Now let me start by saying I think it's absolutely fantastic that a couple of syndicates have started investing in standardbred yearlings.
I was going through the yearlings bought by Slade Bloodstock as an example - and comparing the share costs v sale price. I was quite surprised by the mark-up - but maybe that's just a standard thing with syndication. I'm not familiar with the usual practices.
Here's the list of Slade yearlings bought this year (and I hope they're all stars to promote more sales):
Four Starzz Shark-Miss Chevious - sale price $15k; total share value $29.5k
Courage Under Fire-Rigaleto Franco - sale price $24k; total share value $39.5k
Art Major-Barogue Pearl - sale price $35k; total share value $58.5k
Four Starzz Shark-Joy Luck sale price $35k; total share value $59.5k
Is this a standard kind of mark-up? Anyone had any experience with similar situations?
Anyway, good luck to them. Hope they win stacks of races ... can only be a good thing for the game.
seems a bit steep, but maybe they would be including all the bills as well for the next 12 months?
i wouldnt buy one off slade if they are to lance anyway
i know theres a few shares available in the ones that purdon bought or people bought for purdon to take home
It doesn't sound like it includes any costs ... according to their website, there are ongoing fees of $170 a month for each 10% share.
I liked the Four Starzzz colt from Joy Luck. Had a bit of swish about him.
seems an outrageous mark up. it must include other things. If not, its not likely to be filled...
I'm not sure, Mo ... reading the story on their website, it seems not ... here's the link - http://sladebloodstock.com.au/news/a...CING+ADVENTURE
See you in NZ, I hope.
Cheers,
Ben
if they can sell those horses then everything from now on will be a non-sale entry and then i will syndicate them myself
Why would you want to get in a syndicate if they mark up the price so much and Ben the first yearling you mentioned has near doubled in price and at $170 a month for a 10% share that works out to be $1700 for a horse which works out to be $54 a day and i suppose you will have costs on that.
once you incorporate the reduced days for agistment in their first year for spelling it would be alot more than 54 a dayOriginally Posted by mango
It sounds like that $170 is all-inclusive (training, staking, management) ... but still $1700 a month - or $20,000 a year - is at the top end, I'd think, especially when you take into account the horse will undoubtedly be out of work for periods.
Like I said, hope they do well - even if they're pocketing good dough - because we need some fresh blood in the ownership ranks
Posting Permissions
Reply With Quote