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Canaccord Genuity Group Inc T.CF

Alternate Symbol(s):  T.CF.PR.A | CCORF | T.CF.PR.C

Canaccord Genuity Group Inc. is a Canada-based independent and full-service financial services company. The Company has operations in two principal segments of the securities industry: wealth management and capital markets. The Capital Markets segment includes investment banking, advisory, research and trading activities on behalf of corporate, institutional and government clients as well as principal trading activities in Canada, the United Kingdom, Europe, Australia and the United States. The Wealth Management segment provides brokerage services and investment advice to retail or institutional clients in Canada, the United States, Australia and the United Kingdom and Crown Dependencies. Together, these operations offer a range of complementary investment products, brokerage services and investment banking services to its private, institutional and corporate clients. Its international capital markets division operates in North America, the United Kingdom & Europe, Asia, and Australia.


TSX:CF - Post by User

Bullboard Posts
Comment by MirrorWorldManon Sep 15, 2017 10:47pm
48 Views
Post# 26704197

RE:RE:RE:1 MM Block trade this morning

RE:RE:RE:1 MM Block trade this morning It's another Friday and another big block of 600,000 shares sold mid morning in amongst thin trading the entire week. There are volume restrictions for the buy back program and the purchase have usually been followed with a Press Release the following week.  There has been no announcements in a long time hence I doubt these large blocks are from the usual stock buy back. I do not know what the conditions are from that employee placement fund in June 2016 that raised $30MM to repurchase additional stock to be provided as warrants etc. The price of that placement was $4.17.  Nor do we know how much of that fund has already been used.   The employee placement Fund may be making those purchases, it would be nice ti dig that out of the financials somehow but cash flows don't show it. I personally feel it's a cross trade of sorts, designed to optimize taxes. 
Bullboard Posts