Forums

Bloodstock & Breeding

Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
Johnny_Mustang
28 Oct 11 12:39
Joined:
Date Joined: 18 Feb 07
| Topic/replies: 13,801 | Blogger: Johnny_Mustang's blog
After a decent year on the track, the owners of French-based stallion Kendargent have decided to syndicate him. 80 shares have been made available at €20,000 a pop.
Pause Switch to Standard View French stallion syndication
Show More
Loading...
Report truehoncho October 28, 2011 2:33 PM BST
i have no idea if this is value or not, but i would be interested to know if purchasing stallion shares is a profitable exercise. do many come up for syndication? are there brokers dealing with stallion syndication?
Report midas7 October 28, 2011 5:28 PM BST
I set up a thread on similar lines ref stallion syndication as it was a route I had thought on taking a punt on with in September.In deference to JM'S inside knowledge of Stallion movements (superb his info on same)I checked this fellows stats on the FranceGalop website.8 yo who stopped racing as a 4yo (not a strong pedigree I would suggest or race record either,he was exported to USA IN 2007.Brought back to France I assume 2008.

Has had 89 foals and from 21 races from progeny 6 wins and 9 places,prizemoney and breeders premium 158K euros.Interestingly his 6 winners have come from 3 fillies only runners have been fillies up to date. Currently standing for 1k euros.I'm not in anyway slagging this fellow but  80 shares at 20k a pop= 1.6 million euro, would it be unfair to suggest the value of this fellow would be with the current owners. The figure of 20k for approx 1/80 would interest me but am I kidding myself on that there is better value out there/somewhere/anywhere??
Report midas7 October 28, 2011 5:29 PM BST
Apologies prize money plus premiums 275k euros
Report truehoncho October 28, 2011 6:47 PM BST
midas7

surely there are better options than that? he would have to improve and acheive a considerably higher fee before you can even sniff a profit based on those figures.

If we look at the value end, how much would a Captain Gerrard or Monsieur Bond been worth at the outset of their stud careers? These stared at about 3k, would they have been valued over £1m? I ask because i really don't have a clue. I know nominations can be purchased, but how easy are they to trade?
Report midas7 October 28, 2011 7:38 PM BST
Totally agree Truehoncho,

Like yourself I have no idea about sourcing possible share options to Stallions but as you say the figures for this fellow would'nt add up commercially unleess of course he strikes gold in the next year or so with his progeny. Would love to hear from anyone who has experience of the Stallion route ref share option possibilities
Report Johnny_Mustang October 29, 2011 7:24 AM BST
As I understand it, Kendargent will stand for €4,000 live foal in 2012 and your share would entitle you to two coverings each in 2012 and 2013, then one per year thereafter. There's no doubt that being by Kendor out of a Linamix mare, his appeal lies solely in France. And for me, that's the problem. Aside from the two very top stallions in France, UK and Irish breeders rarely support French-based stallions which therefore narrows your options as you will be at the mercy of French buyers. With the best will in the world, I can't see Kendargent yearlings being offered by the dozen at Arqana August (the sales company hardly lets in yearlings by the more-established French stallions at that sale), so for me, they'll only come to market at Arqana October. I think I'd prefer better odds than that.

(This could be an embarrassing thread for me when Kendargents are sales toppers at both Orby and Book 1 in 2014!).
Report potentialmillionaire October 29, 2011 1:38 PM BST
I shall endeavour to commit this to memory J M. as I would be nothing short of negligent if I didn't remind you in a few years time.  You do understand, ofcourse. . .Devil
Report Johnny_Mustang October 29, 2011 4:39 PM BST
Shocked
Report midas7 October 29, 2011 9:35 PM BST
Thanks for the details JM (you really are the font of knowledge when it comes to stallion movements etc)have you any info on stallion share options etc that I could further investigate, as for the above fella much to narrow a market surely ie France to have a gamble on !!!
Post Your Reply
<CTRL+Enter> to submit
Please login to post a reply.

Wonder

Instance ID: 13539
www.betfair.com