OnTheMarket launches overseas properties site

| Rosalind Renshaw

OnTheMarket is now listing overseas properties for sale on a dedicated channel.

It will allow both members and non-OTM members to advertise on it, and the ‘one other portal’ rule will not apply as OTM says this was established purely “to disrupt the duopolistic market place in the UK”.

A spokesperson explained: “There is a tariff for non-member firms which is based on the number of properties listed.

“This tariff is discounted to existing member agents who want to list international properties.

“The UK search will remain the core business. The channel will attract additional agents, both from the UK and overseas.

“Non-member firms who choose to list only international properties will not become members.”

As with the UK search, the channel does not carry third party advertising.

Overseas search results are presented in grid, map and list views, as well as a new combined grid and map view.

All properties are plotted to their exact location on detailed maps using latitude longitude coordinates and a map is available on every full details page.

A ‘draw’ search facility will be available with the ability to create up to ten different areas within a single search. These can also be saved and used for property searches.

There are seven different currency options available and property price is presented in the currency selected by the property seeker as well as the currency provided by the agent.

In line with OnTheMarket policy, listings from online-only agents will not be accepted.

CEO Ian Springett said: “It is exciting to launch our new overseas channel which already lists thousands of properties for sale and complements our existing UK offering.

“This is yet another sign of growth for OTM and we are looking forward to working with new agents from different corners of the globe to list their marketed properties.”

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51 Comments

  1. danny
    March 2, 2016 at 07:22

    Ian Speingett was halted as saying ” For far too long properties abroad in the million pound region have been bought by Knight Frank type clients from someone else. To continue to ensure we properly stitch up agents from outside of London we piled a load of their money into a project that means little to the vast vast majority of estate agents in order that I keep my board members happy at everyone’s expense . I realise we are still to launch other “channels” like commercial for example ,or auction , but they don’t really do that so we didn’t bother ” Hopefully this will finally prove to our members once and for all that the vote thing was actually a joke and we can actually just do what we want “

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    1. HarryN
      March 2, 2016 at 09:19

      I would put this a bit more simply danny:

      1. OTM spends months (hundreds of thousands in development fees) developing overseas section that seems to only feature Savills, Knight Frank and Chestertons properties

      2. All of those are on the board of OTM

      3. One other portal rule does not apply

      There are some in this forum who are seeking to rubbish comments like this, but this is so absurd that I even suspect that it has been made up!

      If anyone needs convincing that this project is about furthering the interests of a small group of central London agents at the expense of the masses, here you go.

      Oh, and I’m ready for the nonsense replies from some who clearly are members of this cosy club, but there is no defending this scandal.

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      1. smile please
        March 2, 2016 at 09:26

        Danny, Harry,

        You actually make some relevant points, issue is because you jump on every OTM story and look to run it down it waters down your argument.

        Its like the boy who cried wolf. Even if i do agree with comments, in the back of my mind i just have an image of a zoopla rep or online agent dribbling at their keyboard.

        Maybe take note of “less is more” if you really feel that strongly about the portal.

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        1. HarryN
          March 2, 2016 at 09:44

          Smile – I respect your points but they are not relevant. This is an area that I feel confident and motivated to comment on. Others I do not. If my points are relevant, I don’t feel the need to keep schtum because it might irritate you.

          Unfortunately it is this attitude that has led so many agents into the mess they find themselves in. They know its not right and that they are/have made a mistake but they’re not prepared to speak up and challenge it.

          If you really don’t like my comments either ignore them or petition PIE to remove the comments section. Either way you are trying to stifle free speech, which says more about your attitude than anything else.

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          1. smile please
            March 2, 2016 at 09:55

            Harry,

            The issue here is not if you are passionate or not its your motive.

            The fact that every OTM story no matter what it is brings criticism from you and danny makes myself and others believe its not that you feel passionately about the well being of agents, its that you have a motive and need to run it down.

