a favourable deal regarding fuel and landing fees. I dont know where they have seen this and I certainly refute that any favourable deal has been publicised.

At the very least the EUJet deal is the first deal with a passenger airline that will use KIA.
This deal does not stop any other airline using KIA. This deal may in fact encourage other airlines to use KIA.
PTG is part owner of EUJet so PTG will undoubtedly share in the success of EUJet.
With the BIP and the passenger numbers then the airport should show a profit in the near future.


Orlando and Lahr are quoted as now being core airports, for these airports to be quoted as core I foresee that there must be a possibility of regular flights between these airports, if only to make the core distinction.
The other airports.
Parchim, Pislen and Borgond airports will I would hope become core in the long term. In the meantime they will I hope grow through charter and freight use.
Good luck
Eddie

Eddie

thanks, a most comprehensive post.

one point to add - planning at Burford will be exceptionally difficult and the council is one of the worst to deal with in these regards (I have worked for a housebuilder in Oxfordshire for several years). The location is good but the allocations are made within the local plan and the majority of development is focussed around Didcot still - I feel this one may take a long time to come to fruition.

Looks like someone selling PTG bigtime. Seems an odd time to do it, what with EUjet saying sales are ahead of expectations. A successful Manston will completely change perceptions of PTG and the shareprice will rise accordingly IMO.

Eddie is right in that if EUjet is seen to be making a go of it at Manston, other air operators will follow. It just needs to be demonstrated that passengers are prepared to fly from there and the cost savings for operators will be irresistable.

Here's interesting isn't it, look you:

http://www.kentinternationalairport.com/

Was thinking of going to Girona for a few days, 16/9 - 20/9. Two adults with Ryanair 199.48, with EUjet 130.30.

As I live in Kent I guess I will use EUJet

This share doesn't seem to move these days.

It used to move almost every day.

Share price stalled...waiting for further news, announcements etc., before resuming take-off ! (I hope !) (imho) Markets are quiet anyway.

Seems like something is going on here. The MMs have soaked up alot of sells recently and have now ticked the price up without any buys.

Rumoured on another BB to be an undisclosed property sale!

yes.. strange....but I'm not complaining !

22 million cross trade just before the bell, what's that all about?

Just about to post the same - would be nice to know!!!!

Sorry!

One crossing and 2 late trades of 22m all at 6.15p - any thoughts ?

Orson - are you saying sorry because you sold 22m shares?

No, no, just for having edited some wrong thoughts I posted originally a few moments before.

I think we have just a buy of exactly 22 mln at 6.15p, worked over some considerable time (days, at least - explains the mopping-up). Obtained by the buyer from a MM who has been on the offer throughout, who - by prior arrangement - has acquired them from a MM who has been on the bid throughout.
Mmmmmm.

But what is this 16:09 trade in the warrants - 24mln + @ 0.80p? Not in Cum Vol and not reported on other feeds?

Come back into PTG this morning, and now oh heck someone has just sold 5 million, perhaps he has made an error of judgement!! couldn't be me (famous last words) the price has held firm perhaps someone is soaking up the stock here. Quiet on the news front lately, should be something about Liverpool soon, it is overdue.

My trade not recorded in the 'trades'. Broker must be either taking a position or matching orders, either way it shows that the trades recorded do not always reflect a true picture. Not that my trade will make any difference!!

News on the BIP:

http://www.kentonline.co.uk/business/news.asp?article_id=15733

Socs, thanks for the news, as you are aware when the BIP is open and active then cargo throughput will increase significantly, after that its the passengers that are needed, hope they don't get too tied up in racecourse developments,(not the passengers) that could IMO become somewhat of a distraction. Has any indication been given as to the opening of the BIP and have you heard any more about the Liverpool disposal?
Unrelated subject but did you receive my email re stock selection?

Optomistic
What I found most interesting was the piece about the new customer, United Arabian Airlines, that may lead to more opportunities because of their links with other carriers. They have a small website:

http://www.uaa.com/

Small website, large business, could be a major move forward for PTG and explain some stock firmness this week.
Notice that the sells were soaked up nicely, dealers lowered the bid towards the end but kept the offer high. I take that as being quite positive, may have read that wrong, if so would be pleased to read any other views.
opto