In total, the company had purchased 16.5 million shares at a total cost of $937.6 million, or an average price of $56.79 per share.
Acclaimed movie director Billy Wilder once said: “Hindsight is always twenty-twenty.” At October 27, 2008, with the common stock of Ensco trading at $33.40 a share, the company had lost about $386.5 million, or almost 41 percent, of the cash invested in the repurchase programs.
The Question: Might reinvesting the money on expanding its core offshore drilling business — opportunistic purchases of rigs on the cheap from smaller companies unable to compete in the current environment — be a better spend?
In September 2008, the Board of Directors authorized the repurchase of an additional $500 million of Ensco common stock.
Last Updated Oct 29, 2008 2:16 AM EDT. Pursuit of its own shares was probably not a meaningful tool in building value for Ensco stockholders.
The Upshot: During the nine-month period ended September 30, 2008, Ensco repurchased 3.7 million shares of its common stock at a cost of $256.0 million (an average cost of $69.92 per share) under a 2007 authorization plan
They work on real time and keep you accessible to the quotes of different currency pricings, there and then. This process, if done manually, will require time and patience, which means you may lose the opportunity if you are not quick enough. For traders who want to do well in Forex arbitrage, this calculator is an important tool to maximizing their gains. Before getting the real software, it is best to look at the free demo and try out their trial versions to ensure that the software is suitable to your needs and is truly reliable.
. The calculator basically helps to identify arbitrage opportunities through its calculations. The market in which it buys from will have a lower price quote of a currency than the market it sells to, allowing the trader to gain profit from the differences that occur between the two markets. It is also more accurate in its calculations than humans are. However, one should understand that the difference is only temporary, as the market will need to correct its prices so that there is equality in prices of the currencies. Thus, it is important for a trader to quickly detect such opportunities, make the necessary calculations, decide if the differences is worthwhile, and then trade. This correction can happen very quickly. In Forex arbitrage, a trader basically buys a currency from one market and then sells it off at another. The Forex arbitrage calculator can be widely found in the Internet and can be downloaded for free or a fee. However, with the presence of the Forex arbitrage calculator, this problem can be overcome.
The good thing with the Forex arbitrage calculator is that it can do what a human cannot do. In other words, in terms of the human problems with speed, efficiency, and accuracy, the calculator can overcome
Although the government has imposed an entry fee of S$100 ($80.50) for citizens entering the casino, the country’s gaming revenue is expected to hit $6.4 billion in 2011 and outpace Las Vegas.
Gambling’s Famous Icons
Las Vegas is well-known as the gambling industry of the world; however, American people are not the biggest gamblers on Earth. H2 Gambling Capital has released the list of biggest gambling countries due to average gaming losses.
Top Online Gambling Mistakes
Gaming Losses Per Adult: $517
Canada. Reportedly, over 75 percent of adult Canadians took part in the games last year in which the most popular games are lotteries and Scratch and Win cards.
Singapore offered the very first casino some years ago which then became the world’s third largest-gaming center after Macau and Las Vegas. According to business advisory firm MAG Consulenti Associati, the electronic gaming makes up half of Italy’s total gaming revenues in first half of 2011.
Gaming Losses Per Adult: $1,288
Australia: Biggest Gambling Country in the World
Gaming Losses Per Adult: $568
Interestingly enough, the country’s national lottery company, Veikkaus, belongs to the government and is operated by the ministry of education. Most profits go to education, arts and culture.
Era of Online Gambling
Gaming Losses Per Adult: $553
The potash-rich province of Saskatchewan is home to the biggest gamblers in Canada. Singapore
Australia is the craziest country when it comes to gaming and gambling. Furthermore, the slot machines named pokies are the most favorite game in Australia with an estimated number of 75-80 percent of problem gamblers. In this country, gaming companies bet people on whether the central bank’s interest will increase or not. Otherwise, Australia is the only country that allows online bets on sports but prevents gamblers from using the Internet to place bets during live games.
