It is probably a given that most people reading here know that Penson has been the house of choice used to buy ISM shares for cancellation in both of the NCIB's. This latest one ends in March/11
http://www.inspirationmining.com/news.html?id=127
" First Canada Capital Partners Inc. will conduct the normal course issuer bid on behalf of the Corporation. "
http://www.firstcanada.ca/client_services.html
"First Canada Capital Partners Inc. is a correspondent broker. Securities transaction clearing and settlement services are provided to First Canada and their clients by Penson Financial Services Canada, the country’s largest independent provider of clearing services to the Canadian financial community. Penson Canada is a wholly owned subsidiary of Penson Worldwide, Inc. which has offices in Canada, the United States and Europe."
Todays big trades, as noted in my earlier post, show Penson as a seller. We do also see RBC pick up about a million shares and Penson unloads 700K or so
So IMHO I would say these two large trades are neither a Penson buy or an NCIB related purchase. BTW I have not seen Penson as a buyer for some time now.
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0.25 |
373500 |
11/09 |
RBC Capital MarketsP.O. Box 50, Royal Bank Plaza, South Tower 200 Bay Street Toronto, ON M5J 2W7 (416) 842-2000
002
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RBC Capital MarketsP.O. Box 50, Royal Bank Plaza, South Tower 200 Bay Street Toronto, ON M5J 2W7 (416) 842-2000
002
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|
0.25 |
626500 |
11/09 |
RBC Capital MarketsP.O. Box 50, Royal Bank Plaza, South Tower 200 Bay Street Toronto, ON M5J 2W7 (416) 842-2000
002
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Penson Financial Services Canada Inc.Suite 1100 360 St-Jacques Street West Montreal, QC H2Y 1P5 (514) 841-9665
005
|
|
0.25 |
10000 |
11/09 |
CIBC World Markets Inc.PO Box 500 161 Bay Street Toronto, ON M5J 2S8 (416) 594-7000
079
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Penson Financial Services Canada Inc.Suite 1100 360 St-Jacques Street West Montreal, QC H2Y 1P5 (514) 841-9665
005
|
|
0.26 |
19000 |
11/09 |
National Bank Financial Inc.5th Floor 1155 Metcalfe Street Montreal, QC H3B 4S9 (514) 879-2222
080
|
Penson Financial Services Canada Inc.Suite 1100 360 St-Jacques Street West Montreal, QC H2Y 1P5 (514) 841-9665
005
|
|
0.26 |
11500 |
11/09 |
National Bank Financial Inc.5th Floor 1155 Metcalfe Street Montreal, QC H3B 4S9 (514) 879-2222
080
|
Penson Financial Services Canada Inc.Suite 1100 360 St-Jacques Street West Montreal, QC H2Y 1P5 (514) 841-9665
005
|
|
0.26 |
23000 |
11/09 |
TD Securities Inc.P.O. Box 1, TD Tower 12th Floor, 66 Wellington Street West Toronto, ON M5K 1A2 (416) 982-8222
007
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Penson Financial Services Canada Inc.Suite 1100 360 St-Jacques Street West Montreal, QC H2Y 1P5 (514) 841-9665
005
|
|
0.26 |
10000 |
11/09 |
CIBC World Markets Inc.PO Box 500 161 Bay Street Toronto, ON M5J 2S8 (416) 594-7000
079
|
Penson Financial Services Canada Inc.Suite 1100 360 St-Jacques Street West Montreal, QC H2Y 1P5 (514) 841-9665
005
|