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Archive for November, 2011

(The new properties added in October 2011, click to enlarge)

NAMA has today published its now regular monthly list of properties subjected to foreclosure action. The full list is here, the list of new properties added is here, and you will find previous editions of the monthly list which was first launched in July 2011, here.

You should read the full list of NAMA’s terms for accessing the lists here. But in summary, this is what you’re looking at:

(1) Real estate property subject to loans in NAMA to which receivers have been appointed. The receiver’s website is shown against each property.

(2) This is all the real estate foreclosed sorted by country, and then region.

(3) Not all of the property may be for sale.

(4) Contact the receiver with enquiries or expressions of interest in the first instance. Only pester NAMA if you’re not getting any response from the receiver and make allowances that receivers will be busy with queries, particularly after a new release of foreclosed property.

(5) If you think there are mistakes on the list, contact NAMA.

What’s new? The properties to which receivers were appointed during October includes residential, development, retail, office, agricultural and industrial assets, in addition to a number of public houses in Dublin and Belfast. The list contains a substantial number of properties in Northern Ireland and Britain, including an office building in the Gasworks in Belfast and the Vantage Business Park site near London. The list includes 105 properties which have just been added. These include 57 to which receivers were appointed during October. In another 48 cases, receivers had already been appointed prior to acquisition of the loans by NAMA in October. The total number of properties now listed is 1,040 (some of which are multiple properties such as apartment blocks)

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The fourth Allsop Space auction is being held in the Shelbourne Hotel in Dublin today. A total of 109 properties will be available on the day, three having been withdrawn beforehand from the original 112-lot catalogue (available here). The auction is understood to be the biggest property auction ever in Ireland by reference to the number of lots coming up for sale. The maximum reserves for the 109 properties total €9.98m which is lower than previous Allsop Space auctions reflecting the nature of the lots, and possibly more aggressive valuations following the surprise at the number of unsold properties at the last Allsop Space auction in September 2011 (results and analysis here).

This is an interim blogpost at 1pm after 37 lots were offered. There will be a final blogpost once the auction has ended later today – I’d guess the auction will finish at around 5pm.

The auction room at the Shelbourne Hotel on St Stephen’s Green was packed again with punters and gawkers overflowing onto the stairs and ante-rooms. The mood was business-like, the novelty and mania that accompanied the first Allsop Space auction in April 2011 (results and analysis here) have long disappeared and it as if we have been used to the spectacle of Allsop Space auctions for years. The pre-marketing, transparency and conduct of proceedings on the day with live video streaming, results and online bidding have certainly shaken up the Irish property auctioning business.

So in overall terms at this interim stage, 37 lots were offered for sale, with two lots that appeared in the original catalogue withdrawn. Four lots out of the 37 were unsold with the maximum bid not reaching the reserve, in some cases by just €1,000. Of the 33 lots that did sell, the maximum reserves totalled €3,085,500 and the sale prices totalled €3,943,000 which was 27.8% above the maximum reserves. Here’s the interim detail

(Click to Enlarge)

The concluding results and analysis will appear here later.

UPDATE: 30th November 2011. The auction concluded just before 5pm. All in all, the Allsop Space team delivered another well-run auction. Of the 112 properties in the original catalogue, four were withdrawn and weren’t offered for sale. 12 went unsold after bidding had finished, but two lots – numbers 44 and 88 – subsequently sold. Based on the 12 lots that went unsold after bidding had finished, Allsop Space achieved an 89% success rate, which is very impressive indeed considering the number of lots involved in what is understood to be Ireland’s biggest ever property auction. The 96 lots that sold achieved prices which in were in total 28.3% higher than the advertised maximum reserves. The success rate is better than the September 2011 auction. The prices achieved overall – there were exceptions – seemed to me to point to a further weakening in what were fire sale prices and pointed to declines from peak asking prices of around 65-70%.. There will be more analysis tomorrow.

(Click to enlarge)

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Breaking news this evening that the 5-star Ashford Hotel in Cong, Mayo (the website appears to be down this evening) has been placed into receivership; both RTE and TV3 report that Luke Charleton and David Hughes of Ernst and Young have been appointed as receivers.

The hotel is understood to be still controlled by NAMA Top 10 developer, Gerry Barrett. Accounts for the hotel’s holding company, Ashford Castle Estate Limited, for 2008 and 2009 showed a loss of €39m for the two years, of which €35m related to a writedown in assets, mainly the hotel itself. The company was controlled by Gerry Barrett and his wife Catherine.

