TARANAKI RACING INC - New Plymouth Raceway

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TARANAKI RACING INC - New Plymouth Raceway
TARANAKI RACING INC.
      Formerly Taranaki Thoroughbred Racing Inc.

        8th Annual Report and Balance Sheet of
                  Taranaki Racing (Inc.)
           for the year ended 31st July 2017

      To be presented at the Annual General Meeting
to be held in the Rough Habit Lounge, Pukekura Raceway
             on Monday October 30th at 7pm
TARANAKI RACING INC - New Plymouth Raceway
Business
1.                                  Receive Annual Report and Balance Sheet.
2.                                  Elections: Vacancies (4)
                                    Nominations: J Millar, R Stanley, D Wheeler, J Wheeler
                                    No Election required
3.                                  General Business

Officers
Chairman:                           V Watson
Deputy:                             J Martin, N Stanley
Board:                              Chairman, Deputy (ex officio),
                                    D Cambie, M Collins, W Darling, F Longeau,
                                    R Stanley, J Wheeler
Stewards:                           J Angell, D Armstrong, P Baker, P Bingham,
                                    D Brophy, T Corric, D Fleming, J Fleming,
                                    P Fleming, M Gibson, M Goodin, E Harris,
                                    I Hobbs, D Julian, R Julian, D Kettlewell
                                    P Mullin, J Millar, S Park, M Thompson, J Todd,
                                    D Wheeler, T Wylde
Judge:                              R Stanley
Handicapper:                        NZTBR
Starter:                            B Clement
Clerk of Scales:                    W Coombes
Clerk of Course:                    K & J Laurence / T Egan
Hon Timekeeper:                     I Hobbs
Commentators:                       T Lee / A White
Auditors:                           Silks
C.E.O.:                             C C Hobbs
Course Super:                       D Goodin
Life Members:
Taranaki Racing Club:               Messrs T N Wolfe,                            Board Attendance to July
                                    B W Mason,                                               (11 meetings)
                                    M W Honeyfield, B Kelly,                                         Seconded Liaison
                                    J Wheeler, I Hobbs                          J Martin       7     M Collins    6
Opunake Racing Club:                Messrs D A Julian,                          N Stanley      9     F Longeau    9
                                    R J Poole, R T Stanley                      R Stanley      8     W Darling    6
Taranaki Trotting Club:             Messrs G Benton,                            V Watson       9     S Goodin     1
                                    P D Bingham, W L Bolton,                    J Wheeler      8     D Cambie     6
                                    D Cambie                                                         M Goodin     1

                                                     Front Cover:
            Longchamp beating Nashville and New York Minute in a stirring finish PowerWorx Opunake Cup 2017
TARANAKI RACING INC - New Plymouth Raceway
Chairman’s Report
It is my pleasure to present this, my 2nd Annual Report       We are fortunate to have the support of great sponsors
as Chairman of Taranaki Racing Inc.                           and I wish to acknowledge the massive part that you play
                                                              in our operation.
It has been an extremely difficult year, with the weather
seldom playing its part, however again I am happy to report   The Platinum Homes Taranaki Cup was won by Matamata
that the Club made a cash profit before depreciation in       visitor King of Sway and the Phoenix Park 2YO Classic by
what was a difficult year for all our industry.               local 2YO Irish Flame for John Wheeler. The Powerworx
                                                              Opunake Cup was won by Longchamp trained by Andrew
Your Board and C E O are always working hard to maintain a
                                                              Campbell for the second year in a row. It was a strong race.
sensible yet innovative approach to managing our financial
                                                              A further strong running of the Bob Sharrock Memorial
and industrial interests.
                                                              Oaks Prelude sees this race close to Grp III status.
The industry is struggling and hopefully some positive
                                                              Congratulations go to our local trainers for their successes
action will take place soon. New race field legislation;
                                                              during the season. In particular Kawi (Allan Sharrock)
though not in Parliament yet, promises to open up new
                                                              and Pentathlon (John Wheeler) continued to perform at
opportunities in the area of returns from wagering on
                                                              the highest level.
Racing in New Zealand.
                                                              In line with our Strategic Plan, the 4th Stable Block has
The Club was saddened with the passing of Harold Tuson.
                                                              been finished and the painting of all the Tuson Lounge
Harold will always be fondly remembered and missed by all
                                                              plus a new running rail are other projects successfully
at Pukekura Raceway. Another sad loss was staff member
                                                              completed.
Mike Crowther who passed away very unexpectedly.
                                                              I wish to especially acknowledge the hard work of our
Long-time Board Member Steak Goodin retires from the
                                                              staff and their loyalty.
Board this year after many years of sterling work. He took
an active role in many projects and hopefully will continue   To my fellow Board Members, thank you for your support
to do so as a Steward of the Club. We wish him the best       and hard work. We are very lucky to have the talent,
and hope his health continues to improve.                     knowledge and passion for Racing around our table and I
                                                              look forward to our continued success in the challenging
Our race meetings again during the season have been well
                                                              times ahead.
supported and continually receive accolades from people
who come here as participants in the industry, on the way     Lastly thank you to the members for participating in this
we do things. This situation reflects the hard work that      outstanding Club.
is put in by many people including our Staff, Stewards,
Clerk of the Course, Caterers and everyone who is involved
in the work that goes into producing a Race day event.        Vaughan Watson

