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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > In what world…

<< Previous

Bullboard Posts

Next >>

Comment by BlueJay2020on Jun 01, 2021 2:04pm

33 Views

Post# 33304087

RE:RE:RE:RE:RE:RE:In what world…

i hear you, but I can assure you there was no ill-intent behind the action. If there had have been I would not have disclosed the tender!

To be perfectly honest, as possibly with many of us, this is my first real experience of 'crisis investing' - I lost 40 per cent of my portfolio in 3 weeks in early 2020 , the basis of my primary income. From then its been a mad scramble to claw my way back bit by bit without getting too greedy on one stock. I sold MTY at $45 and now its in the $60s, but I still made good money on it in just a few weeks. The same with Shawcor. I was worried the price would drop after the tender and I wanted to see if it did. It did but not for long. Hindsight is 20/20.

Right now, I am in total 25 percent above my pre-Covid level so now my risk profille is very different - hence why I have continued to add at higher SP.

Robsopinion wrote:

BJ,
you did have the good sense and humility to buy back in, yet to be honest, I still fell what you did was in very poor taste. You were on this board pumping everyone to hold and as soon as the markets closed on the last day of Janes you announced that you tendered. It gave the sense that you wanted to try and ensure your order was filled completely.

I do have a lot of respect for you in general, and your comments are very on point, you are also very honest about the financial cost that you bore. But....