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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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Post by Robsopinionon Jul 27, 2021 4:02pm

Globe article

https://www.theglobeandmail.com/investing/investment-ideas/number-cruncher/article-as-restaurants-begin-to-reopen-how-are-their-stocks-doing/#comments negative (and out of date) article today ...more  
Comment by flamingogoldon Jul 26, 2021 8:38pm

RE:RE:RE:RE:checking this out now

Sorry, wrong board... meant for the DGS guys.
Comment by flamingogoldon Jul 26, 2021 8:36pm

RE:RE:RE:checking this out now

Market contractions usually last around 12-18 months on average. We got that and more as the contraction was painfully severe and almost put us into a Depression. Now we've entereed the growth ...more  
Post by BlueJay2020on Jul 20, 2021 11:31pm

Strong performance from Chipotle

https://www.bnnbloomberg.ca/chipotle-sales-top-estimates-as-diners-shrug-off-higher-prices-1.1631094   Higher prices not deterring diners - a good sign!  
Comment by flamingogoldon Jul 20, 2021 12:04pm

RE:RE:$10.00

BlueJay, good call on the $10. Yes, I have said that stocks will definitely overshoot just as much as they get into over sold territory. Let's not forget how tightly held this stock is and with ...more  
Comment by BlueJay2020on Jul 20, 2021 10:35am

RE:$10.00

Yep and now more than a buck over pre-CoViD levels. Technically the chart looks good. Flamingo said a while back (perhaps on this board or another) that stocks like this can very easily 'over ...more  
Post by Robsopinionon Jul 20, 2021 10:07am

$10.00

And sailing past!
Post by BlueJay2020on Jul 19, 2021 11:15pm

Amidst the carnage…

... so good to see SRV up almost 5 per cent! Suddenly, it is a safe haven in a storm when other recovery plays are getting battered.
Comment by Wordless1on Jul 19, 2021 10:13pm

RE:RE:RE:RE:Opco Debt Levels

The fact theat they survivied is good enough.  But we should add all the unpaid royalties and interest to SRV.UN to that debt amount, plus who knows what kind of deferral agreements they signed ...more  
Comment by BlueJay2020on Jul 19, 2021 7:10pm

RE:RE:RE:Opco Debt Levels

Yep, you're right.  For some reason they decided to bury the new debt in other long-term liabilities, even though they include some of it in the bank credit facilities in the discussion ...more  
Comment by Wordless1on Jul 19, 2021 4:09pm

RE:RE:Opco Debt Levels

My bad there debt appears to be close to $37M. $24.3M + EDC $6.25M + BDC $6.25M = $36.8M They basically took advantage of the government back programs to pay down their bank.  Debt hasn't ...more  
Comment by Wordless1on Jul 19, 2021 4:01pm

RE:Opco Debt Levels

Looks like they issued more debt than they repaid for the 36 weeks ended May 9.... Looks like they owe the bank $24.3M + they owe EDC an additional $6.25M... So total debt is closer to $30M.... Their ...more  
Post by BlueJay2020on Jul 17, 2021 9:12pm

Opco Debt Levels

Someone posted recently that they were concerned over the high levels of debt that the operating company is carrying. On May 9, 2021 the bank was owed $24.3M. On August 31, 2020, the bank was owed ...more  
Post by noob32on Jul 17, 2021 11:07am

JackAstors packed last night!

With Stage 3 finally here, it's good to see ppl being able to dine in. Enjoyed some good food with some great company!
Comment by Amgamg67on Jul 17, 2021 8:53am

RE:RE:RE:RE:Sold all of mine today

I picked up some more durning the early morning dip ...:-).
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