            Another example is Trevor and his comments regarding a cartel! – He is first and foremost looking out for his business and taking up the mantel of savior to all agents as a shield. At least with Trevor he has the balls to show who he is while running it down,

            Yourself and danny in my opinion have a vested interest in it not working.

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            1. Chrispy
              March 2, 2016 at 10:30

              Chaps, forget the 1 portal rule, it’s just for the big city boys arguments, this will all boil down to if the public will go and use the thing and if Ian S will decide to give us some actual data in terms of traffic and not just keep coming out with ‘don’t trust com score etc’

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            2. Beano
              March 2, 2016 at 12:28

              As a relative outsider looking in (i am on both z and r, but like the concept of pom) I have to agree with Smiles viewpoint here. Just how little have you got going on in your life if you make the effort to comment on just about every newsfeed regarding a product that you have no interest in. The fact that both Danny and Harry have promptly been first posters on this issues means Smile must have a point. They have to have either a strong vested interest as stated, or be trolls; either way therefore their arguments and opinions are wasted on people like me. So guys carry on posting your anti comments regularly and promptly, but be aware your credibility is seriously undermimed.

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  2. AgencyInsider
    March 2, 2016 at 07:24

    Drip, drip,drip…

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  3. harry hood
    March 2, 2016 at 07:36

     

    So this is where the money has gone.Overseas business trips, marketing in foreign cities, and that’s just another perk of the job.

    How will this help UK agents? Come on, tell me……

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    1. Property Pundit
      March 2, 2016 at 08:25

      Who’d have thought? Comments on an OTM story by both danny and harry hood before 7.37am. It’s like groundhog day yet again.

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      1. RealAgent
        March 2, 2016 at 08:43

        And the fact Danny typed an e instead of an r in Springetts name just conjures up images of him excitedly and desperately trying to tap something out on the train on the way to Z headquarters.

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  4. Fred Jones
    March 2, 2016 at 08:30

    The idea sounds good for those wishing to advertise overseas properties but question is; how was this funded? If OTM funds was used who agreed to it? was the members informed?

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    1. AgencyInsider
      March 2, 2016 at 08:41

      Why would you care Fred Jones? It is clear from your post that you are not a member of OTM otherwise you would know whether or not the members were informed.

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      1. Fred Jones
        March 2, 2016 at 19:46

        Yes I am a member not necessary a happy one, but going down the route of overseas is an improvement no the less and no I have never been informed of any such thing.

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        1. PeeBee
          March 2, 2016 at 23:05

          “Yes I am a member not necessary a happy one… and no I have never been informed of any such thing.

          My comments below apply.

          Fred Jones avoids facts like the plague – unless it is to ‘Dislike’ them.

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    2. PeeBee
      March 2, 2016 at 15:34

      Fred Jones

      1.  The decision to go down the Overseas Properties route was made long before you signed up to your diluted Membership.

      2.  As a diluted Member, you have no rights to vote on any matter that is subject to vote.

      3.  You’re clearly terminating your Membership at the earliest LEGALLY possible opportunity.

      So why the chuff ask a series of questions as if you’ve got some divine right of receiving answers to?

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      1. Fred Jones
        March 2, 2016 at 19:57

        Not that I would be interested in any such vote it was simply a question put out there, but of course I might know you would come marching in with your two pennies worth like it actually has anything to do with you!

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        1. PeeBee
          March 2, 2016 at 20:15

          “… I might know you would come marching in with your two pennies worth like it actually has anything to do with you!”

          Sorry – why in your considered opinion WOULDN’T it have anything to do with me?

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          1. PeeBee
            March 2, 2016 at 23:00

            Ahhh, Plank – good to see you back again and up to your usual tricks.

            I thought you’d got sick of ‘Disliking’ and started chasing after people on bicycles again – and that’s not a clever idea.

            Just look what happened the last time…

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            1. Fred Jones
              March 3, 2016 at 07:39

              Not sure if that’s a reply to me or just one of your rants?

