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.

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

Planestation FY losses widen on lack of property disposals


LONDON (AFX) - Planestation Group PLC reported a widening in its post-exceptional pretax losses during a full year to March which the company described as a turning point for PlaneStation.

It said it is now "better placed financially, structurally and strategically" to move forward.

It reported a pretax loss after exceptional charges of 17.0 mln stg compared with 12.8 mln, on turnover of 12.2 mln stg compared with 38.1 mln.

It said the increased losses were due to the absence of property disposals in the current year and a number of one-off charges.

Property sales were just 1.8 mln in this financial year compared with 32.1 mln in 2002/03 and this resulted in a property operating loss of 8.1 mln stg in the current financial year.

The company also said it may seek other parties to consider joint ventures or partnerships.

newsdesk@afxnews.com

hlyeo98

That info was out a couple of weeks ago, any idea why the drop today?

optomistic
Actually it's small website small business, they own 3 planes apparently, Two AN12's and a DC8. Real old bangers those AN12's, wonderful beasties, here have a look:

http://www.oldprops.f9.co.uk/Antonov%20An12.htm

Socs you have now shattered my view of UAL. I was firmly convinced that a company from that part of the world would be well equiped and moving large quantities of freight.
AN12's and a ........DC8 is that a Dakota? if it is I didn't realise they were still flying 'over the water'
Ah well looks like I will have to wait a while longer before I get my beamer.
Point to note the DC8 will be airbourne before you get to your top speed, so don't forget to keep your flaps
in neutral :-))

optomistic
I think you are talking about the DC3 Dakota, this is a DC8:

http://www.zap16.com/civ%20fact/civ%20mcd%20dc-8.htm

Thank you Socrates, that one looks much different to the one I had in mind!!

The (renewed) application for the racecourse has been published on the Redbridge Council Website.
I have copied the listing and a link below.
Now dont get carried away Im not saying the racecourse plans have been approved (not yet but when they are approved you will hear me shout about it).
But I am definitely saying that the (revised) plans will be re-considered by the council.
Good luck
Eddie


App.No:
1800/04
Location:
Fairlop Waters Country Park, Forest Road, Fairlop Plain, Hainault
Redevelopment of the land at Fairlop Waters to provide an all weather racecourse, stables and grandstand (the latter to include
space for ancillary facilities for health & fitness uses, relocation of the existing children's play centre, lakeside restaurant and
bar use plus accommodation for media equipment and bicycle storage). Golf driving range and existing boatyard uses to be retained and relocated. Other existing uses comprising cycle track, sailing club, sailing lake, fishing lake and Country Park are to retained. The proposals also comprise alterations to the public highway for pedestrians and vehicles, parking for cars and coaches, internal estate roads and landscaping.
Copies of plans can be viewed at: FULLWELL CROSS LIBRARY

Deposit Date:
14-Jul-2004
Ward
Aldborough

Applicant:
Planestation Group PLC
35, Berkeley Square,
London.
W1X 5DA
http://www.redbridge.gov.uk/files/publications/2884.pdf

A very informative post as always.

Many thanks Eddie!

Clickable link
http://www.redbridge.gov.uk/files/publications/2884.pdf

PTG seemed to be on the way up slowly, but now drifting down again.
Any one have any views on this comment?
From the Mail on SUnday; PLANESTATION (state-owned airlines in eastern Europe vying to use Kent International Airport, according to Martin May, the new chief executive of airport owner Planestation)

Regards

PTH

PTH

An interesting development if it proves to be true. IMO any volume of traffic for manston in the short term has to be good news.

With regards to your oher thread - BBs the double edged sword, this share is a classic example of people with other agendas. I am not referring to this board where i believe all postrs are genuine investors but on ADVFN where you have 3 types of posters: recent investors, long term investors of when it was Wiggins, most of who have lost a lot of money and people who live close to the airport and hence want the company to fail as they dont want to live on the flight path. If you are thinking of investing in PTG there is a lot of history from the old Wiggins days, through the refinancing and then the ousting of CEO Oliver Iny to he recent deal with EUJet. Currently the company is undergoing a lot of change and is very difficult to value fundamentally. Putting a value on some of the assets (airports, LFG, london city etc) is very difficult and the company is currently still loss making and buning cash, which will need to be offset with asset sales (LFG should hopefully be completed soon). The strategy of May is still not overly clear and the dismissal of Iny still needs to be fully ratified.

I invested when the shares were about 4p on the basis of undervalued assets and continue to hold as I still feel they are undervalued in the long term. The success of manston is going to be key to turning the company profitable and this will be a huge challenge, though if successful will see a huge increase in the shareprice.

Hope this quick summary is of help to you but as usual DYOR, especially with this share!

Fundamentalist

Many thanks for your view, I bought PTG a while ago at just under 5p, I had made my mind up to sell sooner rather than later as I cannot see the SP rising in the short term, although long term may be a different story. I'll wait and see what happens tomorrow and decide then. I can perhaps but back in later.

Thanks again

regards

PTH

The Martin May comments were from the Mail on Sunday

PLANESTATION (state-owned airlines in eastern Europe vying to use Kent International Airport, according to Martin May, the new chief executive of airport owner Planestation)

Taken from the Isle of Thanet Gazette p14.

MANSTON FLIGHTS SELL OUT A MONTH IN ADVANCE

Flights from Manston airport with EUjet are selling fast, with some already sold out.
Spanish destinations and Dublin are providing the hottest among passengers, with a number od dates fully booked.
other destinations such as Amsterdam and Prague are near to capacity.
With just under four weeks until the first flight takes off, Manston is preparing for the influx of passengers.
The new car park opposite the main terminal is almost finished and the departure loung and bagage reclaim have been refurbished ready for the thousands of travellers who will pass through the airport.
EUjet will begin with 20 flights a day, rising to 30 in October and 45 by March.
Managing director of EU jet's UK operations Mike Halper said: "Some flights are doing better than others. The earlier you book the cheaper the flights are...We are well ahead of our target and everything is prepared. The first week is pretty full generally."
EUjet's maiden flight leaves Manston for Dublin on 1 September. The first cabin crew trained by EUjet is to graduate from its course in the next few days. The airline has employed 60 stewardesses and stewards to look after passengers travelling to destinations such as Dublin, Malaga and Amsterdam.
Mr Halper said:"We are running three courses and the first two are for people with no experience of airlines. They are mainly local people from Thanet and Canterbury."
People will be able to buy tax-free products from the in-flight boutique. Mr Halper said:"We see ourselves as Kent's airline. We are getting support from the people of Kent and that's all we can ask for."
He warned people to book now for flights at Christmas.

Note
I've not seen this article myself but the poster on another BB is normally very reliable.

Socco

Thanks Socco!

Taken from Kent Business online, this is a popular airport to fly from.

http://www.kent-online.co.uk/business/news.asp?article_id=15994

hotrott

Do you know the date of that article?

Thanks.

Hi apple
Yes it was 2nd August

Thanks