dock leaf

yes that is what was said

Me too please La Zip. I'm small time breeder too. Cheers

And the trainers comments can skew the odds. And why have interviews if it has nothing to do with us? Steering punters away from a winner is bad for the game, but who cares it's almost fcked anyway.

I don't get how Turny thinks this clever, Ivan sounds like a decent punter and as we all know - NZ racing doesn't have enough of them. But this is just another reason for him to quit. Then Lance will be left to wonder why the silly punters aren't generating his stake money.

Only problem with Patrick Erin winning, is him earning more weight for the Wellington Cup

Thanks Hesi, I just assumed she meant 4 houses per year, and I know what they say about assumption. I wonder if it will be a 5 year bright-line for farms as well? Cheers.

I read this one today, it's getting off topic a bit but it is an example of a young person working hard to own property. Submitted to Stuff: I am an Evil Property Investor Like most twenty-somethings, I went on my OE. While there, I did everything on a shoestring. I never took taxis if I could help it – I walked or took buses - to the point of being at night in places no lone female should be. When I travelled, I went via budget airlines, slept in dingy accommodation and ate street food. All so I could send as much money home as I could. This went towards paying off my student loan and buying my first home. It was a rundown, 100-year old workers’ cottage in a humble neighbourhood in Christchurch. Several years later I had renovated and paid off enough so that when I sold, I was able to buy a two-bedroomed flat in Auckland. Unfortunately, I bought badly and I did not get the capital gains enjoyed by other home owners at that time. Last year, I was able to borrow against my flat to get an extremely rundown deceased estate in a provincial town. It was three hours’ drive away and had been on the market for 18 months. For nearly a year, I put all of my time, energy and money into that house. During the week, I worked two jobs. On Friday evenings, I drove down and spent the weekend demolishing, filling skips, mowing lawns, patching holes, gibbing, gib stopping, sanding, painting, polishing, ripping up carpets/vinyls/tiles, weeding, waterblasting, tiling, assembling kitchen cabinets, landscaping, fitting mouldings, crawling under the house, installing insulation, making and hanging curtains and blinds, pulling up carpet tacks, trimming hedges etc., etc., before driving back to Auckland, arriving at 10-11pm on Sunday night, ready for the next working week. I slept at the house, on an air bed, with no kitchen to prepare healthy food in, over a freezing winter with no ceiling in the main part of the house, showering in a bathroom with no door and missing 1/3 of its walls. Every penny I had went towards paying the mortgage, renovation materials and tradies for the jobs I couldn’t do myself. So putting money into the local economy. I had no life for a year. No going out to have fun, no holidays, no nothing. My health suffered. The stress was incredible as a few times, due to delays, I thought that I was going to lose it all, as my ability to keep paying the mortgage was going to finish before the house was habitable. For the sake of about $5000, I thought I was going to end up at a mortgagee auction. Yet I found a way to push through it and although it’s still not finished (a few more of those weekend trips to go) I got the house into a state where it could start earning money and paying for itself. This year, it will start turning a profit and I will start paying tax on those earnings. Yes, rental income IS taxable. Much of the public seem to think that because I am a property investor, I have wads of cash for designer goods that I, being evil and greedy, have practically stolen from hardworking Kiwis and that I drive around in a BMW. Actually, I make much of my own clothing, grow fruit and vegetables and drive a 1994 Toyota. I have no Sky or Netflix, no unlimited broadband, no smartphone and do not rush out to buy gadgets I don’t really need. I have an investment property because I SACRIFICED and live FRUGALLY. And I am hardly unique. The bulk of investors in NZ are like me and only have 1-2 properties. Many of them have bought run-down properties that they have renovated with their own two hands, to provide tenants with a modern, comfortable home. Most are quite humble and simply want to provide for their retirement. Buy a doer-upper is a classic investor strategy to make money, known as ‘adding value’. I took an unwanted, dilapidated mess of a house and turned it onto something that will contribute to the economy. I literally put blood, sweat and tears into it. And you know what? I DESERVE the fruits of it. I have more than EARNED any profits from it. Yet according to Labour’s socialist agenda, I am over privileged, born with a silver spoon in my mouth, and I should give a good chunk of what I have achieved, to those who have done nothing to earn it. They weren’t there when I was shivering in that open shower, putting the umpteenth barrowload of rubbish into the skip or wondering how I was going to pay the electrician’s bill. They say that decent, hardworking Kiwis deserve their fair share. Well I AM a decent, hardworking Kiwi and this IS my fair share because I put so much hard graft into it. I created an income-producing asset that will be paying into the tax pool from the earnings from it, for many years to come. How is that not paying my fair share?

