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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 BlueJay2020on Feb 05, 2021 2:06pm

Legality of Renegade Chicken

Just thinking about this a bit more.  I've checked their menu and it's pretty extensive - and a lot of thought has obviously gone into it.  One 'location' already seems to ...more  
Post by wildrunner11on Feb 05, 2021 2:03pm

Checking out Renegade Chicken,

3 in Ottawa and they are all operating out of Jack Astor location. So, how are they doing this on the books? Is this part of SIR or not? And if not .....
Post by wildrunner11on Feb 05, 2021 1:50pm

Got a call

I got a call as well if I'm interested in Jane's offer.
Comment by BlueJay2020on Feb 05, 2021 1:46pm

RE:RE:Renegade Chicken

How are we paying for overheads and costs incurred by Sir Corp? I accept that we're currently loaning them some money to do it (deferred distributions) but that's not quite the same.  And ...more  
Comment by flamingogoldon Feb 05, 2021 1:40pm

RE:Renegade Chicken

It is not, it's a new concept. I accidentally discovered it while exploring the SIR app on my phone while looking to place an order with either Jack's or Scaddabush. There must be costs ...more  
Post by Fabozzion Feb 05, 2021 1:24pm

Renegade Chicken

Are you sure that is a part of SIR ?  
Post by Robsopinionon Feb 05, 2021 12:19pm

Renegade chicken

Thank you to flamingogold for finding this. I had not heard of them before this board. They are operating out of the existing Jacks locations. With the exception of looking up locations to see that ...more  
Comment by BlueJay2020on Feb 05, 2021 11:33am

RE:RE:RE:Increased bid

Also, I don't think that $8 52W low is a fair number. With the illiquidity of the stock, it doesn't take much to trigger a big drop. Of course, the reverse is also true. Obviously there was a ...more  
Comment by flamingogoldon Feb 05, 2021 10:52am

RE:RE:RE:Cold call

I would rather not sell at all, it's been almost a year now without divs, if I had to wait another year before receiving them again I would rather wait than to sell for a lowball price of $4.75 ...more  
Post by Robsopinionon Feb 05, 2021 10:42am

Fowler family

Does anyone remember a bit ago when Peters father sold all of his holdings? Around 10% of the company at around $12.00 per share?  Financially beneficial considering where we are today, but I ...more  
Comment by Robsopinionon Feb 05, 2021 10:30am

RE:RE:Cold call

Well, to be honest, that would be completely normal for me. Sell a long time holding and the next day it jumps by 10%.  I've had a position in SIR for over a decade. Mostly purchased in the ...more  
Comment by flamingogoldon Feb 05, 2021 10:13am

RE:Cold call

Rob, imagine... had you sold your shares for $4.25 yesterday and then to wake up to this morning's $4.75 bid? How would you feel about Janes's intentions?
Comment by BlueJay2020on Feb 05, 2021 10:10am

RE:RE:RE:Increased bid

I think COVID-19 may actually press the reset button for Jack Astor's.  The landscape will be very different - less mom and pop competitors, a strong desire to eat out (for a while at least ...more  
Comment by Fabozzion Feb 05, 2021 10:04am

RE:Increased bid

I believe the primary reason behind the Jane's proposal is to force an increase in the bid from SIR Corp or someone else.  "Nevertheless, I wish to reiterate that the Offeror is ...more  
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