                                                              Chairman. Taranaki Racing Inc.

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TARANAKI RACING INC - New Plymouth Raceway
Facts at a Glance
                                       11-12         12-13        13-14        14-15       15-16        16-17
On CourseTurnover                   1,707,285     1,503,405    1,348,096    1,423,925    1,471,809    1,230,240
Off Course Turnover                13,531,272    12,472,683   10,467,165   10,312,658   10,975,374   11,220,483
Fixed Odds                          2,263,637     2,629,176    2,763,817    3,692,630    4,581,633    4,444,348
Industry Bulk Payments              2,086,942     2,341,620    2,205,517    2,187,251    2,411,294    2,504,639
Stakes                              1,575,900     1,687,095    1,583,413    1,507,539    1,743,991    1,856,801
Net Racing Income                     500,800       420,475      422,153      427,412     471,562      331,737
Dpn & Impairment                      182,556       194,359      207,089      213,493     259,205      253,404
Profit/(Loss) After Dpn & Imp.       (27,895)      (71,401)    (104,203)     (74,120)     (61,137)    (119,857)

Turnover Report
Oncourse                            2015/16       2016/17
August                              100,513        841,31
September                            24,318        27,657
September                           133,832       115,566
October                              31,208        19,428
November                             88,228        79,109
December (9 races)                   79,075        91,955
December 24th                       121,456        76,007
December (8 races)                  171,867       150,504
Jan/Feb                              64,307        78,341
February                            244,211       190,254
April (7 races)                      19,635        16,992
April Harness                        66,124        62,556
May                                 132,117        85,796
June                                 41,733        22,600
July (8 races) *                    153,188       129,342
Total                             1,471,809      1,230,240
                                     +3.4%         -16%                                 *Transferred to a Sunday
                                                                   Fixed
Offcourse
                                     2015/16      2016/17           2015/16      2016/17
August                             1,063,959     1,033,796          304,180      361,110
September                           454,256      476,349            119,376      213,291
September                            992,096     1,143,806          327,527      409,010
October                              527,594      521,824           241,227      204,011
November                             602,903      493,500           249,245      227,332
December                             586,803      730,046           311,799      313,218
December                             786,552     1,176,689          380,048      420,752
December (8 races)                   666,897      632,031           365,270      290,549
January/February                     483,384      642,060           215,584      245,483
February (9 races)                   911,258      842,001           432,782      353,860
April                                413,856      462,934           190,798      225,056
April Harness                        786,971      678,903           381,492      310,450
May                                1,022,093     1,098,709          378,018      309,315
June                                 457,889      394,475           169,974      150,389
July (8 races) *                  1,218,863      8,929,86           514,373      410,522
actual                           10,975,374     11,220,483        4,581,633     4,444,348
                                     +6.4%        +2.1%               +24%        -0.08%

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TARANAKI RACING INC - New Plymouth Raceway
Racing Report
Saturday August 22nd
ITM Interprovincial was raced on a pretty good slow 7 for this time of the year and was taken out by the
Chris Wood trained Pacorus. It made for a great day for the visiting Cambridge Trainer as he won earlier
with hot pot Wooden Edge. A poor start to the season for local trainers with no winners. The set-up in the
ITM room again was outstanding and their guests really help make this day.

