Oct 11, 2002 07:15
21 yrs ago
7 viewers *
French term
relutif
French to English
Bus/Financial
This refers of course to the effect of a merger enhancing the value of shares in the company carrying out the takeover. I'm never sure of the correct way of saying this in English.
SociétéX prévoit de finaliser le rachat de l’activité de SociétéY au premier semestre 2003 et estime que cette opération devrait être relutive dès la première année de consolidation.
SociétéX prévoit de finaliser le rachat de l’activité de SociétéY au premier semestre 2003 et estime que cette opération devrait être relutive dès la première année de consolidation.
Proposed translations
(English)
| 3 +3 | accretive |
Gillian Hargreaves (X)
|
| 5 +2 | strengthen earnings |
drhughes
|
| 5 +1 | Sorry: my "agree" should be "neutral"! |
Arthur Borges
|
| 5 +1 | earnings enhancing |
Mary Lalevee
|
| 4 +1 | relutive |
Elisabeth Ghysels
|
| 2 | relutive |
Sheila Hardie
|
Proposed translations
+3
1 hr
Selected
accretive
Def: earnings-enhancing
Not sure where I got it from, but this is in my own glossary.
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Note added at 2002-10-11 08:43:30 (GMT)
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My glossary also says that \"relutif\" is the opposite of \"dilutif\". Does that help?
Not sure where I got it from, but this is in my own glossary.
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Note added at 2002-10-11 08:43:30 (GMT)
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My glossary also says that \"relutif\" is the opposite of \"dilutif\". Does that help?
Peer comment(s):
| agree |
Mary Lalevee
: Yes, this is what I have in my own glossary.
15 mins
|
| agree |
fcl
: That is what it is. Reducing the number of shares without reducing earnig is "relutif", contrary is "dilutif". No English translation found.
1 hr
|
| agree |
Peter Freckleton
: My glossary too and sites like http://www.psco.com/Merger/MergerQA.Asp
3 hrs
|
4 KudoZ points awarded for this answer.
Comment: "That's great - thanks!"
+1
10 mins
Elisabeth Ghysels
Works in: German to English, English to German, Italian to German, and 36 more.
Related KudoZ points
:
200
relutive
Greetings,
Nikolaus
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Note added at 2002-10-11 07:31:52 (GMT)
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or, as the use of this word in English seems to be very unusual:
having an effect on the result per share
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Note added at 2002-10-11 07:37:09 (GMT)
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No, I\'m not really sure, since the second reference i Gave doesn\'t really disclose the nationality of the source; also another reference
(http://www.omega-pharma.be/Engels/pers/02-05-15.htm) is Belgian and thus suspect.
Another Belgian one proofs, that this there exists hesitation to translate this word:
http://www.bekaert.com/analysts/petercam/weekly 01 06 12.pdf
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Note added at 2002-10-11 07:43:48 (GMT)
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Unluckily, all search combinations, which I tried, combining English words with relutive or relutif, lead to sites, which are in one way or an other suspect for french connections (significant Belgian and Luxembourg banking sites, nevertheless); so I again offer my second try:
\"having an effect on the result per share\"
based on a Dutch translation:
\"met weerslag op de resultaten per aandeel\"
Reference: Roossens, Francis, Head of the Fortis Language Centre, Fortis Bank, Brussel, 2000
Nikolaus
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Note added at 2002-10-11 07:31:52 (GMT)
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or, as the use of this word in English seems to be very unusual:
having an effect on the result per share
--------------------------------------------------
Note added at 2002-10-11 07:37:09 (GMT)
--------------------------------------------------
No, I\'m not really sure, since the second reference i Gave doesn\'t really disclose the nationality of the source; also another reference
(http://www.omega-pharma.be/Engels/pers/02-05-15.htm) is Belgian and thus suspect.
Another Belgian one proofs, that this there exists hesitation to translate this word:
http://www.bekaert.com/analysts/petercam/weekly 01 06 12.pdf
--------------------------------------------------
Note added at 2002-10-11 07:43:48 (GMT)
--------------------------------------------------
Unluckily, all search combinations, which I tried, combining English words with relutive or relutif, lead to sites, which are in one way or an other suspect for french connections (significant Belgian and Luxembourg banking sites, nevertheless); so I again offer my second try:
\"having an effect on the result per share\"
based on a Dutch translation:
\"met weerslag op de resultaten per aandeel\"
Reference: Roossens, Francis, Head of the Fortis Language Centre, Fortis Bank, Brussel, 2000
Peer comment(s):
| agree |
Arthur Borges
: I see less cutting-edge financial lingo these days, but "relutive" is a new one on me!
8 mins
|
| neutral |
Evelyna Radoslavova
: I think you are better off with "this operation will enhance the value of shares..."
28 mins
|
+1
19 mins
Arthur Borges
China
China
China
Non-ethnocentric, Concise & Punctual
Works in: English, Swedish to English, French to English
Related KudoZ points
:
404
Sorry: my "agree" should be "neutral"!
xx
Peer comment(s):
| agree |
Clair Pickworth
: slip of the mouse, was it?!
4 hrs
|
|
Actually, I am INDEED a mouse according to the Chinese horoscope --- Dragon rising too! ;-)
|
27 mins
Sheila Hardie
Spain
Spain
Native in English
Spain
passion des mots
Native in: English 
Works in: Catalan to English, French to English, Spanish to English, and 2 more.
Related KudoZ points
:
683
relutive
You may well have this definition, Colin, but I thought I'd give it to you just in case. I'm not sure of the English translation though.
HTH
Sheila
Relution (ou opération relutive): Effet produit par une opération (acquisition, augmentation de capital,…) qui entraîne
une augmentation de certaines données par action. Une opération peut être relutive en termes de résultat net par action, d’actif net par action… Si le résultat net total augmente plus vite que le nombre d’actions créées au cours d’une opération
financière, le résultat par action est en augmentation et l’opération est alors relutive.
À l’inverse d’une opération relutive, une opération est dilutive lorsqu’elle entraîne une diminution de ces mêmes données par action.
http://www.suez.fr/finance2/french/club/lexique.htm
HTH
Sheila
Relution (ou opération relutive): Effet produit par une opération (acquisition, augmentation de capital,…) qui entraîne
une augmentation de certaines données par action. Une opération peut être relutive en termes de résultat net par action, d’actif net par action… Si le résultat net total augmente plus vite que le nombre d’actions créées au cours d’une opération
financière, le résultat par action est en augmentation et l’opération est alors relutive.
À l’inverse d’une opération relutive, une opération est dilutive lorsqu’elle entraîne une diminution de ces mêmes données par action.
http://www.suez.fr/finance2/french/club/lexique.htm
+1
1 hr
earnings enhancing
This is what is in my glossary, sorry my previous note agreeing with "accretive" was unclear.
Peer comment(s):
| agree |
rkillings
: "Accretive" is correct but still relatively new in the financial press. "Earnings-enhancing" is also correct. Take your pick.
2 days 15 hrs
|
+2
3 hrs
strengthen earnings
'dilutive' is a common opposite and would translate as 'weaken earnings'
'earnings enhancing' is also OK
'earnings enhancing' is also OK
Discussion