The receivers are keen to emphasise that the hotel is trading as normal, an important consideration ahead of the traditionally lucrative Christmas season. Deposits already paid will be fully honoured according to the receivers, there will be no job losses – it is understood the hotel employs nearly 150 people – and “suppliers will be retained”; no word on what happens with unsecured debts owing to suppliers however.

It is not clear if the receivership is at the behest of NAMA, and NAMA has not yet commented on the reports. Gerry Barrett is associated with a slew of hotels in Ireland including the “D Hotel” in Drogheda, the Meyrick and “G Hotel” in Galway, the Grand Canal Dock hotel in Dublin and Jury’s Hotel in Limerick. Last month, the Irish Times reported that NAMA was set to agree the sale of Dublin’s Hatch Hall development, the sale was being handled by agents Douglas Newman Good Commercial on behalf of Gerry Barrett and his main vehicle Edward Holdings.

UPDATE: 29th November, 2011. NAMA has responded to say that this receivership is not at its behest. There are some 80 hotels out of over 900 in the State which are subject to NAMA loans, and NAMA has taken foreclosure action on only a fraction of these 80. It is understood that Bank of Scotland (Ireland) was the biggest lender to the Irish hotel sector, but that doesn’t stop the routine confusion over any Irish hotel in receivership being assumed to be in NAMA, for example the Parknasilla Hotel in Kerry associated with NAMA Top 10 developer Bernard McNamara is also NOT in NAMA, though that seems to be routinely ignored by the media.

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The Northern Ireland Statistics and Research Agency, which is part of Sammy Wilson’s Northern Ireland Department of Finance and Personnel, released its 2010 population estimates for the six counties this morning. Socially, both parts of Ireland behave similarly, especially when compared with the wider European Union. But having said that our birth rate in the Republic is 17% higher than in Northern Ireland which you might expect, with our more Catholic profile; but our mortality rate is 26% lower mostly as a result of our age profile – not to be ageist about it, but the Republic has a far more attractive age profile for its population with only 8% in the 64 years-plus group, almost half the 15% in Northern Ireland. Emigration has returned to the Republic and we now have net outward migration whereas in Northern Ireland there is precise parity between immigration and emigration. Here’s an extract of the numbers and a comparison with our own Census 2011 Preliminary Results and the CSO Population Estimate for April 2011. There is also some comparison with EU averages, mostly sourced from Eurostat.

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The Nationwide Building Society has this morning published its UK House Price data for November 2011. The Nationwide tends to be the first of the two UK building societies (the other being the Halifax) to produce house price data each month, it is one of the information sources referenced by NAMA’s Long Term Economic Value Regulation and is the source for the UK Residential key market data at the top of this page.

The Nationwide says that the average price of a UK home is now GBP £165,798 (compared with GBP £165,650 in October 2011 and GBP £162,764 at the end of November 2009 – 30th November, 2009 is the Valuation date chosen by NAMA by reference to which it values the Current Market Values of assets underpinning NAMA loans). Prices in the UK are now 10.9% off the peak of GBP £186,044 in October 2007. Interestingly the average house price at the end of November 2011 being GBP £165,798 (or €192,883 at GBP 1 = EUR 1.1669) is 13% above the €171,315 implied by applying the CSO October 2011 index to the PTSB/ESRI peak prices in Ireland. The average property in Northern Ireland in Q3, 2011 was worth €163,438.

With the latest release from Nationwide, UK house prices have risen by 1.9% since 30th November, 2009, the date chosen by NAMA pursuant to the section 73 of the NAMA Act by reference to which Current Market Values of assets are valued. The NWL Index is now at 831 (because only an estimated 20% of NAMA property in the UK is residential and only 29% of NAMA’s property overall is in the UK, small changes in UK residential have a negligible impact on the index) meaning that average prices of NAMA property must increase by a weighted average of 20.4% for NAMA to breakeven on a gross basis.