Gaming Losses Per Adult: $1,174
The most favorite gambling activity in Italy is electronic gaming machine
Powered by 150 to 250 horsepower outboard motors, they are equipped with live wells, electronic depth and fish finders, and electric trolling motors. Two-man jon boats can weight as little as 80 pounds. Canoes are also easily carried on roof racks. Anglers can choose from well-appointed bass boats with high-powered motors to personal water craft such as float tubes, with many other possibilities in between. They are light enough to carry on top of trucks and SUV’s, eliminating the need for a boat trailer. These boats are very stable, with wide, flat bottoms, but unlike jon boats, the bow and stern both taper to a point. Although float tubes are great for moderately deep holes, they are of little use when the water is shallow enough for standing, and they are not suitable for navigating rapids.
Jon boats are flat-bottomed craft with squared-off bows and sterns. Whether skimming the surface of a major river in a high-powered fiberglass vessel in search of 50 pound catfish, seeking browns and rainbows from a well-equipped drift boat, or gliding along quiet, wooded riverbanks in a kayak, anglers will enjoy fishing from the boats that best suit their needs. They are usually constructed of fiberglass and are over 18 feet long. With such a wide selection, every fisherman can find the boat that suits his budget and his fishing style.
Fishing Smaller Rivers
Fishing Big Rivers
Anglers who are after big catfish will need boats of a different style.
Pontoons have a seat for the passenger that is mounted between two floats. For moderately deep rivers with shallow stretches, it’s hard to beat a drift boat.
The angler who is shopping for a river fishing boat should be able to find the perfect craft.
Drift boats are popular with fishing enthusiasts and guides. They come equipped with rod holders and storage compartments.
Starting with the most expensive boats first, bass boats are the craft of choice for anglers who want to get around on big rivers in little time.
Very shallow water is known as skinny water. The heavy rods used in this type of fishing are mounted on the stern of the boat, so a deeper boat with a sturdy transom is necessary.
Choosing the best boat for river fishing depends upon the type of fishing desired and the size and depth of the rivers to be fished. These rugged aluminum boats can manage shallow water, and they stand up well to the occasional collision with underwater rocks and stumps. These can navigate shallower water than either jon boats or drift boats. These craft are easy to maneuver and light to transport. Boats of this type may be fiberglass or aluminum.
Fishing Skinny Water. However, major rivers have powerful currents, so the boat must be substantial enough to accommodate a big outboard. Anglers who seek smallmouth and trout in less powerful waters need boats that are versatile and maneuverable. These may be solid or inflatable, and they are tapered at the front end for greater responsiveness when the passenger needs to steer through rapids.
Smaller rivers don’t require as much current-kicking power. Fishing kayaks are designed to be wide and stable. Good watercraft for such rivers include kayaks, canoes, and float tubes. These low-slung boats have raised casting platforms in the bow and stern. These boats can come completely outfitted with storage boxes, pedestal seats, recessed rod holders, side or floor anchoring systems, and passenger seats. They are less stable than the wide, sit-on-top kayak designs, but they provide greater freedom of movement for passengers
The clubs don’t benefit from tickets in the drawer.”
But Bob Bowman, the CEO of MLB Advance Media, the arm of the sport that runs MLB.com, said most teams have come to the realization that the secondary market is a benefit, not a blow.
But Bettinelli said that he really doesn’t see a bad World Series match-up.. If you have a Yankees-Cubs series, it will help the pricing and sales volume.”
In addition, New York this year joined states such as Florida and Illinois in dropping the so-called anti-scalping laws that attempted to prohibit the resale of tickets for more than a nominal increase over face value.
As recently as a year ago, teams such as the Yankees were going to war with their best customers, pulling renewal and postseason ticket rights from their season and partial-season ticket holders if they were caught reselling their tickets. Louis.
The difference made it worth it for Cubs fans to catch a plane rather than the Chicago L to a game, especially if they could cash in frequent flyer miles. The fact that there are services like StubHub only increases the supply of tickets that can be sold on the secondary market, thus lowering the price.
Baseball ticket sales on StubHub soared, and the site is now on pace to sell 5 million tickets this year alone, after selling a total of 5 million tickets in its first six years of existence.