So that covers pretty much everybody Jacinda is complaining about as being tax dodgers, eg flippers flippin 4 houses a year. She's not quite telling the truth is she

Investment properties bought and then sold within two years are subject to CGT are they not?

While I am also proud of how Ellerslie have accumulated their pile of cash. I'd like to see them spend it on enhancing nz racing. I imagine they intend to at some stage The team in charge at ARC and the teams prior to them obviously inherited prime real estate to work with in the biggest city that is bursting at the seams. Imagine if they couldn't make money! In my opinion NZRB and NZTR rightfully hand Ellerslie the best race dates, with the best stakes to attract the best horses. The lump sums to promote their carnivals is a bit much though. The crowds that are attracted on-course predominantly spend their money on catering rather than punting so that money goes into ARC's pocket rather than the industry's. Imagine if they couldn't make money! While some on this site like to rubbish the smaller clubs and race courses, they still manage to scrape by, despite doubling as training facility's, and getting allocated worse dates, and poorer stakes, and are generally run on modest budgets by volunteers. In summary I'm glad Ellerslie are sitting pretty, hopefully they have something good planned for racing in the near future. I'm also proud of the smaller clubs that are contributing positively to the industry. It be interesting to see a report on which clubs financially drain the industry, probably too hard too measure? Cheers

Thanks Nasrulla

I haven't studied the figures closely myself, but there seemed to be plenty of yearlings in the select and festival sales selling for less than their sires service fee. Does anyone have an opinion on which stallions will or should be reducing their service fee next season? Cheers

Is it recorded anywhere how much industry money has been allocated to each club over the years or even the last few years, (stakes, track and facility maintenance, irrigation, starting gates, race meeting promotion payouts, strategic venue payouts etc) and then how much each club has returned to the industry from their race days off and on course betting? And would this help show up which clubs are costing the industry the most? And what are the other obvious factors to consider. And yes I know our best races, should be on the best race dates at the best venues. Hopefully these race days are somewhat $uccessful

no blanket this year but its still happening to me

Interesting thread, the handicapping system makes it very hard to follow form for the average punter. Placement of horses and working the system seems to be more important than the actual training of a horse. Really like the way Southern Sav has been prepared this campaign. Look out for him in the penalty free Metropolitan next week. cheers

Maybe Hesi and Leo had some good idea's about how to word your survey better, and how you need the big names in the industry to be involved. But as Leo pointed out - the big players seem to be content with the current situation. Need another 50 Chris Wood's. Thanks for trying Scooby. Cheers

22nd May was the last meet in the deep south. 23rd September the next.

Currently, I believe the owner is the most important - because of the mismanagement at the top. These sucker owners are currently the ones keeping the industry going - by giving the trainers an income and the clubs some horses to fill the card. Everyone agrees owning a horse is currently a dud investment, no owner wants rewarded for owning a slow horse but it must be demoralising when you get a good one and still lose money. So thanks to those owners that are sticking in there. Ideally, the punter should be the most important. If they were looked after - then stake money would rise (barring mismanagement) then with decent stake money the owners would be easier to find. Then trainers would be able to lift their rates. vicious cycle

apologies huey. i just re-read my earlier posting, i mean't to type inexperienced instead of experienced. and i mean inexperienced, very close to no idea. cheers

Yes . With those picks, I'd probably need to spend a lot to hopefully make a little bit more

Thanks Huey I read over Lot 2 for quite sometime yesterday too. You obviously have no reservations about No Excuse Needed? I have a very experienced eye for this business, and 31, 45, 50 and 62 What are peoples thoughts on Zacinto? Cheers

Any top picks? http://www.nzb.co.nz/sales/sale.cfm?ordered=lot&sort=asc&sale_id=188

How long has that been in play? Why is it being used? and what are the pro's and cons? Thanks, and good luck to everyone over the holidays

cromwell today? winton was friday

Please find attached NZTR’s 2015 Performance Report which records our performance against the 2015-17 Business Plan. The 2015-17 Business Plan contained 41 KPIs and NZTR performed as follows: 1. NZTR achieved its KPI (2015-17 Business Plan forecast) and met or improved on FY14 for 24 of the 41 - 58.54% (compared to 16 of 44 or 36% in the 2014 Performance Report) 2. NZTR improved on FY14 but failed to meet the 2015-17 Business Plan target for 7 of the 41 – 17.07% (compared to 5 of 44 or 11% in the 2014 Performance Report) 3. NZTR failed to improve on FY14 and failed to meet the 2015-17 Business Plan target for 10 of the 41 – 24.39% (compared to 23 of 44 or 52% in the 2014 Performance Report) We are planning to have copies available at the Racing Club Conference and AGM at Riccarton Park Racecourse on Friday. Simon Cooper Company Secretary NZTR PERFORMANCE REPORT 2015 (web).pdf