Weekly Update 24-10-18
By BG Racing Syndicates On 24th October 2018
A little late this week as I needed to sort out the final batch of communications with the Justice Super shareholders. These have now been issued though and yesterday I updated the horse pages on the website with revised share prices for the year to 31st October 2019 for both The Way You Dance and My Brother.
The Way You Dance
I discussed The Way You Dance with Neil and he reported that he has started trotting and cantering. There have been no problems, so Neil is cracking on with building his fitness.
It may take us another few weeks but the plan is to have him ready to go through the winter and there is plenty to anticipate as he has possible improvement both over hurdles and on the all weather. I am excited to see what he can do this year as we have already given him a break and all being well we will get a lot of racing from him this year.
With the success that The Way You Dance has had this year and in line with advice from Neil and others, I have now set his value to 31st October 2019. He is valued at £15,000 with training fees for the year staying at £17,500. This adds up to a share purchase price of £360 per 1%.
I will discount 5% to £1750 and 10% to £3400. These are all in costs to 31st October 2019 with your share of prize money, full owners benefits and the sale proceeds from your share should you decide not to renew or if we sell the horse. If you are interested in taking a share, please contact me and I will provide you with further information and the relevant paperwork.
I am busy sorting out a social for the Justice Super owners and have now emailed all Justice Super shareholders regarding settlement of their shares. I have placed an advert on the retraining of racehorses website here to try to find an owner to take Justice on, but I am still open to suggestions if anyone knows someone. There have been a couple of adverts in the racing post, but on further investigation, I was not certain that Justice would be getting a good home.
We are getting close with My Brother. He schooled on Friday and did some faster work yesterday. He will be entered at Fakenham next Wednesday, but if that comes too soon then we will probably look at Warwick later the following week.
My Brother has been revalued at £20,000, a share purchase of £415 per 1% including training fees for the year. 5% will be discounted to £2000 and 10% shares to £3900. These are all in costs to 31st October 2019 with your share of prize money, full owners benefits and the sale proceeds from your share should you decide not to renew or if we sell the horse. If you are interested in taking a share, please contact me for further information.
From The Stables
Last Sunday, Alan’s Edelpour could never get involved in the Irish Cesarewitch and finished midfield whilst Neil ran three at Chepstow. Unfortunately Molliana was a well beaten 5th, Carole’s Destrier at least made the frame in 3rd and Chiricco Vallis was pulled up. On Monday American Patrol was unplaced for Neil at Kempton, whilst on Tuesday he managed a second through All Hands on Deck. No runners Wednesday and then three more disappointment for Neil on Thursday at Uttoxeter. Dieg Man faded to finish last of those to complete. Carrigmoorna Matt was well beaten and Neachells Bridge was the best of the bunch but still only 5th.
A little purple patch for Neil started on Friday though. Collodi’s won at Fakenham and whilst Boy in a Bentley and Vexillum were beaten at Wincanton, the inconsistent Full surprised everyone by winning at 20-1, to give Neil a second winner on the day. The success carried into Saturday for Neil when Dandolo Du Gite won at Stratford and Neil’s other runner Masquerade Bling was close up for the places but just missed out on 3rd. Johnny ran Ali The Hunter who was not good enough to be competitive.
After a blank Sunday, Neil started this week with two seconds. Kristal Hart and Dream Machine both filling the runners up spot. Yesterday Johnny ran Mr Lando at Exeter who was well beaten.
Development of BG Racing
There are three areas where I am looking to develop BG Racing, but I cannot make purchases in any area without knowing that I have interest from people. If you are reading this and may be interested in any / all of the following, please get in touch.
New Horse(s) – the obvious growth will be through new horses. I am inclined to look for a sprinter as the next BG Racing purchase. I would like to find a horse that is a robust type who can run regularly. Obviously wins will be less frequent, but we can get racing on a regular basis. I won’t however lose focus on the National Hunt and I will look for another Justice Super type who has potential to develop into another nice jumps type. I would like something that will make a chaser in time rather than having another flat/hurdling sort.
Breeding – Another area I am looking at is buying a filly with a view to breeding from her in retirement. This would be a slightly different ownership as it would require a longer term commitment, but it would give people a chance to see another side of the business and we would potentially generate returns from selling the offspring.
Foal / Yearling Investment – This would be a high risk “investment” option with investors’ money being pooled to buy one or more foals or yearlings with the aim of bringing them through to sell for profit. Returns could be anything from zero to a massive profit, but the it will give people the chance to get involved in the racehorse sales process.
Buying a share in a BG Racing horse is a decision that you will not regret. All quoted prices include the purchase price of the horse and should you decide to renew for a second year, you will only need to pay training fees which are under £200 per 1% share. If you are interested in discussing what is involved, then please do get in touch as I would be delighted to discuss things with you.
I also have an e-book entitled “Racehorse Ownership – Everything You Might Have Wanted To Know But Would Not Have Known Who To Ask“. This is free and the download page can be accessed by following this link: https://www.bgracingsyndicates.co.uk/subscribe-for-our-free-guide/
Have a great week.
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