Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Sir Royalty Income Fund SIRZF


Primary Symbol: T.SRV.UN

Consumer Cyclical Restaurants
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)

View:
Prev ... 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 ... Next
Comment by jcw604on Feb 14, 2021 11:07am

RE:RE:RE:RE:RE:Janes food becomes like activist investor

I am assuming the same rules for stocks apply to a Royalty fund, but doesn't apply to SIR Corp which is a private company.
55
Discussion
Comment by jcw604on Feb 14, 2021 10:59am

RE:RE:RE:RE:Janes food becomes like activist investor

Buying out the fund first make sense. SIR Corp will probably be out of any covenant breaches, since they receivie the 20% value of all the funds. Tbey will need to start paying distribution to the ...more  
62
Discussion
Comment by jcw604on Feb 13, 2021 12:03pm

RE:RE:RE:Janes food becomes like activist investor

For an investor with bigger appetite, they obviously want to wrap up the whole thing, the private company and the royalty fund, because as for RECIPE, I think their earning from KEG, will be ...more  
116
Discussion
Comment by jcw604on Feb 13, 2021 1:28am

RE:RE:2 days advanced notice requirement

I phone them again today. It seems that from what they can see the request went out from their system around the time I requested them to do so in the morning, and at least from their end they are not ...more  
96
Discussion
Comment by Robsopinionon Feb 12, 2021 12:38pm

RE:RE:Janes food becomes like activist investor

Now you are quite right about the keg. A different example would be Prime restaurants (east side's, Casey's, pubs) that was structured exactly like SIR. Recipe (Cara) wanted to buy it/ merge ...more  
102
Discussion
Comment by logicandinertiaon Feb 12, 2021 11:56am

RE:Janes food becomes like activist investor

Unfortunately, Janes will have nothing to do with negotiating with the senior lender.   The FUND has nothing to do with the actual running operation of the CORP, which is tightly held.  ...more  
103
Discussion
Post by jcw604on Feb 12, 2021 10:29am

2 days advanced notice requirement

Anyone else run into a requirement of 2 days advanced notice with your broker to tender your shares?
112
Discussion
Post by jcw604on Feb 12, 2021 4:56am

Janes food becomes like activist investor

Janes food, being an entity with a lot of money, when involved with the negotiation with the senior lenders, might be able to speed up the re-activation of income distribution to the unit-holders. In ...more  
199
Discussion
Comment by jcw604on Feb 11, 2021 9:09pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:SIR Corp. Announces it's No Longer Proceeding with its Offer

Now, it will be 100%, because they are not even getting all they wanted. I don't know if my tender get accepted, because I am with CIBC and when I phone them this morning, they said they really ...more  
112
Discussion
Comment by pjn0987654321on Feb 11, 2021 8:01pm

RE:RE:RE:Confession Time...

Now he's talking turkey ;-) "Mr. Janes noted: "I am pleased that SIR has abandoned its Jan. 6, 2021, proposal, but am obviously disappointed that SIR will not assist the fund in seeking ...more  
108
Discussion
Comment by flamingogoldon Feb 11, 2021 7:57pm

RE:RE:RE:Confession Time...

This one is tightly held. Janes got the weak shares first, but the rest will need to come at a higher price.
77
Discussion
Comment by flamingogoldon Feb 11, 2021 7:53pm

RE:RE:Confession Time...

Cockfight !!... sorry couldn't resist again. Let's go Janes! "Mr. Janes noted: "I am pleased that SIR has abandoned its Jan. 6, 2021, proposal, but am obviously disappointed that ...more  
77
Discussion
Comment by BobTheKnob2on Feb 11, 2021 7:12pm

RE:Confession Time...

I see that Janes has taken up the shares that were tendered and issued a press release not long ago. After reading it, I have this feeling that we are not done yet. You might want to put on your bib, ...more  
104
Discussion
Prev ... 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 ... Next
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >
Dealroom for high-potential pre-IPO opportunities