When Noah Perelini left Dubai age 15 last summer to go to boarding school in New Zealand, he was less worried about homesickness than he was holding his own on the rugby pitch.
His extended family were nearby in Auckland, anyway, softening the blow of leaving his parents behind in the UAE.
Luckily, having moved with the specific intention of furthering his rugby development, he also had a well-placed friend to call on after upping sticks to the other side of the world.
His rugby mentor in New Zealand is Jerome Kaino, the 77-cap All Blacks flanker.
As Perelini puts it, it is handy to speak to someone who “knows a bit about it”.
“It is good just to talk every now and then, about specifics of the game,” said Perelini, who has spent the school Christmas holidays back in Dubai. “It is good to get in touch with someone who knows a bit about it.”
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Read more
■ UAE rugby year in review: It was a successful 2016
■ 2019 Rugby World Cup: Perelini says UAE targeting qualification for Japan
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UK-born Perelini aspires to making a career from rugby, and he has made a promising start since moving to Auckland last June. Having joined midway through the school year, he was not eligible to play in official matches for his school side, King’s College, which has made his subsequent rise all the more remarkable.
He was given his debut in a friendly match, immediately attracted the attention of talent scouts, and has subsequently passed a variety of trials, to the point he is now part of the academy of the Blues Super Rugby franchise.
“I was pretty good over here, but it’s not New Zealand, is it?” he said of moving from the UAE. “Being away from mum and dad wasn’t too much of an issue, because most of my family is there, so I wasn’t really homesick.
“I wanted to make a name for myself, because there are so many good kids in New Zealand. I was apprehensive about seeing how I was, compared to the good players over there. It has turned out pretty well.”
Having left the UAE as a No 8, he has since switched position to the openside flank.
Despite being 6ft 2in and powerfully set, the 16-year-old forward says he switched positions to make way for somebody bigger – in fact, the son of former All Blacks back Eric Rush.
Playing with and against bigger players has been one of the most notable differences of the move to New Zealand, he says, and was something he found out immediately on debut.
“It was a really good standard and in the first two minutes I was given a really big hit,” he said.
“All my mates were saying: ‘Welcome to New Zealand.’ After that, it was a case of getting my bearings. It was like playing against men, but playing against big people isn’t something that worries me.”
Considering his gene pool, there was always a fair chance Perelini might show promise in the oval ball game, but he says he initially “hated” the game.
Then his father Apollo, who is now the UAE coach and was then playing rugby league professionally in the UK, coaxed him into playing age seven.
“Dad asked me if I wanted to play rugby, so I thought I would give it a try, and I really enjoyed it,” he said.
“I enjoyed the buzz of playing rugby with my mates, that got me hooked. It wasn’t till I came here [to Dubai, to attend school at Repton age 11] that I wanted to play rugby seriously.”
Father Apollo says he is surprised by the progress his son has made, given that his enrolment halfway through the academic year meant they only expected him to start playing serious rugby when he returns this month.
“He is a really hard worker,” Perelini Sr said. “He is very dedicated to what he does. He is surrounded by good players and good rugby mentors.
“We are very proud parents to see what he has achieved in such a short period of time.
“We were happy just for him to get into the school, and in terms of rugby our plan was for him to start working now.
“When he got there, the opportunities came thick and fast. We didn’t want to hold him back.
“We have been surprised at how rapidly he had got to where he did by the end of the year.”
pradley@thenational.ae
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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.