Bullboard - Stock Discussion Forum Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

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... see more

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TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > see if it open above $8

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Post by jcw604 on Feb 24, 2021 9:07am

see if it open above $8

huge bid.

142

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Comment by BlueJay2020 on Feb 24, 2021 9:10am

Yeah, I saw that! Lets see what happens...has to be some pending news?

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Comment by flamingogold on Feb 24, 2021 9:16am

Without news could this be Janes behind the bid looking to squeeze out tightly held shares?

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Comment by BlueJay2020 on Feb 24, 2021 9:27am

Bid/ask now down to 6.50 and was 8.50 first thing this morning. This is so illiquid that I guess crazy things can happen in pre-market. Still, it's been a while since we have seen anything like this.

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Comment by flamingogold on Feb 24, 2021 9:32am

That was fun lol. I wonder if Janes was testing bid levels to see how many shares would flush out at higher levels. Who else would be playing with the stock like this. There are so few shares, this could move quickly on any good news.

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Comment by BlueJay2020 on Feb 24, 2021 9:37am

Yeah, hit 6.50 for about 5 seconds! We've done a days worth of trading in the opening 5 minutes! Which is good news in terms of the average cost base of the shareholders. Still up 10% as I type, but I think there is further to go today..

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Comment by wildrunner11 on Feb 24, 2021 9:47am

Don't forget Jane now owns >10% so they need to do disclosures to buy and sell shares. I'm pretty sure that is why Jane made an open offer, they had own 9.85% so they were close to the 10% requiring disclosure.

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