Sir Royalty Income Fund SIRZF

Wow! Irvine Votes for Lembit!

[BlueJay2020]

That is a gamechanger. His reasons mirror ours, funnily enough!

[flamingogold]

And there it is again... that $3.55 opportunistic buyout attempt has been a hard pill to swallow for fund investors and puts the trust of management and board in serious question going forward. I wonder if and how SIR responds now that a vote for change is imminent.

[BlueJay2020]

To be honest, I am still a little mystified as to the hoohah over this election - what is really at stake in the longer-term here, other than revenge by the major dissident shareholders? It's not as if the Fund makes any major operating decisions and largely distributes what it receives from Sir Corp.  Would things have turned out differently with a different Fund board over the last

[wildrunner11]

You can include my app 0.25% for Lem as well.

[BlueJay2020]

Welcome to the Stockhouse Renegade Consortium!  I wonder when we should issue our first Press Release - it seems all the rage these days...

[Robsopinion]

The current board caters to Fowler. And Fowler has been treating both side of SIR (the operating side which for all intents and purposes he owns) and also SRV the royalty side which w invest in. He seems to have conveniently forgotten that without the investors (ours) money the company would have never become what it is. Our money built those restaurants. For that we take the royalty.  Was

[Robsopinion]

This is incredibly unexpected, yet fantastic news!  last week (Thursday or Friday) I reached out to both Mr Janes and SIR IR. Lembit responded right away. SIR IR still has not responded.   I hold units in multiple accounts. In one of my registered account where I took a position and re-invested the distribution back into it my ACB is $14.266. Yet Fowler wanted them for a couple of

[BlueJay2020]

That's not very surprising about the lack of response.  I had a question for IR last week about whether the loan interest was included in the 'royalty' (I assume it must be) - no response.  I really hope you can get back to break-even in that account.  Even with all the faffing about with selling and repurchasing my ACB is $5.38 so I am closing in on a double.  And

[Robsopinion]

That account has the least number of units in it, but is the most meaningful to me simply because it is for my kids education.  I had to do some math but my full ACB across all accounts is $7.23.  now I obviously paid a lot more for the units purchased more than a year ago, but also received the income stream along the way.  Of course had I purchased a dump of a house in

[flamingogold]

My ACB is mid $5 but I had to buy like a s.o.b. to get it down. There was a moment where I said to my wife we are going to lose half of our investment when the $3.55 takeunder bid landed. It was a sober moment. Mr. Janes stepping in turned the tide and for that he gets my vote. [/quote]

[Robsopinion]

My wife and I never fight. When it was trading at around $1.50 she told me to sell it all. I had bought all the way down despite the incredible financial pressures that we faced last year. I already had a significant investment in the company so every buy was a bitter pill to swallow. I flat out told her I would not sell it. She was angry for a couple of days and I could see her checking accounts

[flamingogold]

I think I earned my nerves of steel from holding BBD. I bought it in 2016 for around $2 on the promise of a new jet, which they delivered on. The stock went to the $5.50's 3 years ago, then the long slide started. Then, in Jan 2020 the CEO announces an early warnings miss. The stock tanks further. Then covid hits sinking it to 26¢. Like SRV, I didn't sell a share. Instead I bought

[Robsopinion]

Lol. I have 2000 bbd at ACB of $2.90. In my TFSA!  last year I was buying stelco, sleep country, Canadian natural resources, diversified royalty, carnival cruise lines, MGM casino, and some poorly timed, Nikola, pot stocks, and silver miners. The winners did better than SRV and the losers, well they are losers lol

[Lazaros]

Someone had told me back around 2000 or 2001 that BBD.b is a graveyard for money. That's where you send your money to die. Stock was probably closer to $40 back then, if my memory serves me correctly.

[pjn0987654321]

I've heard BBD referred to as "the Bomber".  Bombs your portfolio.  Perhaps you will be one of the exceptions.  Good luck with it.  

[flamingogold]

Yes, I am not proud of that investment, not my greatest move for sure. I think the high was just over $26 in 2000. I started buying in 2016 at just over $2 up to the $4's and then got caught. Dead money for the last 3 years now, but not my worst investment, a pot stock holds that crown. At one point it was actually SRV... so who knows, things can change!

[Robsopinion]

TBH I don't even know what they do anymore lol they sold off the train unit, the plane unit, the recreational unit, so the only revenue stream I can think of them still having is the Government subsidy unit. And although that likely brings in massive amounts of money it's not really a business model.  sarcasm off :) In all seriousness, BBD is one dog im not chasing down again

[flamingogold]

No problem, I completely understand. But, just so you know, they deleveraged out of all business units and have just one left... but it's a gem.... best-in-class private business jets for the elite billionaires and tycoons. The market space is growing as more uber rich are minted every year and covid is added fuel. I don't know what government subsidy you are referring to, but BBD did not

[BlueJay2020]

If I didn't know you better, that sounds like a pump and dump :) Never went near BBD, but I did come a cropper on Corus, Peyto, Bonterra and others, even before COVID.  It was a huge relief to be able to swap them for much, much better quality assets at firesale prices thanks to the pandemic.  In all seriousness, the last 15 months have been fantastic for my portfolio, and more than

[flamingogold]

Well, tbh I don't recommend it to anyone... it's been a headache to hold. Since Rob said he owned some and admitted he wasn't up to date with it I chimed in. I didn't buy any of it for my wife's TFSA, which I manage for her, and she is up to almost 200k in that portfolio (almost a 3 bagger from the max $75,500 we are allowed to start with) and making almost $1300k/mth in tax

[BlueJay2020]

Nicely done.  Embarrassingly, my wife's TFSA is by far the laggard of all the accounts I manage, even though it's up 100% since March 23.  I made a couple of very expensive mistakes, and it will be years before it gets in the black. However, you've just put Chorus back on my radar (see what I did there?).  I owned it pre-pandemic and then for a while in the early stages

[flamingogold]

Not to sound like a cheer leader again but Chorus will be a good hold. I have had Chorus for my wife's TFSA since 2013 or so.... which has been a huge factor behind why her account has done so much better than mine. It was a paying double digit divs for years and will after covid too. During covid I more than doubled her position and lowered her average too. Chorus will be in an even better

[flamingogold]

Rob, my ACB is $1.70 and I hold way too many shares than I originally had wanted to hold as I've averaged down a few times. My last buy was Jan when I topped up my TFSA and bought over 12k shares for 48¢ so that one helped. I think I've got a chance to breakeven as the company is on the path to cleaning up their balance sheet. At your average of $2.90, if you have the contribution