Over the past few weeks there has been a noticeable turn around to the slower start of the 2012 trading year. Inquiries are certainly picking up and shares in quality yearlings (now 2yo’s since 1st August) are being in eagerly sought.
Economic fundamentals, consumer lack of confidence in Australia’s political landscape, the introduction of the Carbon Tax and the general rise in cost of living resulted in many traditional purchasers just waiting cautiously to see the how things unfolded financially in the first half of 2012.
However here at Dynamic Syndications, we are pleasantly surprised at the sudden surge of buyer interest and support which have resulted in sales.
Green shoots in the economic landscape and consumer confidence certainly have played their part however we are also convinced that we have seen increased inquiry based upon direct correlation with the record numbers of visitors to our newly launched Dynamic Syndications Website.
There is also ready acceptance for many owners to embrace 5% equity shares in horses. With the changes to the Australian Rules Of Racing which commenced on August 1st, owners now get their name in the racebook with a 5% equity holding (replacing the 10% rule).
Nobody can determine any difference in emotional commitment and the adrenalin buzz of winning whether you own 50%, 10% or 5%. The feeling of euphoria from the thrill of racetrack success remains constant no matter what size equity share you own.
Obviously this has made it significantly more affordable both with the cost of the capital outlay to purchase your share and the daily ongoing costs which are reduced to an average of just $5.75 per day. In times of economic caution, the cost of feeding the addiction that is racehorse ownership has halved for many buyers, allowing clients to continue with their passion for the Sport of Kings.
Add this cost reduction to the significant increase in prizemoney that was recently introduced by Racing NSW which takes Saturday winners to $48,750 + $20,000 BONS Bonuses (to eligible horses) this has made the sport far more cost effective.
In the past month we have SOLD OUT of three (3) quality horses and we are two /thirds of the way through the sale process of our outstanding Exceed And Excel colt with Peter Moody.
EXCEED AND EXCEL / SHOOT THE STARS colt with PETER MOODY
We thank all the clients who have joined us this year with acknowledgement to our loyal clients and a Big Welcome to clients new to the Dynamic Syndications team.
We have finalised the sales of :
FASTNET ROCK / JEWEL OF THE NILE filly with Gerald Ryan
NORTHERN METEOR / COMEDY CLUB filly with Peter Moody
ENCOSTA DE LAGO / MISS HELGA filly with Chris Waller
These join our other publicly syndicated yearlings this year :
LONHRO / FINE SOCIETY filly with Chris Waller
NOT A SINGLE DOUBT / SUTTON REVIEW with Gerald Ryan
MORE THAN READY / ELLE DUCCIO colt with Gerald Ryan
In the next few days we will be launching our
COMMANDS / MAKING FEY filly with Chris Waller. Information relating to this filly is located in our Upcoming Syndications section of our website.
