Godolphin is bidding for Sunday’s Group 1 Prix du Moulin de Longchamp in France with a trio of horses that have won seven Group 1 between them.
The Charlie Appleby-trained Pinatubo joins Victor Ludorum and Persian King, the France-based pair of Andre Fabre, in Godolphin’s three-pronged attack at the prize.
Pinatubo was crowned Europe's best juvenile last year following an unbeaten campaign of six races that included Group 1 wins in both the Vincent O'Brien National Stakes and the Darley Dewhurst Stakes.
Returning to the track this year as a three-year-old Pinatubo suffered his first career defeat when finishing third in the 2000 Guineas at Newmarket on 6 June. He went down to Palace Pier by a length in the St James's Palace Stakes at Royal Ascot two weeks later.
They were both over the mile trip, and he bounced back when dropped down in trip, to seven furlongs, in the Group 1 Prix Jean Prat at Deauville in July under James Doyle, who retains the ride on the Sharmadal colt.
“We were delighted to see Pinatubo get his head back in front in the Prix Jean Prat after gallant efforts in the 2,000 Guineas and St James’s Palace Stakes,” Appleby told godolphin.com.
“We purposely gave him a break after that run with the view of going for this race. His preparation has gone well and we are looking forward to stepping him back up to a mile.
“It’s a very competitive race but we are very confident that we have Pinatubo in great shape and he is going to run a big race.
“I think it will be tactical but Pinatubo is blessed with the way he travels and his turn of foot. Hopefully, if we can get everything in the right order, he is going to be a big player.
“James knows Pinatubo very well, having ridden him for much of his two-year-old season including winning the Group 2 Vintage Stakes.”
Andre Fabre trains the French 2000 Guineas hero Victor Ludorum (Mickael Barzalona) and Persian King (Pierre-Charles Boudot), winner of the French Classic in 2019.
“Victor Ludorum has come out of his last race in good form and we are looking forward to seeing him back over a mile,” Fabre said.
Persian King failed to sparkle on heavy ground on his latest outing in the Group 1 Prix Jacques Le Marois at Deauville in August, in which he kept on in fourth behind Palace Pier.
“The Prix Jacques Le Marois was a race run under very particular circumstances and Persian King’s performance reflected that. The conditions are much more in his favour here,” Fabre added.
Challenging the Godolphin attack are a trio from Ireland led by Ger Lyons’ Irish 2000 Guineas victor Siskin.
Aidan O’Brien’s multiple Group 1 winner Circus Maximus and Ken Condon’s Romanised, winner of the Group 1 Prix du Haras de Fresnay-le-Buffard Jacques le Marois in Deauville in 2019, are the two others.
Meanwhile, Dream Of Dreams in the silks of Dubai businessman Saeed Suhail bagged the Group 1 Sprint Cup Stakes at Haydock Park on Saturday.
The British champion jockey Oisin Murphy produced a late run on the Michael Stoute-trained six-year-old Dream Ahead gelding to win the six-furlong sprint from the Hollie Doyle-ridden Glen Shiel and Golden Horde under Adam Kirby by a length and-a-quarter and a length and-a-half respectively.
UEFA CHAMPIONS LEAGUE FIXTURES
All kick-off times 10.45pm UAE ( 4 GMT) unless stated
Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid
Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona
The biog
From: Upper Egypt
Age: 78
Family: a daughter in Egypt; a son in Dubai and his wife, Nabila
Favourite Abu Dhabi activity: walking near to Emirates Palace
Favourite building in Abu Dhabi: Emirates Palace
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
NEW%20PRICING%20SCHEME%20FOR%20APPLE%20MUSIC%2C%20TV%2B%20AND%20ONE
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The five pillars of Islam
Brief scoreline:
Toss: South Africa, elected to bowl first
England (311-8): Stokes 89, Morgan 57, Roy 54, Root 51; Ngidi 3-66
South Africa (207): De Kock 68, Van der Dussen 50; Archer 3-27, Stokes 2-12
WISH
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T20 World Cup Qualifier
Final: Netherlands beat PNG by seven wickets
Qualified teams
1. Netherlands
2. PNG
3. Ireland
4. Namibia
5. Scotland
6. Oman
T20 World Cup 2020, Australia
Group A: Sri Lanka, PNG, Ireland, Oman
Group B: Bangladesh, Netherlands, Namibia, Scotland
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
FIXTURES
Saturday
5.30pm: Shabab Al Ahli v Al Wahda
5.30pm: Khorfakkan v Baniyas
8.15pm: Hatta v Ajman
8.15pm: Sharjah v Al Ain
Sunday
5.30pm: Kalba v Al Jazira
5.30pm: Fujairah v Al Dhafra
8.15pm: Al Nasr v Al Wasl
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
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How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
RESULTS
Argentina 4 Haiti 0
Peru 2 Scotland 0
Panama 0 Northern Ireland 0