Seraglio Point

What there is to be encouraged by is the company Seraglio Point keeps. The yard at East Ilsley belongs to Hughie Morrison, a trainer who has sent out 20 winners already this season — a healthy return that speaks to a stable operating in good form. Being trained somewhere that knows how to win races matters, and Morrison's team will have a clearer picture than anyone of whether there is more to come from this horse than its record currently suggests.

Two races is a small sample. Plenty of horses take time to find their feet, and at three years old there is no shortage of time to find out what Seraglio Point is capable of. For now, the record is what it is — but with an active trainer and a season still unfolding, it would be premature to write off any three-year-old on this little evidence.