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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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Comment by flamingogoldon Jan 12, 2021 11:19am

RE:RE:RE:RE:RE:RE:RE:Bid

Recency bias....  where consumers/investors take recent events and favour them over historic ones.
56
Discussion
Post by TeamPineauon Jan 12, 2021 11:17am

Investor Relations

I sent an email to investor relations opposing the proposed acquisition, and suggest everyone does as well. Their email is ir@sircorp.com    
125
Discussion
Comment by jcw604on Jan 12, 2021 10:13am

RE:RE:RE:RE:RE:RE:Bid

people have short memories. Things will return back to normal.
58
Discussion
Comment by flamingogoldon Jan 12, 2021 7:29am

RE:RE:RE:RE:RE:RE:Bid

Of course the future is always unknown, but if we look to recent history to something like 9/11 many thought people would not fly again. Yet, the industry followed with record growth of passengers and ...more  
75
Discussion
Comment by jcw604on Jan 12, 2021 1:52am

RE:RE:RE:RE:RE:Bid

They have been coming out with these NR insisting that grace for breaching of the covenants may not be extended. However, at the same time they are able to come out with enough cash to buy the units ...more  
100
Discussion
Comment by flamingogoldon Jan 11, 2021 5:40pm

RE:RE:RE:RE:Bid

All restaurant royalty funds were trashed during covid, granted SRV a little more so. Yet, none of the other funds made the opportunistic move that SRV is looking to do. This is pretty much a stab in ...more  
118
Discussion
Comment by BlueJay2020on Jan 11, 2021 4:55pm

RE:RE:RE:RE:Bid

Oh, I agree it makes excellent sense for SIR, and will be good for the bank in the long-run - and terrible for us.  I just don't think it's the bank that's driving this and putting ...more  
80
Discussion
Comment by Lazaroson Jan 11, 2021 2:40pm

RE:RE:RE:Bid

The royalty SIR would no longer payout would go straight to cash flow. This is a no brainer for them or a lender; they quickly and meaningfully get a bump from keeping the royalty. They'd make ...more  
83
Discussion
Comment by BlueJay2020on Jan 11, 2021 2:22pm

RE:RE:Bid

I don't think that theory is credible (that the banks want SIR CORP to incur more debt now to obtain an asset that may or may not generate enough income in future to cover the repayments and ...more  
99
Discussion
Comment by jcw604on Jan 11, 2021 10:47am

RE:Bid

I think the only thing that they were trying to project is the chance of a SIR corp bankruptcy. As I have explained in previous posts, the SIR corp asset quality will significantly improve if it were ...more  
107
Discussion
Comment by jcw604on Jan 11, 2021 2:40am

RE:RE:The 3.5 bidder

The bid will be gone in the morning, and after people are scared and start to sell and when multiple sell orders asking at price lower than 3.5 are being placed, the bidder will come and scoop them ...more  
107
Discussion
Comment by flamingogoldon Jan 10, 2021 6:30pm

RE:The 3.5 bidder

For a sleep stock like this one, it is not often a bid that large gets put up. We will see tomorrow if it holds for the open and if filled does another large bid get put up after it, then we will know ...more  
112
Discussion
Post by jcw604on Jan 10, 2021 12:54pm

The 3.5 bidder

Bid: $3.50 Lots: 634 Ask: $3.51 Lots: 23 It seems that these NRs were helping the 3.5 bidder to get his shares cheap. Don't know if the bidder is SIR corp or an activist. It will make sense that ...more  
178
Discussion
Comment by jcw604on Jan 09, 2021 9:06am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Statement from the Independent Trustees

I think that the theory that the SIR corp is going bankrupt and they need to renegotiate their debt with their lenders by improving their asset quality is only something the SIR corp owner trying to ...more  
148
Discussion
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