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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)

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Post by BlueJay2020on Feb 03, 2021 10:02pm

A Step in the Right Direction

Schools in a few areas back on Monday, with more the following week - so we are getting nearer to the day when Ontario restaurants will be able to re-open.  
57
Comment by tkirk62on Feb 03, 2021 3:19pm

RE:RE:RE:Nice Summary Here

Full disclosure, I wrote that blog post. I agree it's unlikely SIR Corp goes bankrupt, but I don't think it's out of the question. If you add the deferred royalties, deferred interest, and ...more  
76
Discussion
Comment by flamingogoldon Feb 03, 2021 2:48pm

RE:RE:RE:Nice Summary Here

"It would make the initial offer very clearly opportunistic and reflect poorly on them" Too late there's no saving face now, it's quite obvious they are trying to steal this from us
66
Discussion
Comment by Fabozzion Feb 03, 2021 1:55pm

RE:RE:Nice Summary Here

Logically 2 makes the most sense.  Perhaps the biggest impediment now is how much of a bump in price SIR would have to make in order to get something done.....It would make the initial offer very ...more  
51
Discussion
Comment by lostcauseson Feb 02, 2021 10:13pm

RE:Nice Summary Here

Thanks Fabozzi for the link, nice write-up. Which one do you think is the most likely to happen ? 1 - Maybe SIR goes bankrupt. This probably isn’t great for SRV unitholders, at the very least ...more  
95
Discussion
Comment by flamingogoldon Feb 02, 2021 9:49am

RE:RE:Nice Summary Here

Both "known" offers are lowball and opportunistic. The minimum valuation in that article puts the price at $7.85.
84
Discussion
Comment by BlueJay2020on Feb 02, 2021 8:41am

RE:Nice Summary Here

Yep, that pretty much sums up what we have been saying for a while. i am beginning to think the lowball offer was little more than a tactic to alert to how undervalued this stock is!
73
Discussion
Post by Fabozzion Feb 02, 2021 8:11am

Nice Summary Here

https://www.canadianvaluestocks.com/sir-royalty-income-fund/#more-2175
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Discussion
Post by BlueJay2020on Feb 01, 2021 5:56pm

1 Million Shares..

... or aboiut 12% of issued share capital have been bought and sold in 2021 with a price of between $3.00 and $4.55.  I can't be botthered working out the average 30-day price, but it can' ...more  
93
Comment by flamingogoldon Feb 01, 2021 4:18pm

RE:RE:Renegade Chicken

This is SRV's first real foray in the fast food/delivery sector. The competition is extremely fierce, but it's huuuge. I like their angle too, there's a lot of chicken joints out ...more  
93
Discussion
Comment by BlueJay2020on Feb 01, 2021 3:58pm

RE:Renegade Chicken

Unfortunately, it's not anywhere near me - yet.  Not happy that this is not included in SRV, although I guess it might be folded in, in the future if it starts to take off.  I think this ...more  
81
Discussion
Post by flamingogoldon Feb 01, 2021 2:50pm

Renegade Chicken

Anyone try it yet?  Looks to me like they are utilizing existing store locations/staff to launch this. Not part of SRV, but this concept has real potential to blow up big as they look to steal ...more  
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Discussion
Comment by BlueJay2020on Feb 01, 2021 2:24pm

RE:Bid is holding up

If only it was the Wall Street Best crowd - the stock would be at $200! :)
60
Discussion
Post by flamingogoldon Feb 01, 2021 2:08pm

Bid is holding up

Someone really wants shares above $4.25
136
Discussion
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