The outlook for property in the UK remains uncertain, and has become more uncertain in the past month with the downgrading in economic outlook forecasts. Although the Chancellor of the Exchequer, Tipperary and Waterford man, George Osborne is scheduled to deliver his Autumn Statement just after midday today and the UK’s Office for Budget Responsibility will deliver their own economic and fiscal outlook for November 2011 just after the Chancellor’s statement, we really don’t need these statements to know that the UK economy has become less positive in outlook in the past month. In part that’s our fault or at least the fault of the wider EuroZone for not putting a lid on the EU debt and banking crisis, and that tampers down the UK growth outlook. But the UK itself has not been as engaged as some feel it should have been in dealing with its deficit which at 10% in 2011 is similar to so-called economic basketcase Ireland which is forecast to finish this year at 10.3%.

What we do know is that for 200 years, the UK has inflated itself out of recession and debt, and inflation is set to end 2011 at 4%+. The UK has engaged in a GBP 295bn Quantitative Easing programme to get more money into the economy since the financial crisis broke in 2007. That is 20% of the UK’s annual GDP of GBP 1.5tn. And it shows – inflation from October 2007 to October 2011 in the UK was 14.9%, in Ireland it was  just 0.8%. Of course the UK has an enviable unemployment rate of just 8.3%, nearly half our 14.4%.

So there’s unlikely to be any great spurt in house prices, though supply constraints in some areas, notably London, may act to stabilise prices. Elsewhere there is an ongoing debate about new planning regulations in the UK and the supply of housing over the medium term, but what seems likely is that economic growth will be subdued over the next two years at around 1% per annum. With current levels of unemployment, and the austerity needed to close the deficit and the prospect of 3%+ inflation for the next couple of years, you wouldn’t have thought the prospects for the residential property market as a whole to be great in the UK.

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As we have seen in the past four years, all good things come to an end with the Celtic Tiger de-clawed and passed out on the floor, property values collapsed despite the enormous distortions still in place and the banking sector still in retreat. Developers have seen their wealth wiped out on paper, and oftentimes in the wallet also.

But just as night turns to day, so also do bad things come to an end. Two weeks ago, €1bn-indebted NAMAed developer, John Fleming emerged from bankruptcy in the UK. No word yet on plans for the 61-year old Cork man but with his experience in property development, energy and other sectors, he is likely to be a man in demand.

The Grehans, Ray and Danny, have been associated with companies which are now bidding for former Grehan assets foreclosed by NAMA.

But it is the UK’s Property Week (subscription required, but adequately re-reported with appropriate accreditation for once by the Irish Independent today ) which confirms that developer, Donal Mulryan, is now “set to be” employed by Morgan Stanley which has a huge property portfolio under management including, reportedly, some of Donal’s properties, the loans on which were recently, again reportedly, acquired from NAMA.

It was 8th October 2011 when Bridget O’Connell at the UK’s Estates Gazette (not available online without subscription) reported that Donal Mulryan’s UK GBP 220m (€257m) portfolio of property was to be put on the market by Donal under NAMA’s auspices. Savills was named as the company appointed by Donal to sell the portfolio of mostly residential developments in the North West of England (Manchester is where Donal’s main vehicle, West Properties, is centred) but also a site close to London. It now seems that NAMA is to sell the underlying loans to Morgan Stanley for GBP 65m (€76m) according to Property Week. And Donal is said to be “set to be” engaged by Morgan Stanley in a management role for which he will, reportedly, be paid a fee. What sort of fee could Donal expect for managing GBP 65m of assets (worth GBP 220m originally)? Difficult to say but with performance bonuses, I would have said the mid to high hundreds of thousand pounds per annum.

NAMA, Donal and Morgan Stanley are not commenting on the reports. Donal is the brother of Sean Mulryan of Ballymore fame which the Independent today claims is “the largest debtor in NAMA” Donal at one time was involved in Ballymore but for the last decade has been developing property on his own account, and was said to have been worth €1bn at the height of the boom.

So there may be life for developers after NAMA. I’d guess that in the short term, there will be consultancy roles aplenty as cash-laden investors chase after loan and property portfolios, and who better to guide their efforts than the former owners or at least developers who would be familiar with the portfolios. For most developers it will perhaps take longer to build independent wealth based on their core skills in property development, most are broke and sources of finance are like hens teeth. There will be exceptions, Treasury China seems to be doing roaring business and Ballymore itself is continuing to develop London’s Docklands, but for most developers, consultancy and fee income looks like the best they can achieve in the short term.

Of course they need extricate themselves from NAMA first which is not straightforward.

