Metro Baltic Share Discussion Threads

[bbr391] 08/12/2012 11:32

Where did our cash go ?

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Militello NAV £6-15 million
Metro Capital NAV £45 million
Krik NAV £2.3 million
Genex NAV £1.78 million
Business School,Black Box,Laurus & Focus .Are hard to determine.

And these are just a few of our subsidiaries : more research required.
Come on Barnaby (more work).

Total found thus far = £59 million.

Maybe I should join the team ?

Come on Ronan,get them into court.

gla concerned (except the bad list )

[bbr391] 05/12/2012 09:32

It`s disappointing to see so few investors in this case.
It`s an almost guaranteed win.
Admission of guilt (buying 25% of the company).Clever tactics.
One can only wish all concerned.Even the old board Mart and friends well.
And hopefully a speedy negotiated settlement of a chaotic situation.
Not helped by market forces and underhand tactics.

gla concerned

[bbr391] 28/11/2012 13:29

Jones Day


• Advising Metro Baltic Horizons Plc, an AIM-listed property
investment fund incorporated in the Isle of Man, in connection with Isle of man proceedings against its previous
directors, investment manager, investment advisor and
other professional advisors.


Highly efficient and reputable firm.
Let`s hope unlike the old directors.

Full summary available on iii

gla concerned

[bbr391] 28/11/2012 13:07

Ronan and the boys,

Good Luck. with the upcoming court case and be very careful dotting the i`s, in future.
One hopes for a fruitful outcome.

gla concerned

[bbr391] 28/11/2012 12:54

Interesting.
The only way is up.
Come on our legal team.
Expecting at least 21p from this mess.

gla concerned

[double6] 03/8/2011 20:13

NAV 35p ... share price 5.5p ??

[lbo] 24/9/2010 13:23

The extent of economic collapse in Latvia is shocking even to an Irish observer

[lbo] 03/9/2010 10:13

Profits in Desmond's Latvian bank plummet by 66pc

[lbo] 03/2/2010 12:48

Rietumu Banka, the Latvian bank in which financier Dermot Desmond has a 33pc stake, posted a more than 50pc decline in profit to €13m last year as the Baltic state's economy teetered on the brink of collapse.

Rietumu Banka, the Latvian bank in which financier Dermot Desmond has a 33pc stake, posted a more than 50pc decline in profit to €13m last year as the Baltic state's economy teetered on the brink of collapse.

[grupo guitarlumber] 02/2/2010 14:50

Jason ocean mission secures funds
By Jonathan Amos
Science correspondent, BBC News

Europe has committed to build the next Jason altimeter spacecraft to monitor the behaviour of the world's oceans.

The decision should guarantee the continuation of a remarkable 18-year record of sea-surface shape until late in the decade.

It is the Jason series that has traced the recent steady rise in global sea level by about 3mm per year.

The data has become invaluable to oceanographers, weather forecasters and climatologists.

Eumetsat, which looks after Europe's meteorological satellites, has indicated that its member states will now meet their 25% share of the 252m-euro ($380m; £228m) project.

Most of the rest of the mission cost is being borne by the US and France, with the latter providing the spacecraft bus, or chassis, through Thales Alenia Space.

Jason-3 should launch in 2013, allowing time to cross-check its data in orbit with the current Jason-2 observatory. Only by flying the pair in tandem for a period of months can scientists minimise calibration errors between the two satellites' datasets.

Deep insight

Knowing ocean surface elevation has many and varied applications, both short-term and long-term.

Just as surface air pressure reveals what the atmosphere is doing up above, so ocean height will betray details about the behaviour of water down below.

The data gives clues to temperature and salinity. When combined with gravity information, it will also indicate current direction and speed.

The oceans store vast amounts of heat from the Sun; and how they move that energy around the globe and interact with the atmosphere are what drive key elements of our weather and the climate system.

One of Jason's key roles right now is to monitor the progress of the El Nino phenomenon, which sees an eastward shift in warm water across the central Pacific Ocean.

The movement is evident to Jason in an anomalous rise in sea surface height of a metre or more as the changes in temperature make the ocean bulge.

El Nino has a profound influence on global weather systems, altering - often quite dramatically - precipitation patterns.