              I think a psychologist would have a field day with you, talk about being unhappy and board with retirement. You don’t seem to have a good word to say about anything, continually chasing everyone to cause friction and reaction for want of conversation.

              ‘Not to worry’ you carry on old pal, I guess you probably feel lonely at times and it’s hard to cope without the banter.

              Pat on back!

               

               

               

               

               

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              1. PeeBee
                March 3, 2016 at 08:58

                Not to you, Mr Jones – unless of course you are my faithful Plank – in which case digest every word.

                Now – back to the subject.  I repeat my earlier question and respectfully request an answer.

                Why in your considered opinion WOULDN’T it have anything to do with me?

                I look forward to your response.

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                1. Fred Jones
                  March 3, 2016 at 13:43

                  You have already admitted that you are retired and no longer an estate agent.

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                  1. PeeBee
                    March 3, 2016 at 14:00

                    WRONG once…

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                2. Fred Jones
                  March 3, 2016 at 13:45

                  Just to add, in another blog you state that you no longer reside in the UK.

                   

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                  1. PeeBee
                    March 3, 2016 at 14:01

                    WRONG twice…

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                    1. PeeBee
                      March 3, 2016 at 14:11

                      Care to ‘out’ me as being better known as the Archbishop of Canterbury?

                      That way you’ll score THREE IN A ROW?

                      Report
  5. Property Paddy
    March 2, 2016 at 08:43

    I’m buying houses abroad ?

    I thought they had to sell my houses in this country?

    It’s all up the pole ! Or do I mean Polish ?

    It’s not even 9AM and already I’m, confused dot com !!!!

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    1. Property Paddy
      March 2, 2016 at 13:43

      Wot !

      No likes? No Dislikes?

      Come onnnnnnnn!

      I was joking, O was taking the biscuit out of OTM.

      Really?

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  6. smile please
    March 2, 2016 at 09:31

    This really was a silly idea from OTM,

    I wish them well, like others, i like the initial idea.

    But to use agents subscriptions to develop this part of the portal when so many other things could and should have been done first is quite frankly arrogant.

    I bet if they had have put it to a vote the majority would rather a back office system or more advertising not ploughing thousands into a bolt on less than 5% of agents will use.

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    1. Tilly
      March 2, 2016 at 12:22

      Are smile please dislikes from agents who sell overseas property and are delighted with the new portal or from AM agents who don’t but don’t like the error of AM ways being pointed out? I think most on here will know the answer.

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  7. wardy
    March 2, 2016 at 09:45

    Nope nope and nope.

    I’m no longer a fence sitter.

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  8. SJEA
    March 2, 2016 at 09:53

    I am an avid supporter from the start of OTM and I am also concerned that the back-end system was not developed before the start of overseas properties.

    The reason I joined OTM was to invest in a site to market properties in the UK and disrupt the duopoly. I am not convinced that developing overseas before say; commercial property in the UK was the way to go.

    Agents Mutual should put to the vote the idea of adding property sectors such as New Build and Commercial Property in the UK and develop these key areas thus adding more UK subscribers with UK properties to the site to quickly become the 2nd portal !

     

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  9. Chrispy
    March 2, 2016 at 10:32

    One agent one vote? did anyone know about this and where’s the funding coming from to build and promote the site?

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  10. Tilly
    March 2, 2016 at 11:31

    Mark Walker I don’t understand your point. We did not join AM for this very reason. Me and my partner attended a number of local AM meetings before the launch and decided we had no confidence that a board of corporates would act in our interests. We are independents and we did not like being told that to join AM we had to stop advertising on Rightmove or Zoopla that is dictatorship not a mutual right from the start, My partner made the good point that if they are telling us that what else will they decide to impose later on. Well we have found out now. I would think that a lot of AM agents won’t be happy but whether they complain about this is another matter, they should but already it seems that some replies are just belittling other posters rather than telling us what they really think.

     

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  11. Gump
    March 2, 2016 at 11:44

    I cant believe that members voted yes for this!

