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, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund > In another stock chat board

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Comment by lostcauseson Jan 21, 2021 1:39am

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RE:RE:RE:RE:RE:In another stock chat board

Well so far its SIR vs stockholders 1:0. The longer it takes for SIR the better, as no royalties are being paid for the last 10 months and counting.

Both Boston pizza and pizzapizza have been paying royalties the whole time or have resumed a reduced monthly payment. Boston pizza reduced payments by 36.2% and pizzapizza by 22.9%. If we average these 2 reductions we get ~30%. Lets assume SIR will reduce payments by 30% then we will get 0.0875 x 0.7 = $0.0613.

SIR's offer is $3.55 per share which would take them only $3.55 / ($0.0613 x12) = 4.82 years to 'earn' back. If we use the old already reduced last dividend payment of $0.0875 , $3.55 / ($0.0875 x12) = 3.38 years to 'earn' back.

10 years would be a reasonable time frame for such an offer IMO. Which gives a stock price of 10 x 0.0875 x 12 = $10.5

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