dinsdag 14 oktober 2008

Belgian government has bad luck?

The Belgian government has set up a system to repay a part of the losses from small shareholders from Fortis. This system implies that the profit on the share from BNP Paribas and the remitted dividends will all be “thrown together” in one fund, which will then(after deduction of several costs) pay back a part of the losses small shareholders led. But the government set a maximum on this return, namely  10 minus the average value of one share Fortis during the first week it comes back on the Brussels exchange stock. Unfortunately for the government, who was probably hoping that the value of the Fortis would stick around the 5.42 Euros it was when it got suspended so that this maximum amount would stay rather low, one share Fortis fell down to 1.22 Euros the first day it came back on Euronext Brussels.

Joeri Gussé

Gepost door op

1 opmerking:

EcoEnglish zei

The Belgian government has set up a system to repay [a] part of the losses from small shareholders from Fortis [to small shareholders of Fortis] . This system implies that the profit on the share from BNP Paribas [on the BNP Paribas share] and the remitted dividends will all be “thrown together” in one fund, which will then(after deduction of several costs) pay back [a] part of the losses small shareholders led [experienced -> to lead losses is a direct translation of verlies lijden] . But the government set a maximum on this return, namely 10 minus the average value of one share Fortis during the first week it comes back on the Brussels exchange stock. Unfortunately for the government, who was probably hoping that the value of the Fortis [shares] would stick around the 5.42 Euros [around the 5.42 euro mark] it was when it got suspended [leave out 'it was when it got suspended' -> too difficult for your flow] so that this [the] maximum [amount] would stay rather low, one share Fortis fell down to 1.22 Euros [the Fortis share fell to 1.22 euro] the first day it came back on Euronext Brussels.

Try to keep your sentences simpler. If you go too complex, you will make too many mistakes.

4 november 2008 om 06:19

Een reactie posten

Abonneren op: Reacties posten (Atom)