Clear trends

Although a number of space altimetry missions are now flying, it is Jason that provides the global reference against which all other ocean topography datasets are matched.

The concern in the Earth observation community was that the global financial crisis might limit European nations' ability to fund Jason-3.

The EU, the European Space Agency and Eumetsat all have the goal to use space to obtain the "essential climate variables" - to acquire the key pieces of information that reveal the true state of the planet.

This requires that satellites gather continuous, cross-calibrated, long-term datasets.

With the initiation of Jason-3, there is a good chance that the ocean topography sequence started in 1992 will now be maintained.

In addition, agencies have already started discussions about a "Jason Continuity" mission; a Jason-4, in essence. This would probably see an altimeter put on a spacecraft bus similar to the one being used on the forthcoming Cryosat mission.

Cryosat is set to launch at the end of this month to gather information about the state of the Earth's ice fields.

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Story from BBC NEWS:


Published: 2010/02/02 12:06:38 GMT

[lbo] 29/1/2010 20:25

Eurozone unemployment


The highest increases were registered in Latvia (11.3% to 22.8%), Estonia (6.5% to 15.2% between the third quarters of 2008 and 2009) and Lithuania (6.5% to 14.6% between the third quarters of 2008 and 2009).

[waldron] 16/1/2010 16:39

Met Office rethink on forecasts
By Roger Harrabin
Environment analyst, BBC News

The UK Met Office is debating what to do with its long-term and seasonal forecasting after criticism for failing to predict extreme weather.

Some experts say the Met Office should stop longer-term forecasting because it damages the organisation's reputation.

Others maintain that communication of the forecasts must be improved.

The Met Office has been criticised for failing to predict in its seasonal forecasts the UK would suffer this cold winter or the last three wet summers.

After being rapped for its now notorious "barbecue summer" press release, the winter forecast was expressed in probabilistic terms, with a 66% likelihood that the winter would be warmer than average and a one in seven chance that it would be colder.

The Met Office has now admitted to BBC News that its annual global mean forecast predicted temperatures higher than actual temperatures for nine years out of the last 10.

This "warming bias" is very small - just 0.05C. And the Met Office points out that the variance between the forecast and the actual temperature is within its own stated margins of error.

" These annual forecasts are not awful - they accurately predicted two of the cooler years, for instance. But they are not great, either "
Professor Andrew Watson, UEA

Professor Chris Folland from the Met Office said a re-analysis of weather science might even show that the actual temperature measurements have under-recorded recent warming - making the Met Office forecast even more accurate than it appears.

But some scientists contacted by BBC News say the organisation needs to discover why there is a consistent bias towards warming, however slight.

Andrew Watson, a Royal Society environment fellow from the University of East Anglia's school of environmental sciences, said: "These annual forecasts are not awful - they accurately predicted two of the cooler years, for instance. But they are not great, either.

"The warming bias is admittedly very small - but the Met Office has to address why it is there. It will certainly be very difficult to get rid of - they can't just knock a bit off their forecast - that would be totally unscientific."

Rain or shine?

Professor Watson said the warming bias - first mooted on Paul Hudson's BBC weather blog - should not affect trust in the Met Office's climate projections, which are based on a different methodology.

But he said the medium-term projections were undermining public faith in the Met Office overall.

"I don't know why the Met Office bothers with these annual forecasts - [these forecasts] have a very low reputation in meteorology and climatology. No one really believes them anyway. They should just stop doing them," he said.

The climate scientist Mike Hulme - respected in many quarters of the climate debate - agreed on the need for change.

"These sorts of seasonal forecasts are of dubious value to the public," Professor Hulme, also of UEA, explained.

"It would probably be much better if the Met Office didn't attempt to persuade the public that it can forecast annual temperature to two decimal places given uncertainties in forecasting and in the measurements themselves," he said.

Long and short of it

But Professor Stephen Mobbs, director of the National Centre for Atmospheric Science at Leeds University, said the warming bias in the annual prediction was a red herring.

"All models have biases and these are very small. It may be, as the Met Office suggests, that the observations are wrong, not the model."

But Professor Mobbs criticised the Met Office's communication of its forecasts. "The Met Office is a truly world-class organisation - we are lucky to have it," he said.

