Sir Royalty Income Fund SIRZF

Stabilized SP

[Robsopinion]

I really feel that we have hit a nice plateau now. People who wanted in, are in. People who wanted out, are out. We have transitioned back to this being a buy and hold, income investment, which is where it has always been traditionally. With the last crazy 18 months behind us we can go back to focusing in on our other investments and just collect that nice, juicy, monthly distribution.

[flamingogold]

The drama has passed and it was one for the record books for sure. I got into SRV because I love holding a few boring div paying stocks. While everyone is playing the stock ponies like crypto, EV and meme names, most get burned while SRV is off most trader's/shorters radar paying double digit tax advantaged distributions.

[BlueJay2020]

I hope that's not a premature call!  I think we're in a bit of limbo in terms of seeing what traffic is going to look like over time.  I think 7 cents a month is locked in for the next 9 months and that will support the SP - if it increases over that time, then I think that will be a real catalyst and a sign of confidence.  There's only so long that a restaurant stock

[wildrunner11]

BlueJay, could you please do a post like this in 3-4 months saying it is locked into 9 cents. I would appreciate it. I mean this in the nicest way possible:-)  

[BlueJay2020]

For sure! :)  When I said locked in I meant it would not go down below that 7c level, hence I was speculating about the possibility of a hike and what that would mean for the SP.   I must, admit, though, that I didn't see a 2 cent increase coming this soon.  I will write another post about this shortly.

[Robsopinion]

You're smiling today, eh wild runner?

[wildrunner11]

Robopinion, I'm quite content. The market is starting to worry me feel there is more down side risk then up.

[BlueJay2020]

I'd agree as far as the market is concerned, although in part it might become one of those self-fulfilling prophecies.  Which is why September is often a rough month, even though logically there should be no reason why this is the case over a period of time. I think we are still in that phase were stock-picking is key rather than holding broad-based ETFs, the exception to that possibly

[flamingogold]

A big key to our rise has been support from some very big fish. Unless they start selling I can't see any reason to liquidate any shares. Long and strong here, covid is just ending so we are just getting started. https://ceo.ca/api/sedi/?symbol=SRV&amount=&transaction=&insider=