    Lol

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  12. surreyagent
    March 2, 2016 at 11:52

    waste of money and time – shame members weren’t consulted – rather money and time spent increasing leads on the stock we have in this country

    someone very misinformed on this venture……………….

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  13. Beano
    March 2, 2016 at 12:33

    It would seem this side of the site is being paid for by additional subscriptions, which presumably will at some point cover the cost of said addon. So what is the problem?

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    1. smile please
      March 2, 2016 at 12:45

      Would it not have been fairer on the current members if OTM went to the three agents looking to use this bolt on and ask them to fund it?

      Believe me its not cheap to develop, implement, market and run this bolt on.

      They have taken money from paying members and used that to fund this item that is important to less than 5% of the current members.

      It flies in the face of what i thought OTM was set up to do. The majority are paying for the minority and the development / management team have just forged ahead without speaking to their members.

      As wardy says above, I was a fence sitter i no longer am.

      Report
  14. Digital Expert
    March 2, 2016 at 14:02

    At least those Rightmove rates are tumbling down…

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  15. the message
    March 2, 2016 at 14:43

    I take no pleasure out of this, genuinely. I am not a danny or harryn who we know revel in OTM’s failures. I am one of many who sit outside of the OTM tent, but would genuinely like to be inside, but, for a number of reasons, had decided not to join YET.

    4 months ago I laid out what i felt OTM needed to do to convince more of us to join. I also put it upon the shoulders of current OTM members to do more to challenge and push back, rather than just believe the spin. I did think OTM had started to move in nthe direction that i wanted , but feel this is a total slap in the face to all existing members (bar the high end directors) and potential new entrants. It just stinks, is the worst example of corporate governance I have seen.

    As a reminder, I have copied in below what i said months ago. And genuinely, shame on you woodentop, Robert, peebee et al for your blind following – every now and then in life you have to take a principle stand, maybe say things others dont like to hear. It is you and your ilk that have forced most of us to stay silent rather than have honest discussions.

    Shame on you all for letting this happen

     

     

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  16. the message
    March 2, 2016 at 14:45