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Last week, according to Iris Oifigiuil, NAMA appointed Statutory receivers within the meaning of the NAMA Act to two companies . The first, St James’ Developments Limited, might be described as a Capel group company – remember NAMA appointed receivers to a Capel group companies in April 2011 and has also commenced proceedings to obtain judgments against Capel directors personally, the directors being Edward Keegan, John O’Connor and Liam Kelly . What is a little odd about this latest receivership is that NAMA had already appointed Simon Coyle of Mazars as receiver in April 2011 to the same company, but on foot of different loan securities. I have noticed this of late – NAMA appointing receivers more than once to companies on foot of different securities. One interpretation might be that a security was imperfected or missing when the first appointment was made.

The second company to which NAMA appointed receivers was Colca Developments Limited, a company associated with Derek Quinlan, Bernard McNamara, Patrick Mooney – the so-called “Scott Partnership”. The company was associated with the development of a site on Sir John Rogerson’s Quay in the south Dublin Docklands. NAMA appointed Con Cronin of GVA Donal O’Buachalla to assets of the company.

Remember you can see a comprehensive list of Irish foreclosure action by NAMA here and in this regularly updated spreadsheet.

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The UK commercial property news website, Costar, reported on Friday last that NAMA has exchanged contracts for the sale of an office development site in Croydon, south London with a price tag reported to be GBP 3m (€3.5m). The site was formerly owned by one of Anglo’s borrowers, Magnet Property Investment. The buyer is Abstract Securities, a company controlled by Mark Glatman (photos and profile here), and the intention is to develop a 100,000 sq ft office block on the site.

NAMA generally doesn’t comment on individual sales – the best the Agency will give is an overall total of disposals of loans and property which cumulatively stands at some €4.6bn approved – but you can access the results of the endeavours on here to keep track of NAMA sales reported in the press and elsewhere.

UPDATE: 28th November, 2011. Yes the eagle-eyed amongst you might have linked the reported sale of the site in Croydon which was heavily hit by the London riots in August 2011 and NAMA’s Head of Portfolio Management John Mulcahy’s musings on the causes of the riots when he held forth last month at the annual RESI conference in Wales organised by Property Week and suggested easily portable flat screen TVs were to blame for the riots. You might ask if NAMA’s valuation  of the Croydon site sold last week was influenced by its proximity to shops selling household electrical items.

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It is surprising that although David Drumm has been a household name since late 2008 when he resigned as CEO of Anglo Irish Bank (now part of the Irish Bank Resolution Corporation) and since then, there has been an avalanche of press coverage and at least two books (The Fitzpatrick Tapes and Anglo Republic), but to date there has been very little comment from the man himself. When RTE correspondent, Charlie Bird called on David’s family home in Massachusetts last year, all he got was a “have some respect Charlie”. There have been volumes of court documents of course since David filed for bankruptcy in the US in October 2010 and there have been some brief phone exchanges but today in Irishcentral.com, journalist and activist, Niall O’Dowd has what appears to be the most extensive interview yet with the former Anglo CEO who left Ireland in 2009 and has more recently been involved in a bitter battle with Anglo about the repayment of loans. The Gardai in Ireland want to speak with him, but apparently don’t have a good-enough case to seek his extradition. The Chartered Accountants Regulatory Body has temporarily postponed disciplinary proceedings against David who is a chartered accountant, until the current brouhaha with Anglo has abated. The Office of the Director of Corporate Enforcement is believed to have been building a case against senior former Anglo executives including David. And Anglo recently accused David of changing the terms of loan agreements in the case of the Maple Ten. Even the US bankruptucy official handling David’s bankruptcy has taken an aggressive view on David’s dealings. It is fair to say the 45-year old Dubliner is feeling embattled, and in this extensive interview today, we do get some revelations

(a) NAMA. David says that NAMA was a mistake “recognizing losses that no other country did, here in the U.S they have just more experience and they had seen this before, no bank was forced to mark all its assets down at a time when you couldn’t sell anything. The UK didn’t do it, nobody in Europe did it, so Ireland stood alone and by marking this thing down Ireland separated itself down.” Elsewhere he says that Pricewaterhouse Coopers (PWC) reviewed the Anglo loan book at the end of 2008, and that Donal O’Connor who replaced Sean Fitzpatrick, and Anglo director Lars Bradshaw both reviewed PWC’s work, and Anglo concluded that it was correctly showing loan and loss provision values.

