Sir Royalty Income Fund SIRZF

Decent report and waiver extended

[jcw604]

Do you find anything particularly troubling in the NR, except may be the current valuation of the Royalty fund unit? Even though the report should alleviate a lot of the jittery of the market, the fact that someone is dumping ahead of its releasing suggests that the market may be tired of waiting. I hope that it will recover tomorrow, but you never know the reaction of the market. Sometimes, good news is worse than bad news if the market acts against it. The idea is that if such good news cannot make the market happy, what can? People today are more concerned about the flow of money than real fundamentals.

[frugalGreg]

Agreed that the waiver until July is a positive. New $6M BDC credit facility at 4% interest. Cash on hand >$5M which should provide a reasonable runway. Same store revenue declines in Q4 were higher than I expected (~70%). No mention of Renegade. The big question for me was the $1M distribution from SIR to the Fund - no real mention about how these funds would be used and if we would see any

[pjn0987654321]

I read it and they do mention "going concern" but I can't tell if they are issuing a going concern warning or not.   "the Fund's ability to continue as a going concern for the next 12 to 18 months involves significant judgement." Is that a going concern warning?  

[BlueJay2020]

Just boilerplate disclaimer stuff that they are required to say.   I wouldn't read anything into it at all.

[flamingogold]

That is my interpretation too. Bottom line the vaccine is working. No deaths have occured in long term care homes since receiving their doses and this was the hardest hit group. It's now just a race against time. I must say I am disppointed with Ford who flip flops more than a seal out of water. Just days ago he announces hair salons to open in April and now they are shuttered again BEFORE

[BlueJay2020]

Totally agree about the flip-flop.  How on earth are businesses supposed to plan, especially where perishable food is involved?  Neither restaurants nor hair salons are the issue - its people getting together in their homes or even outside without proper precautions that must be doing this.  I just wish they had built more hospital capacity a year ago with all the money they have