The deal with baseball was beneficial enough to StubHub that it gave the sport something it never granted other teams or sports in its sponsorship deals — a cut of the 25 percent combined commission that StubHub gets from the buyer and seller when a ticket is sold.
But back at on the Northside of Chicago at the friendly, but pricey confines of Wrigley Field, a larger fan base and more limited supply of tickets had driven the average resale price up to $334, with some tickets selling for as much as $2,177, and standing room tickets going for $100.
StubHub, the leading online ticket resale service, reports the average price of a ticket being sold on its site for games at Chase Field in Phoenix was $105. “There’s no one who can go to all 81 games. If anything, they drove ticket prices higher by limiting supply as the laws made some potential sellers reluctant to put tickets up for sale. “Very few of either teams’ fans have ever seen them win a World Series.” In fact, Colorado, which just joined the league in 1993 has never been to a World Series; this is only the second time the team has made it to the playoffs. Teams mistakenly believed that the secondary market was competition for their own ticket sales.
And while Cubs fans couldn’t be happy with the results of the games they saw in the Valley of the Sun, (the Cubs lost both games and are one game way from being eliminated in the series), this is the way that markets are supposed to work — willing sellers setting the price they want to attract willing buyers.
And if the Cubs rally and somehow make it to the World Series, we are likely to see even higher prices. “But it might not be the most profitable for us, because of the limited supply of tickets for sale. Numerous studies have shown ticket resale prices drop once anti-scalping laws disappear.
So even though few can afford to shell out $75,000 to root, root, root for their home (or road) team in the playoffs, having an open secondary market for ticket sales makes it less likely that anybody will ever have to pay such a high price in the first place.
“Without question, the increasing knowledge that there is a vibrant, safe, legal liquid market for the tickets encourages our fans to buy season ticket packages, since they know they can recoup some of those costs.”
Some will look at the prices that World Series tickets are already going for on StubHub and cry that this makes it tough for the average fan to afford tickets.
A pair of seats five rows behind the first base dugout at Wrigley for one World Series game have already sold for $6,000 each, already topping the highest price for a ticket sold on StubHub to last year’s World Series– $5,883 each for four seats in row B behind home plate for Game 3 in St. One seller is already listing a pair of tickets for $75,000 each.
NEW YORK (CNNMoney.com) — Think of it as playoff ticket arbitrage.
Chicago Cubs fans flocked to Phoenix this week, drawn by significantly lower prices for tickets to the team’s first two playoff games against the Arizona Diamondbacks than they could find for tickets to games 3 and 4 back in the Windy City .
It also helps that this year, Major League Baseball and more and more states around the country are finally acknowledging that it is in everyone’s best interest to have a true transparent secondary market for ticket sales.
If the Cubs meet the Boston Red Sox in the series this year, it might drive prices to unprecedented levels (though I have my doubts they’ll ever reach the $75,000 listing price of that one optimistic seller).
Both teams have large fan bases, small stadiums and a history of postseason frustration that has created pent-up demand for a chance to see their team win the series. While the Red Sox won a championship in 2004, the Cubs haven’t been to the series since 1945 and haven’t won in nearly a century.
Bowman acknowledged that at least some of the credit for teams selling a record number of tickets again this year is due to the rapid growth of online ticket resales on StubHub and similar services.
The laws were among the most worthless on the books. So about 11.3 percent of the Arizona tickets being purchased on StubHub were going to Illinois buyers, while only 0.5 percent of the Wrigley tickets were being sold to fans from Arizona.
So in August, MLB reached a ground-breaking sponsorship agreement with StubHub, which is a unit of eBay (Charts, Fortune 500).
“We’re in the secondary market whether we embraced it or not,” he said. The Indians last won a World Series way back in 1948.
But the fans paying those insane prices would have found a ticket broker to buy from in the past. Some tickets sold for as little as $22.
“The dynamics for a Cubs-Red Sox World Series is something that the secondary market has never seen before,” said Greg Bettinelli, senior director of business development for StubHub. The full effect of the partnership will not begin until next year, but already in the last two months of the season, MLB.com started providing links to StubHub on team pages on the MLB.com as well as at individual team sites that fans go to when they’re looking to buy tickets.
