lamour

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lamour last won the day on September 24 2019

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About lamour

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  1. It's a good question JJ and I had hoped the box seat or harness link or the weekly Addington update would cover this. They did mention the stakes increases in the latter , but almost in passing. No detail how they were achieved. I was told a couple of years ago that Addington were paying off bank loans on their property investments at a significantly faster rate than the bank required so its possible more funds have become available as loans have been retired, . but we don;t know. They did say in the Addington weekly update that betting was up if I remember correctly.
  2. There is a lot of doom & gloom posted here but looking at the sales and the fact Addington have been able to increase stakes indicates things may not be as bad as some think. While betting figures seem hard to come by and we rely on general statements lacking detail from one source or another, Addington would seem to be doing alright in this regard. If their betting figures had decreased significantly I can't see how they would be able to achieve the increases they have. For sure the glory days of the 60's & 70's are over, never to return but there is still significa
  3. Addington seem to have increased stakes at their Friday night meetings significantly. Despite all the doom & gloom it would suggest there revenue is actually on the up. Would be good if they did a press release, even if it's just on Harness link promoting or explaining how this increase has been able to have been achieved
  4. I see that apart from a amateur drivers race for 8k on Friday, we have 3 x $12.5k races, 2 x $15k races, 3 x $17.5k races an a $20k race. Have Addington sneakily put up their stakes without telling anyone? If so good on them but I thought it would have been worth a press release
  5. A quick comparison of tomorrows Addington meeting with the equivalent meeting last year seems to show what I suspected. The stakes at Addington seem to have actually increased. The intermediate grade are racing for $12.5kg and $15kg which is more than last year. Although some of the group races have had a stake reduction it is not as much as seems once you take the elimination of acceptance fees into account. In fact the Maurice Holmes Vase was raced for $28.5k this year as opposed to $30k last year, but taking acceptance fees into account the net stake has actually increased
  6. When are applications for the CEO job going to be advertised?
  7. I liken the TAB cutting radio & TV programs like the Box Seat to a company that reduces costs by cutting its sales force. It has an immediate positive effect on cash flow but as time goes on you naturally loose customers for whatever reason and 5 years down the track you don’t have enough customers to support the business as no new customers are being bought on.
  8. He had what must be his most successful day in the USA so far today winning 6 races three of which were worth $250k each
  9. lamour

    CEO

    Not sure if you’re serious or just stirring. Wellington makes no sense at all. Nil interest in HR there. All you would achieve is complete disruption of all staff members lives, (Except Mr Holden) higher rent and travel costs with no upside. As far as Population, the biggest population of horses, licensees and owners is in Christchurch.
  10. lamour

    CEO

    Well let’s hope & pray that they get a high quality of applicants. I guess if nothing else at least a proper process is being followed. I do think the Board needs to insist on the next CEO being based in Christchurch. Who is paying for the acting CEO,s commute now?
  11. lamour

    CEO

    I see Phil Holdens appointment is till 31st March 2021. A recruitment Process is to get under way soon. Best news I’ve heard all week.
  12. The Maurice Holmes Vase next week has a Small stake reduction over last years event, down from $30k to $28,500. But it looks like The Met have dropped the acceptance fees on the race so the nett stake is actually higher than last year. In the 2019 event $22,875 was distributed to the first five home after acceptance fees were deducted from the stake. In the 2020 race they will win $24,480. Have The Met finally given in to common sense? If so, we’ll done
  13. The board should call a meeting of all interested parties to discuss options for growth. This should include representatives from younger people in the sport, many of whom are very tech savvy and have a lot to contribute. Such a meeting would not be to air petty grievances or have a go at administrators but to focus on what we all want, higher stakes and more participation. Positive people like Ken Breckon, Andrew Fitzgerald, Jess Davidson to name a few, and there are many others, who I’m sure would have good ideas and like to be involved.
  14. It seems they have been happy to muddle on running the industry on a day to day basis, dealing with issues when they arise but with no strategy or real plan for growth. This is no longer an option. Time for the board and the CEO to earn their money.
  15. 1- Do you believe it is in the best interests of Harness Racing & transparency that a CEO is appointed without proper process, ie opening up the recruitment process to others with appropriate skills.? And if so why. 2- Will you be producing a vision statement for where you want Harness Racing to be in 2 years, 5 years & 10 years time? 3-Will you be producing a plan outlining how you are going to reverse the decline in Harness market share of wagering to the other racing codes?