(b) Banking supervision in Ireland. Is portrayed as a bit of a joke and when Anglo got into difficulty in 2008, the Central Bank of Ireland was unable to provide a lender of last resort function. Anglo’s balance sheet had gotten too big at €73bn, not unlike its Irish competitors, and even though the loan book was seen as good collateral, the central bank was unable to provide short term funding on what were seen to be good assets when the inter-bank funding market froze after the collapse of Lehmans in the middle of September 2008. “they were clueless” says David now. The Regulator and central bank were allegedly telling David that the Department of Finance  (where Kevin Cardiff was then responsible for banking in his role as assistant Secretary General) was being relied on for guidance. Anglo did not ask for the guarantee on 30th September 2008 according to David, Anglo just wanted a secured loan from the central bank for €2bn. The first David heard of the guarantee was when he woke up on 30th September. David is seemingly bitter that it was Bank of Ireland and AIB that demanded the blanket guarantee but it was “put at Anglo’s door”

(c) Maple Ten. David says that “The financial regulator and the Central Bank were in every meeting with me and other directors of the bank throughout 2008 and I have to tell you, that was team work, because it [Sean Quinn’s 25% shareholding which Sean needed to sell] was a common problem” and “the government, and through it’s offices through the Central Bank and through the regulator were pushing the bank like hell to fix the problem [Sean Quinn’s 25% shareholding which Sean needed to sell]” David says that based on his conversations with John Hurley, the then-governor of the Central Bank of Ireland, the Minister for Finance (Brian Cowen until May 2008 and the late Brian Lenihan thereafter) and “most likely” the Taoiseach (Bertie Ahern until May 2008 and Brian Cowen thereafter) knew about the problem, and by implication the solution of using the Maple Ten, 10 large customers of Anglo, to buy Sean Quinn’s shareholding with non-recourse loans. The interview makes a reference to “John Carney” as the governor of the Central Bank of Ireland, that looks like a mistake and should refer to “John Hurley”. There is also a reference to a “Conn Horgan” but it is not clear who this is. David says the transaction “made sense to Morgan Stanley who were advising us” and that it “made sense to our [Anglo’s] legal advisers” What is new is the claim by David that 25% of the loans advanced to the Maple Ten was recourse.

(d) Sean Quinn. David says that, in relation to building up a 25-28% stake in Anglo through the use of Contracts for Difference (CFDS) “he [Sean Quinn] didn’t get advice and he will tell you that himself”  Now although David is talking about the use of CFDs, Sean Quinn has a different take on his disastrous stakeholding in Anglo – in his recent statement announcing his bankruptcy in Belfast, Sean Quinn said “recent history has shown that I, like thousands of others in Ireland, incorrectly relied upon the persons who guided Anglo and who wrongfully sought to portray a ‘blue chip’ Irish Banking stock” But as far as David is concerned “we got this additional spot light on us because of the Quinn perceived vulnerability and the hedge funds in London rightly took a view that if you push, push, push this guy maybe his stock will be sold, the bank will collapse and they get like a payday. He fashioned a rod for his own back and ergo our back, the bank’s back”

(e) Sean Fitzpatrick’s loans. This looks like dynamite and I reproduce the relevant passage from the interview “Sean Fitzpatrick’s loans were not hidden in any way within the bank and they were on the central bank returns. When the financial regulator went into Irish Nationwide, it would have been late 2007. They found Sean’s loans sitting there. When they came back to the bank in December of 07, spoke to Willy McAteer about the loans, he was the finance director and said to Willy what is the story with these loans. Willy went and spoke to the chairman and said yeah he had discreet finance with him temporarily with Irish Nationwide. The first question they asked Willy was ‘is that reciprocal?, is Sean Fitzpatrick doing it for Michael Fingleton?’ The answer was no. The second question was are there any Companies Act implications, legal issues? So Willy went to out external council and got a legal opinion that it was not… And then their third and last question was, ‘what are you going to do about it?’ and Willy went to Sean and Sean said well I am actually refinancing with the Bank of Ireland, which he was, that’s actually very true. He was in the process of taking all the loans and getting them away to BOI and they said fine and dropped it.”

