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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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Post by jcw604on Dec 10, 2020 11:33pm

Tax loss selling

I think because of the tax loss selling, we can still get this relatively cheap. Expect more upward pressure January.
Comment by BlueJay2020on Dec 10, 2020 5:06pm

RE:Discount to peers

Yes, I've reached the same conclusion as you and I am nibbling away here and there.  Because this is such an illiquid stock, you cannot wait for the dividend to be restored, because the price ...more  
Post by flamingogoldon Dec 10, 2020 3:13pm

Discount to peers

Both KEG and BPF have recovered back to their June highs. Of course, both are paying a partial dividend while SIR is not. If SIR were to join the pack to it's June high it would be trading at $5 ...more  
Comment by flamingogoldon Dec 09, 2020 5:38pm

RE:One big difference between SIR and others

Covid will have lasting effects, especially to those that lost loved ones. But, generally the public has a short memory. We didn't stop flying after 911 nor did people continue leaving their keys ...more  
Post by BlueJay2020on Dec 09, 2020 2:50pm

Let's assume a worst case scenario...

if the operating company went belly up (and I think that's very unlikely at this stage), what would be left for s/h of SRV?  Presumably we would have the intellectual property rights - and ...more  
Post by logicandinertiaon Dec 09, 2020 12:14pm

One big difference between SIR and others

If you read the AIFs of each of the restaurant royalties, one aspect makes SIR unique - including ALCOHOL SALES as part of the 6% royalty agreement.  Typically, most of the these restaurant ...more  
Comment by flamingogoldon Dec 08, 2020 3:54pm

RE:Price target

A record amount of emergency funds were handed out by our Fed during this pandemic. A recent report shows the savings rate has shot up to record highs and despite a pullback this latest quarter is ...more  
Comment by BlueJay2020on Dec 08, 2020 3:26pm

RE:Price target

I think achieving double digits is a more realistic target for 2021, but happy to be proved wrong!
Comment by BlueJay2020on Dec 08, 2020 3:24pm

RE:RE:RE:RE:RE:SIR CORP RESULTS

Am I right in thinking that shareholders in SRV receive royalties on the purchases using the $50 free card? If so, I like that idea even better! :)
Comment by flamingogoldon Dec 08, 2020 11:02am

RE:RE:RE:RE:SIR CORP RESULTS

A couple of weeks ago I received an email offer for a bonus $50 gift card with a pre-purchased $250 cert. This was the biggest ask I've seen from SIR, but considering current events a ...more  
Comment by BlueJay2020on Dec 07, 2020 7:13pm

RE:RE:RE:SIR CORP RESULTS

The other factor, and I don't know how significant this is, or how significant a source of significant funding it 'could' be - but there are also gift card inflows, especially at this time ...more  
Comment by logicandinertiaon Dec 07, 2020 7:51am

RE:RE:SIR CORP RESULTS

The Corp had all of September and partway thru October without lockdowns before Ford locked down Toronto and peel in mid October.  And from there, restrictions in other areas have increased ...more  
Comment by jcw604on Dec 05, 2020 11:09am

RE:SIR CORP RESULTS

Do you see we will have a bad Q1 because of the winter and the covid lock down? Or we could still make some payments to the debts?
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