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Glossary entry

Spanish term or phrase:

un bloque de ADS de

English translation:

a block of ADS of

Added to glossary by Robert Forstag
Feb 24, 2015 15:38
9 yrs ago
3 viewers *
Spanish term

un bloque de ADS

Spanish to English Bus/Financial Finance (general) Chile /stock market transaction
What does bloque mean in the following instances in which it is used in reference to the buying and selling of shares of publicly traded companies?

Así, a las 13:10 horas del día 6 de febrero de 2014, Alejandro Acocha llamó a Franco Ramos-ejecutivo del XYZ (brokerage) en NYC a quien Acocha conocía profesionalmente– ordenándole la compra de un bloque de ADS de [publicly traded company] por un monto probable –no disponemos del registro detallado– de entre 5 y 7 millones de dólares, atendido el tenor del correo que se transcribe a continuación.

Cabe destacar que si bien Ramosrecibe una orden acotada a un bloque, su experiencia probablemente le indicó que Acocha se disponía a comprar el doble de eso o más.

[later, Acocha tells Ramos in a telephone conversation]
A este cliente le quedan como 11 mill de acciones y las vendería todas si hacemos un bloque más grande para ti[3]”.

Bloc ?? Packet ?? Package ?

MANY THANKS.
Proposed translations (English)
4 +2 a block of (company) ADS
4 +1 a block of ADS
References
would it be Block trade?

Discussion

TravellingTrans Feb 25, 2015:
for ridiculous clarity From the first line of the question: "What does bloque mean in the following instances...?"

As the question only asks about what bloque means, that is all I am addressing or intended to give a response to in my answer
TravellingTrans Feb 25, 2015:
for clarity as I read it, the question is only asking for the meaning of "bloque" and I initially was going to answer with the single word "block" but decided to write 'of ADS' simply to fill out the format as the question was written. I am not attempting to define or answer what ADS means as I don't see it as a part of the question. What I see as the question is what I have given in my explanation which is 'what is a block?', in other words a "block" trade of a "block" of shares.

Essentially my answer is simply "block".
TravellingTrans Feb 25, 2015:
different answers that look the same I had assumed that Billh and I had posted the same answer which is why I gave him my agree since he was first to respond, but actually I was simply giving the definition of bloque as "block" since in the reference text of the question it states that ADS is a publicly traded company, so I'm putting myself back in the mix since I don't feel like I'm violating protocol by having been the second to answer with the "same" response
bigedsenior Feb 25, 2015:
ADS is the stock symbol for Alliance Data Systems.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s...

Proposed translations

+2
25 mins
Selected

a block of (company) ADS

.

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Note added at 29 mins (2015-02-24 16:08:02 GMT)
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sorry, should be

block of ADSs


DEFINITION OF 'AMERICAN DEPOSITARY SHARE - ADS'
A U.S. dollar-denominated equity share of a foreign-based company available for purchase on an American stock exchange. American Depositary Shares (ADSs) are issued by depository banks in the U.S. under agreement with the issuing foreign company; the entire issuance is called an American Depositary Receipt (ADR) and the individual shares are referred to as ADSs.

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Note added at 35 mins (2015-02-24 16:13:42 GMT)
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I think this is ok, assuming it is a foreign company

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Note added at 19 hrs (2015-02-25 10:41:43 GMT)
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FAQs - Vodafone
www.vodafone.com/content/index/investors/shareholders/faqs....
ADSs are American depositary shares. They are traded on the NASDAQ Stock Market and are represented by ADRs (American Depository Receipts). Vodafone ...

Result of Tender Offer - London Stock Exchange
www.londonstockexchange.com/exchange/.../market.../market.....
22 Apr 2013 - Coca-Cola HBC ADSs will begin trading today on the NYSE on a ... Application has been made to the UKLA and the LSE for a block listing of ...
Peer comment(s):
agree philgoddard
42 mins
Thanx
agree EirTranslations
2 hrs
Thanx
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you, Bill. Thanks also to TravellingTrans."
+1
27 mins

a block of ADS

Definition of block of shares: A large number of company shares, usually 10,000 or more sold in bulk in a single trade.
Peer comment(s):
agree bigedsenior
16 hrs
neutral Billh : if ADS is the company then what is [publicly traded company] ????// but in disc you ssay ADS is the company. If it isn't it should be ADSs as I clarified in my answer
22 hrs
that was in response to Bigedsenior without looking back at the question itself, which as I have done, it does indeed say 'bloque de ADS de [...], but if you look at my further discussion post you'll see what I'm saying, good luck anyway
Something went wrong...

Reference comments

8 mins
Reference:

would it be Block trade?

Hope this helps...
Reference:

http://en.wikipedia.org/wiki/Block_trade

Something went wrong...
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