    Ok, so here goes, this has been as much waited for as the Chilcott enquiry, and probably will be as long. Please sit back, enjoy and try to make it to the end.
    Context. OTM.
    What all agents can agree on. The concept of OTM is great – a website that allows us to leave both R and Z, and for a fraction of the cost get everything we got from them, with the certainty that prices stay very low, and we don’t allow virtual agents on, thereby destroying their chances of any kind of success.
    I am genuinely trying to be objective here, and I hope that even the most die hard OTM dullards will accept that something has to happen over the next 6 months or so to shake up the stalemate that has settled in, whereby OTM have insuffcient funds to make a huge marketing splash and grab traffic, insufficient properties listed to wow people who arrive, and not enough gizmo’s on the site for the people who are used to more. We also have a situation where R is powering ahead.
    And all the OTM fans can like it or not, but something needs to change to convince me and my ilk to take the risk and join. It would take me the below, and like it or not many agents are in my shoes, a damn site more agents feel like me than they do like you, so stop pontificating and start listening!
    OK, here goes:
    1 Chairman – appoint an independent chairman, experienced player in space, no current affiliations, who can be therespected and independent elder statesman
    2 Board of Diretors. OTM to have c.4 directors appointed by shareholders. Their reappointement to be agreed annuallly by a vote. ANyone free to stand, initial decision made by a vote of all goldmembers.
    The reason for these first two is to put a more sensible corporate governance framework around things – members have the confidence that there is a robust infrastructure for accountability, they can rotate directors on an annual basis, and we lose the stench of rotting flesh that currently exists with a board packed with high end agents, and no independence. The high end can be guaranteed one board seat, given they kicked this off, but thats it
    3 set a sensible 3 year plan, stop making promises you cant possibly deliver. 3 years is a realistic timeframe to move into number 2 spot (and number 2 spot means by traffic/leads, nothing else- ultimately nowt else matters in relation to marketing spend)
    4 charge sensibly. The true value of OTM at the moment is about £50 (I am guessing here, dont have access to enough stats, but enough anecdotal evidence to kno its around this). So charge £100 a month, prices to rise in line wit growth of business. £50 a month is an “investment” in OTM’s success and the future benefit this brings, £50 or more is the value brought
    5 This might mean a reduction in revenues if you cant win more business in the short term. Fine, cut cloth accordingly. Some of this is easy as you stop chasing a short term dream, and part of this is sensible stuff around running a start up more efficiently than now. Again anecdotally, OTM is currently run like a mature business. Its not, its a start up tech business.
    6 DROP the exclusivity clause. a £100 a month fee will be low enough to drive lots of new members, and you have 3 years to catch Z up now, so take your time and do it right. Having a natural blocker on inventory growth is really stupid . Every member can push OTM to consumers and over time the brand will grow, traffic will grow etc, and people can then leave R or Z when it makes commercial sense to do so, not when they are committing commercial suicide
    7 Sort out more sensible packages for the senior execs. Yes, IS should earn a fortune if this is successful, and yes its impossible for him to do that if its a mutual and he cant own shares. But you cant have him (and a few others) taking out the vast amounts they are now. So bite the bullet, ditch the mutual, set up a standard ltd company, give him and mgt 20% between them. Rest is shared out amongst early stage investors, and new shares given fr each £50 invested going forward. Or put a couple of mission aside as a bonus for him/them in 3 years when the targets are hit.
    8 Move the HQ out of london – no reason to be there whatsoever
    9 drop the countrylife deal – there were no initial plans to be a whitelabel partner, this isnt an area we should be going down – focus on the core business, work on a better product offering, longer term brand building and back end services to members, ALL members
    10 ditto with overseas, a total white elephant and a sop to the high end guys – it stinks.
    Now I am not saying this solves everything, but we could have a business 2x the size in a month. Rip up the 5 year deals, offer people new 3 year deals with £50 a month charge for the future success (the investment), and £x a month based on the value generatd, starting at say £50, with regular reviews. Every agent hugely incentivised to drive people to the site, and we cans top worring about these ridiculous short term goals and behaviours that are really embarrasing.
    Cut costs, run it more efficiently, and sort out the corporate governance
    Do all of that, and we will be in.

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    1. RealAgent
      March 2, 2016 at 15:08

      You mean you’ve copied it for about the 4th time. Was it you magnum opus or something?

       

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      1. the message
        March 2, 2016 at 16:26

        It was indeed. Shame you havent the ability or comprehension to try and understand some of it. Maybe by time number 17, when OTM have announced that the sounders should be allowed to forego the one other portal on properties over £1m you will start to realise how done over like a kipper you have been

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        1. the message
          March 2, 2016 at 18:29

          final point on this. Have any of you checked out the overseas section. Looks ok, quite a lot of work has gone into it I would bet (thats why it has taken 5 months). Lots of properties…….3 firms advertsising – chestertons, savils and knight frank.

          I honestly think if this was a frank spencer comedy sketch noone would believe it!

          Report
  17. Fred Jones
    March 3, 2016 at 20:21

    PeeBee
    March 3, 2016 at 2:11 pm
    Care to ‘out’ me as being better known as the Archbishop of Canterbury?

    That way you’ll score THREE IN A ROW?

     

    Well we went through this once before and when I confronted you you actually admitted it, so now your either lying or your not telling the truth.

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    1. PeeBee
      March 3, 2016 at 22:28

      “Well we went through this once before and when I confronted you you actually admitted it, so now your either lying or your not telling the truth.”

      Mr Jones – you are suggesting that there are only two available answers to the situation:

      1 – that I am lying

      2 – that I am not telling the truth

      Interestingly, you fail to mention there is a THIRD option.

      That is a BIG mistake – and a schoolboy error, which is surprising considering it is an awful long time since you were a schoolboy – seeing as the 3rd option is, in fact, the correct one.