Thursday September 9th
A heavy 10 track for our first Industry Midweek meeting of the season. Two local winners Always Dreaming
for Ilone Kelly and Art Deco for Allan Sharrock.

Saturday September 24th
No local winners again at Xtreme Raceday. The highlight of the day had to be the classy St Emilion winning
the Powerworx Greys in a close finish. Only an average Saturday crowd but the weather wasn’t flash with
rain throughout the day.

Thursday October 27th
A double to Allan Sharrock with wins by Victoria’s Legacy and Ishinktaatldo was matched by Stratford’s Jeff
Bliss showing the importance of midweek industry days in Taranaki’s Racing Infrastructure.

Twilight Friday November 18th
Fine weather for the first twilight of the season saw a good crowd enjoy the racing, although the slow track
saw starter numbers down on budget. A double to Rob Patterson with Fascino Lass and Woodbine Lad
and Malibu Miss winning for Sandy Dravitzki.

Thursday December 1st
Another large Christmas at the Races corporate crowd witnessed some good racing on a Dead 6 track. The
only local winner was Tellyuwhat for Allan Sharrock.

Saturday December 24th
Pretty reasonable fields, good crowd but only one local winner Light Em Up for Janelle Millar. As the only
Saturday thoroughbred meeting, the off-course turnover was very respectable. This season we don’t have
this date as Manawatu return to the pre-Christmas Saturday slot.

Tuesday December 27th
With racing only 3 days previous, the fields were fairly small but the racing was enjoyed by our usual large
post-Christmas crowd. Locals won half the card with a double to John Wheeler with Alamcferson and
Vencedora whilst Allan Sharrock won with Mars Bar and Ilone Kelly successful with Red Rascal.

Thursday January 5th
The decision to run two one day meetings for harness was not successful. It created a lot of angst with
thoroughbred participants as we saved the rails for the harness meeting. Next year we only have the one
harness raceday in March.
The feature race the Woodlands Stud Taranaki Breeders Stakes was won in a stirring finish by the Josh
Dickie driven Alta Valencia. Whilst the fields were reasonable, it was disappointing to only have 8 races.

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TARANAKI RACING INC - New Plymouth Raceway
Speirs Wireline

Local syndicate Winners Circles pride and joy Effectav winning
                    on her home track.

                                                                     Linwood Park
Waikato victory in the ITM Interprovincial excited connections

                                                                    La Nuova
                at the Birdcage presentation.

                                                                    Apparelmaster

                                                                 www.platinumhomesnz.co.nz

 Our King Sway finishes strongly to win the Platinum Homes
                     Taranaki Cup 2017.
                                                    -4-
TARANAKI RACING INC - New Plymouth Raceway
Twilight Friday February 10th
This twilight raceday moves to pre-Christmas next season and may be more successful there as it has
struggled to reach the turnover we had hoped. Still with strong support from Speirs Wireline, it was a highly
successful day. Effectav started the ball rolling by winning the first for the Taranaki Racing Club Syndicate.
The other local winner was On Debut for Allan Sharrock.

Saturday February 18th
Drizzle and a slow 8 track meant that Platinum Homes Taranaki Cup day wouldn’t be quite as successful as
we would have liked. The cup was taken out convincingly by Our King Sway whilst the Phoenix Park 2YO
Classic was taken out by Irish Flame trained by John Wheeler. This was a top effort as the Zed 2YO defied
popular belief in easily accounting for the remainder of the field after being slow away. This season the
Avondale/Taranaki date clash will be avoided which should lead to significantly better fields.

Thursday March 2nd
The Revital Fertilisers Taranaki Cup went north to the Tony Herlihy trainers Walkinshaw who justified his
favourite tag with a strong victory. Only 9 races again, hopefully next year we will get more races off the
ground.

Thursday April 13th
Raining and a heavy track for the autumn mid-week raceday meant not large fields. Locals had a good
day winning four. A double to Allan Sharrock with Jackson Road and Ladies First who carried on with her
good form becoming a black type winner. The other two victory’s went to Rosewood for Marilyn Paewai
and Tinkalicious for Janelle Millar.

