暗示法矿业相关英语术语

2021年1月20日发(作者：大减价)
矿产勘查开发投融资英文术语




ADR
–
American Depositary Receipt (see DR below)


AIM
–

London’s
Alternative
Investment
Market
(part
of
the
London
Stock Exchange)

AG
–

Aktiensgesellschaft
or
public
limited
liability
company
(in
Germany, Austria, Switzerland)

Arbitrage
–

the
tactic
of
taking
advantage
in
differentials
between
two
different market prices, to secure a profit

Bear
Market
–

one
where
share
prices
(also
those
for
commodities
or
bonds)
are
falling,
or
expected
to
fall during
the
medium
period,
if
not
longer (see also Bull market)

Bearer share
–
see Shares

Bond
–
a loan or debt security which the issuer
–
government or private -
promises to repay with interest when it reaches its date of maturity

Bookrunner
–
the bank or funder which leads, or manages, the issuance of
corporate loans, debt or other securities, usually in association with other
such financiers

Bought
deals
–

are
ones
between
brokers
and
a
company,
where
the
former
by
an
entire
stock
issue
from
the
latter
in
a
private
transaction,
then sell the shares on to private purchasers (see also Brokers)

Brokers/brokerages
–
place shares on behalf of companies, selling them
to private clients who want to invest in those companies. Banks, as well
as specialised brokerage Houses, act as brokers (see also Bought Deal)

Bull market
–
one where share prices (also commodities and bonds) are
rising or expected to rise over the medium period, if not longer (see also:
Bear market)

BV
–

a
limited
company
whose
shares
are
privately
registered
and
not
freely transferable (in Netherlands)


CDIs
–

CHESS
Depositary
Interests
are
the
form
in
which
ordinary
shares and some options are traded electronically on the ASX (see also:
DIs)

Collateral
–
a guarantee to meet a debt, usually by ceding an asset, in the
event that the debtor is unable to repay the loan

Common shares
–
see Ordinary shares

Contrarian
investors
buy
(sometimes
sell)
stocks
in
the
belief
that
they
have been mis-
priced by the “market”; the aim of course being to make a
profit by doing so

Convertible
bonds
–

bonds
which
can
be
exchanged
for
stock
in
the
company which issues them on terms set at their issue

CSD/ICSD
–

An
(International)
Central
Securities
Depository
holds
securities/bonds
and
settles
trades
between
them.
The
Depository
Trust
Company
(DTC)
in
the
US
holds
more
than
US$$2
trillion
in
non-US
securities and ADRs (qv)

Debenture
–
a bond which is not secured by property or collateral

DIs
–
Depositary Interests are UK-registered securities that enable trading
in non-UK incorporated and registered company shares, to be undertaken
and settled within

the UK in electronic/paperless form

DR
–
a Depositary Receipt - enables investment in a company registered
offshore, through one’s home
-domiciled bank.

Derivative
–

literally something which “derives” from something else; in
financial markets, the use of futures and options contracts to bet on the
rise or fall of value of an equity, credit “product” or other type of security


Distressed situations
–
see Special Situations

Dividend
–
that portion of
a company’s net profits, proposed by its board
and
confirmed
at
an
annual
shareholders’
meeting,
which
represents
revenue on a share

EDR
–
European Depositary Receipt (see DR)

Event driven
–
a euphemism for the hedge fund strategy of profiting from
fall
s in the value of a company’s shares (see also: Special situations)


ETFs/ETNs
–

Exchange
Traded
Funds/
Exchange
Traded
Notes
(see
Footnote 4)

Equity/Equities
–
see Shares and Private Equity

Floating rate
–
a debt subject to periodic changes in interest rates

Fund of Funds
–
a portfolio held in a number of investment funds, rather
than directly in equities or bonds, viz. a “Hedge Fund of Funds”


FY
–
Financial Year; usually running for twelve months from middle or
late calendar year

GDR
–
Global Depositary Receipt (see DR)

GmbH
–

a
company
with
limited
liability
(in
Germany,
Austria,
Switzerland and in Central Europe)

IPO
–
the Initial Public Offering of shares in a specific company

Junior
–

a
mining
company
registered
on
a
stock
exchange
(eg.
TSE,
TM
X, AIM, ASE, AltX), seeking venture (or “start up”) capital, usually
for exploration purposes.

JV
–
Joint Venture

LBO
(Leveraged
Buy
Out)
–

where
a
company
raises
debt
finance
to
acquire another

LLC
–
Limited Liability Company

London
Metal
Exchange
(LME)
–

the
world’s
premier
forum
for
daily
trading in the prices of aluminium, copper, nickel, zinc, other nonferrous
metals and (from 2009) iron ore.

Contracts are agreed by means of “open cry” across a physical space, to
which
only
eleven
named
Ring
Traders
are
admitted,
and
which
are
purportedly backed by physical supply in LME warehouses


LP/LLP
–
Limited (Liability) Partnership

Managed Fund
–
see Mutual fund

MBO
(Management
Buyout)
–

where
managers
acquire
a
company
for
which they work

M & As
–
Mergers and Acquisitions

Market
Cap/Market
Capitalisation
–

the
value
of
a
company’
shares,
consolidated
between
their
price(s)
on
one
or
more
stock
exchanges
at
any given moment

Mutual Fund
–
one which pools
money
from
many clients, to invest in
stocks,
bonds
et
al.
Known
in
Europe
as
a
Unit
Trust;
in
the
US
as
an
OEIC (qv) and in Australasia as a Managed Fund



Nominees
–

brokers,
or
banks
acting
as
such,
which
hold
a
named
person’s shares in a non
-paper form, rather than as a share certificate (see
Footnote 2).

OEIC
(Open-ended
investment
company)
-
arranges
for
customer’s
money
to
be
added
to
that
of
other
investors
and
spread
across
a
wide
range of equities and/or fixed interest securities

Ordinary
shares
–

those
which
normally
carry
voting
rights
(see
also
Shares and Preference shares)



P/E
–
Price to Earnings ratio, which evaluates dividend received against
the
price,
paid
for
a
share;
the
higher
the
P/E
then,
usually,
the
less
attractive the stock.

PLC (Plc, plc)
–
Public Limited Company (in UK and Ireland)

Preference
shares
–

grant
the
owner
dividends,
even
when
ordinary
shareholders may not receive them, as well as the first pick of proceeds
when a company is liquidated. They normally do not carry voting rights


Private Equity
–
share holdings not listed on a registered stock exchange;
see also Venture Capital