The University of Leeds researcher added: "They need to say that these longer-term forecasts are experimental and not use ridiculous phrases like 'barbecue summer' dreamed up by the communications people."

"When you see Met Office people on TV now they have a look of panic - and they dig themselves deeper into a hole. The short term forecasts are excellent. They should say the longer-term ones are highly uncertain, then keep modifying them.

"For some reason, the Met Office isn't telling the public what it knows about the weather for the next week - and what we ourselves can tell from looking at the Met Office data."

Weather and climate

Professor Mobbs agreed that the experimental nature of annual forecasting should not undermine climate forecasting.

'If you run the (computer) model one year it might not come out right but over 50-100 years you will be able to predict that the climate is getting warmer on average but not if, say, 2031 will be a warmer or a colder year.'

Some staff at the Met Office itself are angry that seasonal forecasting is damaging its reputation. Sources confirm that the organisation is debating how to react to public criticism on the issue.

In recent years the Met Office has increasingly expressed its forecasts in probabilistic language, hedged with error bars.

But Matt Huddlestone, who deals with public understanding at the Met Office, told me that the media constantly over-simplified the forecasts to remove the probabilities. "I actually think the public are capable of understanding probabilities much more than some of the papers think," he said.

Others see the problem as one of forecasting rather than communication. Piers Corbyn, the independent weather forecaster, predicted the winter cold many months ago, to the surprise of many meteorologists. He says the Met Office failed to warn of extreme events in their seasonal forecasts because they are employing a computer model based on the assumption of man-made climate change.

Public confidence

But the Met Office's seasonal and annual forecasts rely partly on statistical projections, not just computer modelling.

And many other meteorologists mistrust Mr Corbyn himself because he refuses to publish his scientific methods. I have been asking him for several months to offer independent corroboration of his forecasting successes but none has been supplied.

Some other forecasters say he has major forecasting successes but equally large failures which he does not mention.

This correspondent has been discussing with the Royal Statistical Society, the Royal Meteorological Society and the Public Weather Service whether an index can be created comparing the records of all reputable forecasters making weather projections in the UK.

A weather index could allow the public to see over the years who is really getting it right over long-term weather.

In the meantime, the Met Office has to make difficult decisions. Some commentators say that if they stay in the long-term weather game and trip up again, they may be pilloried. If they withdraw, they may be accused of losing faith in their methodology - and public confidence in science could be eroded - whether that is fair or not.

Many researchers are likely to feel that they are damned if do and damned if they don't.

Story from BBC NEWS:


Published: 2010/01/16 14:15:48 GMT

[lbo] 24/11/2009 00:33

Latvian bank gets judgment for €2.3m against businessman

[grupo guitarlumber] 02/11/2009 10:18

Scientists bring snow to Beijing
Chinese meteorologists have brought about Beijing's earliest snowfall in a decade, after seeding rain clouds with silver iodide to ease a drought.

The Weather Modification Office had sprayed clouds with 186 doses of the chemical to bring rain for the wheat crop, the Beijing Evening News said.

But the arrival of a cold front caused heavy snow to fall, disrupting road, rail and air travel.

Cloud seeding is often used in China to bring on rain.

The country's north is prone to droughts, while the south is often flooded.

In Anhui province, which has been having a drought since September, there was 4cm (1.5in) of rainfall at the weekend.

Much of the country's farming still relies on rainfall as many of its communities have a poor irrigation system.

In February, the authorities created artificial snowfalls over Beijing in an attempt to alleviate the dry conditions.

In addition to cloud seeding, the government is building a huge network of tunnels and waterways that will funnel water from the south to the north, but the project is still five years from completion.



You can also send us your pictures and videos of Beijing in the snow to [e-mail] or text them to [phone] . If you have a large file you can upload here.

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Story from BBC NEWS:


Published: 2009/11/02 09:02:22 GMT

[stuart14] 29/10/2009 12:42

Sorry to hear that mate. Wierd though. Float a Co, do nothing at all and watch it drop relentlessly?

Can they meet their debt obligations?

[mall0rca 9] 29/10/2009 09:58

Stuart they have done nothing except to create a huge loss for me