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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (163665)	11/11/2008 3:45:53 PM
From: John Koligman	Read Replies (1) \| Respond to of 306849

Look at the stock dilution today with the LVS offering, something like 70%??? A year ago they could have raised this amount by selling 5 or 6 million shares... Regards, John Syndicate story about LVS LVS announced a public offering of 181,818,182 shares of common stock, 5,196,300 shares of its 10% Series A Cumulative Perpetual Preferred Stock and warrants to purchase an aggregate of approximately 86,605,173 shares of common stock at an exercise price of $6.00 per share. The common stock has a public offering price of $5.50 per share. :theflyonthewall.com 07:39 EDT LVS theflyonthewall.com: Las Vegas Sands-LVS capital raise larger than expected, says Banc of America Banc of America finds the $2B capital much larger than anticipated and is not sure if it will be enough. The firm maintains a Sell rating on the potential dilution of the deal. :theflyonthewall.com 07:22 EDT LVS theflyonthewall.com: Recommendations story about LVS from Deutsche Bank Deutsche Bank believes Las Vegas Sands' capital raise and postponement of certain development projects are "save the company" actions that will be received favorably by shareholders. The firm maintains a Buy rating and $10 target on the stock. :theflyonthewall.com 06:49 EDT LVS theflyonthewall.com: Las Vegas Sands-LVS solved solvency risk concerns, says Jefferies Jefferies believes Las Vegas Sands' fully-funded construction program should eliminate solvency concerns and show investors upside, but admits that dilution risk remains. The firm maintains a Buy rating with a $44 target. :theflyonthewall.com 06:37 EDT LVS theflyonthewall.com: Las Vegas Sands-LVS development plans dependent on capital raising transaction :theflyonthewall.com 06:35 EDT LVS theflyonthewall.com: Hot Stocks story about LVS In Las Vegas, development of the St. Regis Residences will be suspended indefinitely, although the completion of the podium component of the condominium tower, which will generate rental income from currently executed leases, will continue and is expected to be completed during the first quarter of 2009. The estimated cost to prepare the site for the delay and to complete the podium portion of the project is approximately $95 million. In Macao, development of sites five and six on the Cotai Strip will be temporarily suspended until conditions in the capital markets improve.Given that our SGD $5.44 billion credit facility to support the development of Marina Bay Sands in Singapore is already in place, our development there is not significantly impacted by the current capital market conditions. Our development plans for Marina Bay Sands, therefore, have not changed. We continue to target a late 2009 opening for Marina Bay Sands. Our development plans for Marina Bay Sands, therefore, have not changed. We continue to target a late 2009 opening for Marina Bay Sands. :theflyonthewall.com 06:25 EDT LVS theflyonthewall.com: Las Vegas Sands-LVS suspends portions of development projects The company will focus its development efforts on those projects with the highest rates of expected return on invested capital given the liquidity and capital resources available to the Company. :theflyonthewall.com