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 > Cold call

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Comment by flamingogoldon Feb 05, 2021 10:52am

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Post# 32483492

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.

We all know SIR will likely do another IPO for $10. The dead weight of Canyon Creek will be gone (I am sure they want out of the remaining 3 locations) and they will have a hedge by entering the huge fast food take out biz with Renegade Chicken.

The takeout/popup business can grow much quicker than the large capital intensive brick and mortar dine-in establishments of Scaddabush and Jack's, although franchising could also come into the picture to help grow that.

Both scenarios are a win-win post-covid, which as one of the kings in hospitality said, "This is going to be the Roaring Twenties".

https://www.cnbc.com/2021/01/26/tilman-fertitta-sees-another-roaring-twenties-for-economy-post-covid.html

Robsopinion wrote:
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 $11 to $15 range and re-investing Divs along the way. I even have a decent portion of my kids RESP in it. I think at this point I only give them up when they pry them from my hands.

I really do miss the juicy monthly distribution though.