“Even if it was the Rockies versus the Indians, those markets will come alive,” he said
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You can place wagers 24 hours a day, 7 days a week. The ability to make wagers quickly, securely and easily makes offshore betting very popular.
Most offshore wagering sites have all of this in one site or they are linked to their sister site that handles a particular interest. This can be done in various ways from money orders and bank wires to credit cards and online money services. You don’t have to go to a local cardroom to play poker. There is no question that gamblers are flocking to online gambling sites in record numbers. For example, an online site might have a sports betting name but be very involved in poker as well. You would then have access to their poker site with the same money you used for sports betting. No longer do you have to go to a local casino to place wagers on sports. The ability to make wagers and play poker from the comfort of your own home is a huge plus for gamblers around the globe.
Dealing with an online betting offshore site can be like dealing with a bank. Your money is safe and secure and available for use at anytime. Another plus is that these sites give you bonuses and perks for gambling with them. Normally you can get deposit bonuses that you can turn into real money.
From sports betting and horse racing to poker and casino play, offshore betting is how many gamblers bet their money.
Offshore betting begins for most gamblers by sending money to an offshore gambling site. The same thing applies to horse racing and casino wagering as you would be linked to those options through the one site.
Open a New Account and start offshore betting on sports at SBG Global!
The easy of betting offshore is a huge appeal to most gamblers. The money is put into your offshore online gambling account and bets can be made on a wide variety of things including sports, horse racing, poker and casino games.. You can deposit or withdraw your money from these sites at anytime. You can do everything at one gambling offshore site
Needless to say, a lot of us got to taste the leathery sting of a belt. Occasionally we were found out because of a tattletale schoolmate (usually a girl).
Heated arguments from hot heads sometimes occur because some boy felt he was cheated or welsh on a bet. :))
“Man killed, one hurt over spider-fighting”
“2 minors killed over spider-fighting bet”
We stabled them in empty matchboxes or in a specially constructed box which usually have separate cells to house several spiders. they are feed with insects but we avoid feeding them before a fight to make them more aggressive
Sept.03,2010 Negros Occidental, Philippines
Over an unpaid 5 peso bet (10 cents) a 15 year old stab to death a 13 year old boy. Some petty larceny was sometimes resorted to acquire the necessary stake money. Although it never deteriorated to such tragic outcome as the news stories below:
A spider fight in a local town ended in tragedy with one man killed and another wounded after an argument over a disputed bet.The suspect armed with a handgun fired point blank at the head of his opponent killing him instantly and wounded another as he fled the scene of the crime.
Fights would be arrange after school or even during school hours if we could manage to play hooky.The fights were stage in hidden and out of the way places far from parental eyes.Gambling was always involve and most of our lunch money went into it. Upon learning of his son’s death, the father sought out his son’s killer and hacked him to death with a jungle bolo.
Sept 20,2010 Liloan town,northern Cebu,Philippines. A bill or two missing from a parent’s wallet. Fistfights were not uncommon and going home with a bruised eye and soiled or torn school uniform resulted in the discovery of our illicit activities and the accompanying consequences
I made around $10 000 in total playing online (which was quite a lot of money back then, in Eastern Europe). We have come a long way since then.
However, that environment was perfect for online professional gamblers using advantage gambling techniques. However, over the years, my casino gambling blog gained some momentum.
A bit about myself: I’m Simon, and I’m the author of Simon’s Online Gambling Blog. The world of online gambling was quite different back then, more rogue casinos and less gambling regulations. I started playing online in 2006, back in college. I was one of those guys. “Online casino bonus whoring” – as it was called, got less profitable profitable after I was banned from over 200 online casinos, so I took a break from online gambling, finished college, got an office job, you know, the works. However, after a long hiatus I returned to the online gambling scene, this time as an online gambling blogger (and as a player as well of course). It helped me pay for college.. For two years I blogged only on the weekends and not many people took notice