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Bullboard - Stock Discussion Forum Sir Royalty Income Fund SIRZF


Primary Symbol: T.SRV.UN

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern... see more

Bullboard (TSX:SRV.UN)

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Comment by BlueJay2020on Jan 06, 2021 11:16am

RE:RE:RE:RE:RE:Trading halt - any guesses as to what the news is?

Don't beat yourself up - incredibly difficult to get the timing right with such a volatile and illiquid stock.  I think the only way to have played it was steady accumulation on down days ...more  
Comment by wildrunner11on Jan 06, 2021 11:12am

RE:RE:RE:RE:Trading halt - any guesses as to what the news is?

If so, really wish I could have got my purchase of more shares in. inthink it is positive news, with money cheap to borrow and this stock looking significantly undervalued to peers a good opportunity ...more  
Comment by BlueJay2020on Jan 06, 2021 11:01am

RE:RE:RE:Trading halt - any guesses as to what the news is?

If it was closing restaurants, they would already have the press release ready and issued it.  It would be odd timing after getting banking support until the end of March, at least. Also why ...more  
Comment by bcscon Jan 06, 2021 10:57am

RE:RE:RE:RE:RE:RE:Trading halt - any guesses as to what the news is?

Sorry my bad, missed the pending news statement.
Comment by bcscon Jan 06, 2021 10:53am

RE:RE:RE:RE:RE:Trading halt - any guesses as to what the news is?

Normally if the halt is due to pending news from the issuer, the news release indicates that fact. This halt was initiated by IIROC. What that indicates I am unsure.
Comment by WizardFutureon Jan 06, 2021 10:37am

RE:RE:RE:RE:Trading halt - any guesses as to what the news is?

If they sold the business to like Recipe or MTY that would be great lol. Don't think recipe would buy now...
Comment by pjn0987654321on Jan 06, 2021 10:35am

RE:RE:RE:Trading halt - any guesses as to what the news is?

My guess:  they've sold the business.  
Comment by ngtraderngon Jan 06, 2021 10:19am

RE:RE:Trading halt - any guesses as to what the news is?

My guess: announcement that they're closing restaurants.
Post by ChupacabraBuenoon Jan 06, 2021 10:00am

Trading halt - any guesses as to what the news is?

Wednesday, January 6, 2021, 9:38 AM ET TORONTO, Jan. 6, 2021 /CNW/ - The following issues have been halted by IIROC: Company: SIR Royalty Income Fund TSX Symbol: SRV.UN All Issues: Yes Reason ...more  
Comment by flamingogoldon Jan 05, 2021 6:59pm

RE:RE:RE:RE:RE:RE:RE:RE:Why a green day for SRV when red elsewhere blamed on COVID?

TFSA contribution room increased by 6k/individual this week, that new money could also contribute to the price/volume surge.
Comment by flamingogoldon Jan 05, 2021 4:30pm

RE:RE:RE:RE:RE:RE:Why a green day for SRV when red elsewhere blamed on COVID?

It could just be keeping pace with its peers, in fact the gap has widened since the others restarted dividends. I think this gap will shrink when a SRV distribution is announced, even a partial ...more  
Comment by BlueJay2020on Jan 04, 2021 6:49pm

RE:RE:RE:Why a green day for SRV when red elsewhere blamed on COVID?

Perhaps it is just the magnifying effect of the illiquidity of the stock.  I can't see a go-private transaction as you'd think the royalty piece would be the last thing to be sold - the ...more  
Comment by flamingogoldon Jan 04, 2021 3:38pm

RE:RE:Why a green day for SRV when red elsewhere blamed on COVID?

Or, as a laggard it's catching up to its peers? It's still dirt cheap.
Post by ChupacabraBuenoon Jan 04, 2021 12:14pm

Why a green day for SRV when red elsewhere blamed on COVID?

Virus spike is being blamed for this down day (though some are pointing to a Democrat spike) and a virus spike should be bad news for SRV. So what accounts for a 15% GAIN here today?? Thanks!
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