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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 Apr 01, 2021 6:53am

money coming in April

The following is in the NR: Further the senior lender consented to SIR making a distribution to the Partnership and/or the Fund in an amount up to $1,000,000 for previously deferred royalty ...more  
Post by frugalGregon Apr 01, 2021 6:38am

Ontario moves to lockdown for 28 days

https://www.cbc.ca/news/canada/toronto/covid-19-ontario-emergency-brake-lockdown-grey-zone-1.5972277 Province moving into gray lockdown zone starting Saturday.  Prohibits indoor dining - still ...more  
Comment by frugalGregon Apr 01, 2021 6:33am

RE:Decent report and waiver extended

Agreed that the waiver until July is a positive. New $6M BDC credit facility at 4% interest. Cash on hand >$5M which should provide a reasonable runway. Same store revenue declines in Q4 were ...more  
Post by jcw604on Apr 01, 2021 12:40am

Decent report and waiver extended

Do you find anything particularly troubling in the NR, except may be the current valuation of the Royalty fund unit? Even though the report should alleviate a lot of the jittery of the market, the ...more  
Comment by BlueJay2020on Mar 31, 2021 11:06am

RE:RE:SP Drop...

That's good enough for me.  If it dips below what I sold for at $4.75, I might be buying again :)
Comment by flamingogoldon Mar 31, 2021 9:49am

RE:SP Drop...

I checked SEDI and do not see any sells. Last purchase reported was March 26 for 18,100 shares. Total owned 1,081,400. https://ceo.ca/api/sedi?insider=Janes%2C%20Lembit
Comment by BlueJay2020on Mar 31, 2021 8:04am

RE:NR could be delayed

in that case, no news would be good news - or at least not necessarily bad news!  
Post by jcw604on Mar 31, 2021 1:49am

NR could be delayed

I found the following: https://www.stockwatch.com/News/Item/Z-C!SRV-2969948/C/SRV It seems that they have done this before, to announce the extension of the waiver one month after its expiry.
Post by jcw604on Mar 31, 2021 12:59am

NR promptly needed

To prevent the SP from dropping, we need an NR tomorrow morning. The renegotiation should have been done well before the actual expiry of the waiver, shouldn't it?
Post by flamingogoldon Mar 30, 2021 5:35pm

44 million vaccine doses by the end of June for Canada

Pfizer moving up it's target date for delivery to Canada. A total of 44 million doses means everyone in Canada can get their first shot by June now and full immunity by the Fall at the latest. Can ...more  
Comment by flamingogoldon Mar 30, 2021 12:40pm

RE:RE:RE:SP Drop...

Recall we are waiting on news regarding an extension of the loan agreement set to expire tomorrow. "SIR is currently seeking an extension to the current agreements with its senior lender, the ...more  
Comment by BlueJay2020on Mar 30, 2021 12:00pm

RE:RE:SP Drop...

Yes, I think you are probably correct.  This damn virus just refuses to lie down. To be honest, Janes is my main backstop - pretty sure he would buy a chunk of SIR's holding in SRV if they ...more  
Comment by Robsopinionon Mar 30, 2021 11:38am

RE:SP Drop...

I thought maybe you decided to dump your holdings in one day lol on a serious note we have had very thin trading volumes for quite a while. Maybe one of the larger minor investors like ourselves ...more  
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