Saturday May 13th
70+ mls of rain heading up to the meeting meant 37 less horses than May 2016. Obviously turnover and
profitability took a hit because of this. Two local winners Rosewood again for Marilyn Paewai and Sakura for
Gary McBeth. Sakura’s was a great effort by horse and rider as the saddle slipped and gave Holly Andrew
an uncomfortable ride.

Thursday June 8th
Locals won 4 of the first five races. Rhythmic Dancer a welcome win for Bryce Revell whilst Katie McKeen
again showed her liking for Pukekura Raceway with a 9L victory. Call Doubt for Glenys Hayward won again
and Ruby Love just got up on the line to give Janelle Millar victory.

Saturday July 22nd
The Powerworx Taranaki Cup. After a terrible week weather wise, the decision was made to postpone
to Sunday 23rd. This meet with universal approval from the Industry as the early decision allowed all to
plan accordingly to race on the best day to ensure the whole raceday could be run without incident. The
Powerworx Taranaki Cup was a terrific field and was won in a stirring finish by Longchamps, he may be back
next year to attempt the three peat. Pretty good turnout for a Sunday. Local winners were course specialist
Katie McKeen for Gary McBeth, Rosewood; a very game wee filly for Marilyn Paewai and in the last Allan
Sharrock trained Landlord. This last victory helped Board Vice-Chairman and co-owner Noel Stanley to win
the punters comp and help finance his impending move to town!

                                                    -5-
TARANAKI RACING INC - New Plymouth Raceway
Winners Trained On The Track
A fairly ordinary total for Pukekura Raceday trained winners for the 2016/17 season with 75. Allan
Sharrock easily the most wins with 28. With horse numbers decreasing, it it unlikely that New Plymouth
trained winners will exceed 100 again in the foreseeable future.

Sponsors
The President and Board of Taranaki Racing Inc acknowledge the wonderful support from race sponsors
during the racing season. We urge you where possible to support these firms as they have supported us.

Mason Appliances Ltd                  Spiers Wireline                    Peter Sole Transport
Lion Red / Speights / Stella Artois   Primo Wireless                     GRAPHIX - Design Print Web
Phoenix Park                          Telfer Young                       Mobil New Plymouth
Waterfront Hotel & Salt Restaurant    Taranaki Associated Cleaners       Ascot Bloodstock
Energy City Ford                      NZ Bloodstock Leasing & Finance    Purina Petfood
La Nuova Apparelmaster                Daves Patch                        HTL Insurance
Powerworx                             Denis Wheeler Earthmoving          Coastal Agri Services/ DeLaval
Schweppes’ Coca Cola                  The Taranaki Daily News            Sandfords Rural Carriers
Linwood Park                          Liquor King                        West End Bowling Club
www.platinumhomesnz.co.nz             Tony Epplett Signs                 SmokeyLemon
Warrnambool Racing Club               Energy City Vets                   Return to Earth
ITM Building Centre                   Rimu Electrical                    Wayne Beggs/Maxine Rogers TSB Realty
Hirepool                              Crowded House                      Landmark Homes
Subway Bell Block                     Kiwi Butcher                       Keith Chittenden
Seaton Park                           Nulook Aluminium Windows & Doors   Harold Tuson Life Member
Revital Fertilisers                   Anton Mora & Son Painter           Ice Electrical
Taranaki Horse Transport              Atlanta Golfing Challenge          Timber Co
24/7 Security Solutions               Andrew Fage Catering               Dman Entertainment
Ecolab                                Allan Sharrock Stables             Heatcool
LFF New Zealand                       Life Members                       Epic Journeys
Sporty’s Bar & Cafe                   Hamilton Vet Services              Fibre Fresh
Woodlands Stud                        NZ Broodstock Pearl Services       Peninsular Beachfront Resort Mooloolaba
Tasman Oil Tools                      First National Mills & Gibbon      Drought Family
Taranaki Steelform                    Asure Saddle-Sulky Motel           RJ Eagar Furnishing
Winners Circle                        Comcat                             Fasttrack Insurance
Fleming Family                        Juffermans Surveyors               Girls Go Racing
Bruce & Allan Sharrock                Farmlands                          Cast Iron Services

