Always back the horse named self-interest, son. It'll be the only one trying
This is an email that every Kiwi’s favorite trot syndicator The Canary (aka Andrew Fitrzgerald) last week sent out to people on his mailing list, trying to flog them a 0.1% share in the horse SCOTT for $100 bucks. There are a few problems with The Canary’s pitch. One is that a hundred bucks for […]
According to the rumblings we are hearing emanate out of Brisbane, all may not be well in the house of everyone’s favorite syndicator KO Racing. Or should that now be KO & KC Racing Group Pty Ltd, as it seems to be known these days with Kirk Cockburn joining Kobie O’Brien in the ownership group. […]
By Ray Paulick When MyRacehorse’s Seize the Grey won the Grade 1 Preakness Stakes and the winner’s share of the $2-million purse, I was one of those people who pulled out a calculator and started doing the math. If the Arrogate colt earned $1.2 million from the race and there are 5,000 microshares in the […]
Everyone’s favorite syndicator KO Racing purchased the tried racehorse Maotai from an Inglis online sale in December for $90 000. Since that time it has been attempting to syndicate its $90k purchase in small shares worth a total of $150 000, continuing the KO Thoroughbred practice of heavily marking up the price of horses that […]
Sailor’s Rum was purchased at the recent Inglis March online auction for $37 500. He is being sold in 1/40th shares worth $1525 each by One Syndications. That values the worth of the horse as $61 000, which leaves not a bad profit marging for the syndicator. Not quite as good as the yearling filly […]
Andrew ‘the Canary’ Fitzgerald came good yesterday. Well sort of. Queen of Swords won heat of the Magnus Benrow Sires Stakes for 3yo fillies She was one of the 4 horses that Fitzerald syndicated in 0.2% slices worth $160 000 all up, or $64o per microshare. The prizemoney won by Queen of Swords yesterday was […]
It was interesting to observe that the Queensland based thoroughbred syndicator KO Racing didn’t purchase any yearlings at this month’s Magic Millions QTIS sale. Many are speculating that this is because they still owe $760 000 to the auction house from the January sales and with the debt outstanding couldn’t get any further credit. Far […]
The advertised price is for a 0.1% share We recently wrote about KO Racing and the massive markups they were putting on the share prices of yearlings they had purchased just a fortnight before at the Magic Millions Sale. Well that usurious practice isn’t just restricted to Australian syndicators, for our favorite Kiwi micro-share seller […]
Yesterday we predicted that the $540 000 in a fortnight mark up men KO Racing’s giveaway share ‘worth $1000.00s’ would be in one of its cheap used horse buys, and today we have been proven correct. The share is in the Bendigo maiden winner that we highlighted Celestial Harbour, which was purchased online by KO’s […]
What a wonderful gesture by KO Thoroughbred Racing to give away a share in a racehorse worth thousands, especially after they have put a $540 000 mark up (less expenses) on the three yearlings they bought at the Magic Millions earlier in the month. Which horse will it be? One of the yearlings or one […]
