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Streubesitz

English translation: in free-float

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:im Streubesitz
English translation:in free-float
Entered by: Maureen Holm, J.D., LL.M.

12:08 Jul 25, 2003
German to English translations [PRO]
Bus/Financial - Investment / Securities / corporate share transfer
German term or phrase: Streubesitz
X Stück der nennbetraglosen Inhaberaktien sind im Streubesitz.
Maureen Holm, J.D., LL.M.
United States
Local time: 08:27
free floating shares
Explanation:
HTH
Selected response from:

Sabine Trautewein
Local time: 14:27
Grading comment
Splendid contributions. Thank you all!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +7free floating shares
Sabine Trautewein
5free float
Ralf Lemster
3owned by many different parties
Nicholas Hogg
4 -1...held by the public
gangels (X)
2 -1diversified holdings
Cilian O'Tuama
1Not an answer
Yngve Roennike


  

Answers


10 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
owned by many different parties


Explanation:
a guess based on Eurodicautoms definition of scattered holdings/fields/property etc.

Nicholas Hogg
Georgia
Native speaker of: Native in EnglishEnglish
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11 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): -1
diversified holdings


Explanation:
acc. to Große Eichborn.



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Note added at 2003-07-25 12:26:41 (GMT)
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Hamblock/Wessels gives: (Aktien) diversified/scattered holdings, widely spread share holdings, widely held stock

sich im Streubesitz befinden: (Aktien) to be widely spread


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Note added at 2003-07-25 12:58:13 (GMT)
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following from Zahn Bank- und Börsenwesen

free float of stock
widely dispersed/spread shareholdings
independently held capital
broadly based (widespread) share ownership

sich im Streubesitz befinden: to be publicly held
to float freely

Cilian O'Tuama
Germany
Local time: 14:27
Native speaker of: English
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
disagree  RobinB: Unfortunately, both these dictionaries are wrong, i.e. the English terms are (mis)translations, rather than the correct equivalent
11 mins
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16 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +7
free floating shares


Explanation:
HTH


    Reference: http://www.berlinerboerse.de/encyclopedia.html?ID_DEFINITION...
Sabine Trautewein
Local time: 14:27
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 4
Grading comment
Splendid contributions. Thank you all!

Peer comments on this answer (and responses from the answerer)
agree  RobinB: except that it's actually "free float", i.e., these no-par value bearer shares are in free float
5 mins
  -> thanks
agree  Aniello Scognamiglio (X)
16 mins
  -> thanks
agree  wrtransco
4 hrs
  -> thanks
agree  Mario Marcolin: Genau
4 hrs
  -> thanks
agree  Yngve Roennike: floating or non-restricted shares. Forget "free" or worse FreeFloat
15 hrs
  -> thanks
agree  Ralf Lemster: The term *is* free float
1 day 23 mins
  -> thanks
agree  Alexandra Blatz
2 days 20 hrs
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
...held by the public


Explanation:
Usually a minority of outstanding shares in a closely held company

gangels (X)
Local time: 06:27
Works in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 45

Peer comments on this answer (and responses from the answerer)
disagree  RobinB: The point about free float shares is that they're available for trading, incl. positions held by institutions for trading. Free float may be between 1% and 99%!
35 mins
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2 days 21 hrs   confidence: Answerer confidence 5/5
free float


Explanation:
I agree with Sabine's answer (and believe she should get the points), except that it should definitely read "free float". This is a commonly-used technical term that defines the shares of a public company that are freely available to the investing public.

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Note added at 3 days 7 hrs 36 mins (2003-07-28 19:45:21 GMT)
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Comment regarding Yngve\'s peer-grading:
It makes a lot of sense to stress the free float - a number of major equity indices are weighted using the free float. Have a look at Deutsche Börse\'s index guidelines (URL shown above), plus these:

http://www.stoxx.com/indexes/factsheets/eurostoxx50_me.pdf
\"Within each of the 18 Dow Jones EURO STOXX market sector indexes, the component stocks are ranked by free-float market capitalization. The largest stocks are added to the selection list until the coverage is close to, but still less than, 60% of the free-float market capitalization of the corresponding Dow Jones EURO STOXX TMI market sector index.\"

http://www.msci.com/equity/index.html
\"The MSCI World IndexSM is a free float-adjusted market Capitalization index that is designed to measure global developed market equity performance.\"

http://www.msci.com/us/indexperf/index.html
\"Although the full market capitalization of companies is used as the basis for determining the various market capitalization segments and indices, MSCI free float-adjusts the market capitalization of constituents in the US Equity Indices in order to reflect the availability of shares from the perspective of US domestic investors.\"

Frankly, I don\'t get the statement that \"share don\'t float much in the US\"...


    www.deutsche-boerse.com -> Information Services -> Indices... -> Guidelines
    Reference: http://www.investorwords.com/cgi-bin/getword.cgi?5893
Ralf Lemster
Germany
Local time: 14:27
Specializes in field
Native speaker of: German
PRO pts in category: 475

Peer comments on this answer (and responses from the answerer)
neutral  Yngve Roennike: Iit would make more sense stressing the non-floating or restricted amount of shares, as shares don't float much in the US.
9 hrs
  -> Sorry, but I very strongly disagree - see my added comment.
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3 days 17 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5
Not an answer


Explanation:
but comment, the comment column being exhausted. Why is that, by the way?

.. are in free float, seems to be a typical German phenom, that's all. Just out of curiosity, I googled it and found some 16 hits, I think they all referred to Germany. Shares in the US are for the most part freely traded, ie, non-restricted, as I understand it.

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Note added at 2003-07-29 06:21:22 (GMT)
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hence you could say instead, are freely traded, rather than floating or in free float, which does not appear much in US sources.

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Note added at 2003-07-31 14:24:44 (GMT) Post-grading
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Incidentally, the word implies held by many, which they usually are but need not be. Seems like a misnomer.

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Note added at 2003-07-31 20:28:32 (GMT) Post-grading
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Also, if I might add facetiously, you will likely see shares in free fall 10K times more (googling) than \"in free float.\" It\'s just not a very common expression in English.

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Note added at 2003-07-31 20:51:47 (GMT) Post-grading
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I should add US English above.
Interestingly, the Hong Kong exchange provides this information: Different index providers may set different definitions for free float. For instance, MSCI defines free float as the shares outstanding, less shares held by strategic investors such as governments, corporations, controlling shareholders and management, and shares subject to foreign ownership restrictions.

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Note added at 2003-07-31 21:07:06 (GMT) Post-grading
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Here is another one: public share portion, I just came across doodling of googling: public share portion aka (free) float.


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Note added at 2004-04-23 13:11:51 (GMT) Post-grading
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Also, you see shares being floated, or merely the float, without the free.

Yngve Roennike
Local time: 08:27
Native speaker of: Native in EnglishEnglish
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