                                                    -6-
TARANAKI RACING INC - New Plymouth Raceway
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Members List 2016/2017
LIFE MEMBER
BENTON, G            CHAPMAN, K          HARRIS, L T              MCKENZIE, G
BINGHAM, P D         CHARD, D R          HARTLEY, A               MCLACHLAN, G/JULIAN, W
BOLTON, W L          CLARK, I S          HARVEY, A                MEGCHELSE, MRS K M
CAMBIE, D            CLIFFORD, L         HARVEY, R G              MELLOW, G & D
FLEMING, MRS M       CLIFFORD, T & J     HASZARD D M A            METCALFE, MISS J
HOBBS, I             COCKERILL, L        HELLIER, J               MILLAR, J
HONEYFIELD, M W      COLE, MRS K         HELLIER, MRS J           MILLYNN, S J
JULIAN, D            COLE, MRS S         HERBERT, G               MOLLER, N R
KELLY, B             COLE, S             HERBERT, K               MORI, F R
MASON, B             COLLINS, M & J      HEWSON, G M              MUIR, MS G
POOLE , R J          CORRIC, MRS M M     HEYDON, A                MULLIGAN, S
STANLEY, R T         CORRIC, T           HEYDON, E                MULLIN, P V
WHEELER, J           COTTAM, S & S       HILL, A                  MULLIN, K & J
WOLFE, T N           COULTON, J & R      HILL, MRS C              MURRAY, C & I
                     COWLEY, P & S       HICKFORD, M              MURRAY, M
MEMBER               CROSSAN, G          HINTON, T                MYERS, D J
ABRAHAM, MRS G M     CURD, P             HITCHCOCK, B & L         NEAL, M
ABRAHAM, G M         DANIELS, B J        HOAR, G                  NEILSON, D & J
ADLAM, T/SCOTT, T    DARLING, W P        HOAR, M                  NEWLAND, D
ALDRIDGE, G S        DAVIES, MISS E S    HOBBS, C                 NIELSEN, P J
ANDERSON, DR B       DAVIES, E J         HOLLAND, P               O’LEARY, P & R
ANDREOLI, C          DEMPSEY, M K        HONEYFIELD, K            OLLIVER, T & P
ANDREOLI, M          DONALDSON, M & G    HONNOR, MS W             O’NEILL, S P
ANGELL, J            DOWLING, K          HURLEY, T & T            O’SULLIVAN G
ARMSTRONG, D         DRAVITZKI, M        HURLSTONE, W             OWEN, C & R
ASKEW, G             DRAVITSKI, R        JACKSON, P & R           PAEWAI, R H
ASKEW, P             DROUGHT, A & M      JAMES, G R               PARK, S
ASKEW, MRS R         DROUGHT, N          JANE, MRS E              PARKER, D/FOGARTY, K
AVERY, I             EIFFE, L & R        JAHNKE, E                PARKER, D/KAHUKARE, G
AXTELL, I & M        EKDAHL, M & M       JEFFERIES, P R           PARKES, S
BACK, D & B          EPPLETT, T          JENNINGS, D E            PASCOE, E & C
BAEYERTZ, A          FEAVER, C & L       JOHNSTON, N              PAUL, G
BAKER, P R           FEAVER, M           JOHNSTON, P              PEASE, G/TE AWA, L
BALDOCK, D           FEEK, M             JOHNSTON, W/FLEMING, M   PEPPERELL, B
BAMFORD, J           FIELD, R & J        JONES, MRS H             PHILLIPS, G & M
BARLOW, P & S        FIELD, MRS S        JORDAN, R T              PHILLIPS, M & L
BARRETT, M           FLEMING, D P        JUDGE, C                 PIDGEON, G
BEGGS, W             FLEMING, J & A      JULIAN, MISS C           PIDGEON, MRS G
BERRY, M & A         FLEMING, P F        JULIAN, MRS K            POLLARD, F
BIRCHALL, K          FLEMING, T & C      JULIAN, R                PORTWAY, D & L
BISHOP, S            FLEMING, P          JURY, A                  PRANKERD, N
BLACK, N             FLEMING, W H        KALIN, P/DROUGHT, C      PRATT, L M
BLACK, B/GEE, L      FLEMING, W P        KAPERNICK, MRS E         RAINFORD, J & S
BOURKE, E            FOREMAN, I          KARA, R                  REES, B/LUCAS, H
BOURKE, MISS M M     FOX, D              KEARNS, S                REID, G & J
BRACEGIRDLE, S       FRIEDRICH, D        KENDALL, B P             REED, J