(f) David Drumm’s loans from Anglo. David says he borrowed the money from Anglo to buy shares in Anglo at the request of Anglo, so as to demonstrate confidence in the bank. He blames the current Anglo or IBRC CEO Mike Aynsley for pursuing him relentlessly for the repayment of the loans and David is bitter about this saying in the interview “it was outrageous to call it in because first of all a bank operating properly would never do that and B they had a contract with me, not to do that in the long term plan.” David claims that the assets he was prepared to hand over to Anglo in settlement of the €8-9m of loans were worth USD 10m (€7.6m) but David claims “they couldn’t possible settle, it took me a while to accept that” implying there was a get-David-at-all-costs, politically supported approach by Anglo. In respect of the enormous costs being racked up by Anglo in pursuit of David which David claims are in the millions, David says “if my case is indicative of how they [Anglo’s management] are being measured, taxpayers’ money is being absolutely destroyed there, day by day by day”

(g) David Drumm’s future. According to David he has an employment visa which entitles him to US residency, not an investment visa “contrary to what they report in the media, so the visa is not the issue”. He wants to stay in the US where he sees opportunities. He complains about media intrusion and literally parking outside his home for days on end. He claims he has moved his two girls to different schools to escape media attention. There is no mention of the serious allegations of fraud made by Anglo or the CARB disciplinary proceedings or the ODCE investigation, but he does make what seems like a sensible point that you wouldn’t want to expose yourself and your family to what would almost definitely await David if he returned to Ireland, unless you had no other choice.

There is a feature entry on David Drumm’s bankruptcy here.

UPDATE: 28th November, 2011. Laura Noonan at the Irish Independent reports that there has been a response from unidentified “sources close to the bank [Anglo]” to the 10,000-word David Drumm interview. These unidentified sources dismiss David’s claims that reckless lending was not the cause of Anglo’s collapse as “ridiculous”. Presumably these unidentified sources are not working for PwC which certified the loan valuations at the end of 2008, or Donal O’Connor and Lars Bradshaw which checked PwC’s work. Or auditors Ernst and Young who signed off the 2008 accounts after presumably sample checking loans and loan documentation. There has been no response from Government which according to the Drumm interview seems to have been at the heart of the Maple 10 transaction. Maybe we might get an attributed comment later in the day. The Independent does say that it “understands that Anglo would have recouped more from that settlement than the net proceeds the bank expects to get from drawn out bankruptcy proceedings in the United States.” Why would a company which we as a nation own 100% take such an uneconomic decision?

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WillyWally meeting tomorrow in the croft behind Angus’s cottage, midday (sharp) start, be there or be square, bring a stick, please RT

Hamish is that yourself William, is it true you’re seven feet tall

WillyWally aye, so I’ve heard. Kills men by the hundreds, and able to consume the English with fireballs from his eyes and bolts of lightning from his (ctd)

WillyWally arse. Will you come to the meeting tomorrow as free men, as free men you are. What would you do without freedom? Will you come to the meeting?

Jamie meet? To plot against the English? No, we will run; and we will live.

WillyWally aye, plot and you may die. Run and you’ll live — at least a while. And dying in your beds many years from now, would you be willing to trade all the days from this day to (ctd)

WillyWally bloody 140 char limit! (ctd) that for one chance, just one chance to come back here and tell our enemies that they may take our lives, but they’ll never take our (ctd)

WillyWally freedom!!!

Longshanks Teddy, my boy, did you know the Scots invented wire? Yeah, two of them arguing over a penny.

FlamingPrinceTed You tell them pops.

Hamish #feckinenglishbastards

Hamish Teddy, yo mama so fat that she leaves tide-marks when she takes a dip in the loch

Hamish #feckinenglishbastards now trending in Stirling

WillyWally Hey English, want to know what we wear under our kilts? twitpic/myarse

Hamish LMFAO, you tell them William.

Angus: #ff  WillyWally

WillyWally Bloody hell, 10k followers already; sign the petition now at onlinepetition.sco/feckoffhome

Angus You can’t use .sco, they won’t even given us a country code top level domain

WillyWally #feckinenglishbastards

Social media has its place in the modern age, but tomorrow at 11.30am the Ballyhea/Charleville communities will be holding their 39th weekly march protesting against the ongoing payment to bondholders in bust Irish banks – sometimes, there’s no substitute for getting out there, leaving the pavement behind and stepping into the street to stand up for something you believe in. They’d welcome your support, photos and details of the marches are here.

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