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Bullboard - Stock Discussion Forum Sir Royalty Income Fund SIRZF


Primary Symbol: T.SRV.UN

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

Bullboard (TSX:SRV.UN)

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Comment by Robsopinionon Sep 28, 2021 9:52am

RE:$100M market cap

I think this is an amazing post, and should be revisited. It was certainly an angle I wasn't focused on at the time. I did not verify the numbers but am more than confident that BJ did.  ...more  
Comment by Robsopinionon Sep 27, 2021 5:27pm

RE:RE:RE:Looking good.

Unfortunately that was not what was happening behind the scenes in those restaurants. They had their salaried managers working all positions and rediculous hours. They also lost a number of good ...more  
Comment by flamingogoldon Sep 27, 2021 3:51pm

RE:RE:Looking good.

Despite the conflict of interest of operating Renegade Chicken out of Jack's kitchens, it saved the day. It created some cash flow, helped test a new brand and business model but also kept ...more  
Comment by BlueJay2020on Sep 27, 2021 3:44pm

RE:Looking good.

Staff shortage has to be a relatively short-term problem, like the supply chain issues.   Millions of alternative better-paying jobs for the otherwise unskilled didn't suddenly appear ...more  
Post by maplakon Sep 27, 2021 2:56pm

Looking good.

https://apple.news/AIWaxA2JcRJ--4mOX-nQ-rw
Comment by flamingogoldon Sep 27, 2021 2:53pm

RE:30-day performance

We were lagging behind everyone of those chains/funds and the sector as a whole. We only now just caught up.
Post by BlueJay2020on Sep 27, 2021 2:36pm

30-day performance

Boston Pizza down about 4.5% Keg down about 1% Pizza Pizza up about 2% MTY Food Group down about 3% Restaurant Brands down about 1% A&W about flat   SRV up 35%
Comment by BlueJay2020on Sep 27, 2021 11:16am

RE:The $12 wall

And there she goes! :)  
Comment by flamingogoldon Sep 27, 2021 10:43am

RE:RE:RE:RE:RE:$100M market cap

... and an incentive for a healthy shareprice bodes well for us little fish!
Comment by flamingogoldon Sep 27, 2021 10:35am

RE:RE:RE:RE:$100M market cap

ya I wrote that incorrectly, I meant the biggest shareholders of SRV including Mr. Janes and Mr. Irvine will need a healthy shareprice and volume if they ever decide to exit to cyrstalize their paper ...more  
Comment by BlueJay2020on Sep 27, 2021 10:28am

RE:RE:RE:$100M market cap

I suspect Lembit very much has a private equity mindset where illiquidity of investments is pretty much a given.  Mind you, this is on the illiquid end of illiquid  investments - he doesn ...more  
Post by BlueJay2020on Sep 27, 2021 10:25am

The $12 wall

We are hovering below $12.  It wasn't that long ago at all that we were hovering below $11.  Once we broke through it was plain selling to the next 'barrier'. It's not in ...more  
Comment by Robsopinionon Sep 27, 2021 10:24am

RE:RE:RE:$100M market cap

I'm a little confused about whom you are referring to with the "non SRV" shareholders, do you mean SIR the parent company? And how would they cristalize their gains?  The other ...more  
Comment by flamingogoldon Sep 27, 2021 9:50am

RE:RE:$100M market cap

You can include me in that small crowd of "unforgiven". I want to echo what was said about the "paper gain" that the non-SRV holders have made. It is only a paper gain, so to ...more  
Comment by Robsopinionon Sep 27, 2021 9:36am

RE:$100M market cap

I think had Fowler offered $5.00 a unit he may have taken it. And he would still be laughing right now! But he really tried to lowball, and used his press releases to try and depress the stock and the ...more  
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