BRADLEY, B           GEMMELL, B & J      KENDALL, J A             RIDDICK, A/MITCHELL, T
BREWER, R            GIBSON, M & G       KENNEDY, P               ROBINS, L & R
BRIDGER, R & M       GILBERT, R          KENNY, R W               ROPER, B
BRIEN, G             GLASGOW, MRS M C    KERR, K B                ROPER, C P
BROOKING, A          GLEN, W A           KETTLEWELL , D E         ROSE, B
BROPHY, D P          GOBLE, K & D        LANGTON, R B             ROSE, M
BROPHY, K T          GOOD, A M           LAY, M                   ROSS, M /NORTHCOTT L
BROPHY, M M          GOODIN, J P         LEBON, H                 RUMP, C/HARRIS, E
BROUGHTON, K         GOODIN, M           LEWIS, L W               SCHREIBER, N & C
BRUCE, S             GOODIN, P & I       LINN, J                  SCHUMACHER, B M
BURN, G N            GOPPERTH, M & M     LOCKE, K                 SCHUMACHER, K J
BURWELL, F & N       GRAY, J R           LONGEAU, MISS F          SCOTT, C & C
BRYCE, N             GREEN, J            LYNSKEY, J               SCOTT, T
CADLE, P & M         GREENLEES, K        MACDONALD, G & V         SEAVER , K/MCKAY, L
CALDER, G            GREENLEES, M        MACDONALD, K L           SHARROCK, B
CAMERON, J           GRINDLAY, MS S      MALCOLM, S               SHARROCK, MRS L
CAMPBELL, M B        GRUSNING, C         MANNING, W               SIMPSON, R H
CANDY, B             GRUSNING, G         MARTIN, J                SIRETT, J
CARR, P R            HAMERTON, L         MCARTHUR, M              SMITH, D & S
CASKE, D J           HAMILL, L J         MCBETH, G                SMITH, N
CASTLES, P           HAMILTON, B K       MCCARTHY, M              SOLE, P
CATHIE, B            HAMMERSLEY, MRS P   MCDONALD, M              SORRENSON, M
CHAMBERLAIN, R & B   HARDY, J            MCKENNA, J               SPICK, L
CHAPMAN, A & H       HAREB, J F          MCNEICE, J B             SPURDLE, MRS Z
SPIERS, P                                 WARD, L J                                      YOUNG MEMBER
STANLEY, MRS K                            WATSON, V & F                                  BIRKETT, S
STANLEY, N H                              WEATHERALL, J                                  COCKSEDGE, MISS T
STEVENSON, J                              WEBBY, P & B                                   COXHEAD, B
STEWART, L                                WEBBY, Z                                       FRENCH, K
SWIFT, M                                  WEIR, M                                        HOFMANS, J
THOM, G                                   WELLS, P D                                     JACKSON, MISS A
THOMAS, K                                 WHEELE, D & DR                                 LANGSLOW, W
THOMPSON, B & S                           WHEELE, MISS K M                               LOVELL, C
THOMPSON, C                               WHEELER, L J                                   MCLACHLAN , M
THOMPSON, M J                             WHITE, G A                                     SHOTTER, C
THOMSON, M & T                            WHITHAM, G P
THORP, D T                                WHITTLE, M R
TODD, J W                                 WILLIAMS, B
TOON, MRS G                               WILLIAMS, K
TURNER, B                                 WILSON, C
ULENBERGH, M & J                          WOODHEAD, B
VAAFUSU, S                                WYLDE, T J
VALENTINE, K                              WYNYARD, D
VERCOE, T & J                             YOUNG, K
VERRY, B                                  ZIMMERMAN, T
VINCENT, L & T
WALSH, M T
WARD, C

               Irish Flame and Jockey Dylan Turner delighted with victory in the Phoenix Park 2YO Classic
Pukekura Raceway
1 Rogan St, Welbourn 4310, New Plymouth, New Zealand

         Ph: 06 757 5759 Fax: 06 758 2909
              www.taranakiracing.co.nz

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