Loro White

That Perth win is the headline. It came just this week, and it arrived over a long distance — two miles or more — which is where Loro White clearly belongs. In three races at that kind of trip, the horse has won once and placed once, giving it a 33% win rate at its best distance. In plain terms, that means 1 win from every 3 attempts when the race is long enough to suit. Compare that to the wider career record and it tells you something important: stretch the race out, and a different horse turns up.

The recent form figures make for mixed reading — a win followed by finishes of eighth, tenth, sixth, and sixth before that — but Loro White races for one of Britain's most productive yards. Trainer Olly Murphy, based in Wilmcote, Warwickshire, has sent out 146 winners already this season. That is a yard operating at serious volume and serious quality, and the fact that Loro White remains in training and racing regularly suggests Murphy sees more to come. Horses don't hang around in busy, successful yards unless there's a reason to keep believing in them.

For now, Loro White is best understood as a work in progress with one very encouraging data point. A horse that wins a third of its races when conditions suit it is worth keeping an eye on — especially with a trainer behind it who clearly knows how to place a horse to its best advantage.