      Collect your thoughts and have another go.  You’re rushing into things – like a boxer with a busted nose, eyes streaming and flapping about blindly in the hope of hitting something – and making an almighty chuff up of it all.

      The floor is yours…

      Report
      1. Fred Jones
        March 3, 2016 at 23:00

        So here we go again Mr Liar, two extract’s below from other sites.

        Plb said…
        So is the PeeBee poster an EA or not…?

        PeeBee: “Will house prices fall – maybe; maybe not. Will I be able to stop them if they do – absolutely not. Do I have to roll over and let the HPC brigade kick my b@lls black and blue – ABSOLUTELY NOT! I will use every last trick in my book to attain the best possible prices for properties I am entrusted with. THAT IS MY JOB.”

        PeeBee: “I have no ego. Posting what I do here gives me no satisfaction – but SOMEONE has to… If you want to roll over and let your targets overtake your obligations, then vendors WILL vote with their feet. Trust me – I used to be an Estate Agent! Geez… do I wish I was one now! I’d have a field day…”
        (This one you never returned to having been warned off for ranting)

        Patrick Steen says:
        2 years 5 days ago
        Hi PeeBee, please be polite to other commenters even if you disagree them. These are the commenting guidelines you agree to when you comment on Which? Conversation: https://conversation.which.co.uk/commenting-guidelines

        Report
        1. PeeBee
          March 3, 2016 at 23:56

          OKAY… as you say – here we go again…

          Quote 1.  The point of your using this quote is WHAT, exactly?  HOW does it possibly lead you to some to the conclusion that I am “retired and no longer an estate agent” OR that I “no longer reside in the UK.”?

          Quote 2.  Again – the point of cutting and pasting this comment proves WHAT, precisely?

          With regard to the third quote you have posted – once again you are sadly, badly incorrect to an embarrassing degree.

          Not that you seem to actually MIND the embarrassment that this brings – in fact I would suggest you seem to positively revel in not only looking a complete Muppet – but that as the work involved is all your own, and you have been so thorough in its’ execution, you clearly crave to be accepted as King of the Muppets.

          Job done.  You wear the crown well, Sir.

          Report
          1. Fred Jones
            March 4, 2016 at 07:27

            You really can’t stand being proved wrong, your only defiance as always is to insult and slag everyone off.

            So what if you have posted again, you still lied and if I proved one lie you cannot be believed again.

            Oh I didn’t copy past the one of you retiring abroad, not 100% sure but think it may have been Crete?
            Who really cares!

             

            As with the last time we meet on here I am done with you and my job is over again, I was going to say I’m sure at some point you will stop ranting but honestly I don’t think you will. Guess people will have a good laugh at your expense.

            DONE.

             

             

             

             

             

             

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            1. PeeBee
              March 4, 2016 at 09:00

              “You really can’t stand being proved wrong…”

              WHERE have I been proved wrong?  Show me.  Tell me how.

              “you still lied…”

              WHERE?

              “…and if I proved one lie you cannot be believed again.”

              WHERE is the “proof”?

              “Oh I didn’t copy past the one of you retiring abroad, not 100% sure…

              Yeah – funny, that.  Your lack of surety and distance from actuality are the only 100% constants in this whole sorry attempt at clawing back a tiny shred of credibility for past ridiculous comments that I had the damned audacity to question.

              “…but think it may have been Crete?”

              There you go – completes your full house of ridiculously off-the-mark statements.

              You are walking the thinnest of lines here.  I understand your reluctance to step off it as the consequence for you is inevitable – but the burden of proof is on you, Sir.

              So far you have scored ‘nil point’.  Norway has a better record than you.

              But I’ll give you this – you’re b100dy awesome at getting things completely and catastrophically WRONG.

              Explains a lot…

              Report
              1. PeeBee
                March 4, 2016 at 14:00

                Never quick to jump to action when the penny finally drops that you’ve made a complete and utter  prat of yourself – are you?

                Report
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