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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 Lazaroson Jan 28, 2021 7:56pm

Another buyout offer

From today's news release: The Fund has also recently received a preliminary indication of interest from a third party to acquire all of the Fund's units under an all cash offer. No specific ...more  
Comment by BlueJay2020on Jan 28, 2021 7:44pm

RE:New kitchen concept

They even have a ready-made tagline: "Even our boss is Fowl"
Comment by flamingogoldon Jan 28, 2021 5:58pm

RE:New kitchen concept

I like the direction, I've mentioned in the past that the Canyon brand was weak and they should re-focus on another concept, perhaps even takeout. What I'm wondering is, could the unpaid ...more  
Post by flamingogoldon Jan 28, 2021 4:57pm

New kitchen concept

I saw this in the SIR app today.... popup virtual kitchens. https://renegadechicken.ca/
Comment by jcw604on Jan 28, 2021 4:24pm

RE:RE:RE:No one is selling

In 2010 the SP is less than $10. He has collected more dividends than he have paid for the shares. He is not losing money at all. I was trying to phone my bank to find out if I can sell my 16,400 ...more  
Post by BlueJay2020on Jan 28, 2021 3:42pm

Is this a free play?

Unless we think that Janes will pull out of their bid for any reason before the deadline - do we not have a quasi-free play situation between now and then? If a better offer comes, we take it, but if ...more  
Comment by wildrunner11on Jan 28, 2021 10:43am

RE:RE:No one is selling

But someone said this earlier, they are probably not trying to make money, they are trying to not loose money, if they bought most of there share in 2010, they paid significantly more for the shares ...more  
Comment by flamingogoldon Jan 28, 2021 9:58am

RE:No one is selling

They might get their 10% if they up the bid. $4.25 is still dirt cheap, even though they are fighting for us, they are in this to make money and will try to get it for as low as possible.
Post by jcw604on Jan 28, 2021 9:34am

No one is selling

I am not sure that they are going to get the 10% they wanted.
Comment by jcw604on Jan 28, 2021 4:20am

RE:RE:ENCOURAGING

This creates a huge liability to the SIR corp. They owed us money for sure. However, there are a chain of other liabilities to be met before ours. Eventually, they will have to pay us back. However ...more  
Comment by lostcauseson Jan 27, 2021 8:17pm

RE:ENCOURAGING

logicandinertia, thanks for your insight. should be noted that SIR CORP management has not come out of this looking very good IMO... Putting it midly... agreed. If SIR CORP continues to hold ...more  
Comment by jcw604on Jan 27, 2021 4:17pm

RE:Is this a buy at $4.00?

You can now get it at 3.9. Most of mine are below 3.5. It is a waiting game for me.
Post by BlueJay2020on Jan 27, 2021 12:57pm

Is this a buy at $4.00?

That is what I am asking myself now.  It's 25 cents below a formal offer, and only 45 cents above an informal one with the likelihood of one or more higher offers yet to come - and probably ...more  
Comment by flamingogoldon Jan 27, 2021 12:51pm

RE:RE:RE:We have a competing offer!

"This is more of sending a message"... exactly, Johnny Cash style... https://i.pinimg.com/originals/52/ef/2c/52ef2c970932ba402f79e643838c03c0.png
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