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Bullboard - Stock Discussion Forum Sir Royalty Income Fund SIRZF


Primary Symbol: T.SRV.UN

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

Bullboard (TSX:SRV.UN)

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Comment by alkhoron Apr 22, 2021 11:46am

RE:Low volume.

Or not buying
75
Discussion
Post by wildrunner11on Apr 22, 2021 11:43am

Low volume.

As of 11:40 am only 30 shares have traded today. Seems everybody is holding.
123
Discussion
Comment by BlueJay2020on Apr 18, 2021 11:07pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The Fund responds...

I think that's a tenuous argument which would be very expensive to test in court. A non-compete clause would be a better bet, if there was one.
89
Discussion
Comment by Fabozzion Apr 18, 2021 11:50am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The Fund responds...

Agree....I just believe it could set a very bad precedent for the Fund as well as take the operating focus off of the Fund's main trademarked restaurants.  
89
Discussion
Comment by jcw604on Apr 18, 2021 11:46am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The Fund responds...

The renegade chicken even without being included in the calculation of the royalty income, they will still get SIR out the jail of other lenders faster. Off course, I prefer them to be in the book of ...more  
99
Discussion
Comment by Fabozzion Apr 18, 2021 9:41am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The Fund responds...

The assets are the trademarks which have allowed for the number of standalone restaurants in prime locations to exist.  Do we think that a non-Jack Astor's or Scaddabush Sir restaurant could ...more  
90
Discussion
Comment by flamingogoldon Apr 17, 2021 4:29pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:The Fund responds...

Absoutely, without a doubt! "Renegade Chicken is now leveraging [the Fund's] assets to make revenue potentially outside of the Fund"
91
Discussion
Comment by Fabozzion Apr 17, 2021 11:33am

RE:RE:RE:RE:RE:RE:RE:RE:The Fund responds...

I don't know.  I think you can make a good argument that the staff and kitchen would not be there if not for the restaurants for which Royalty owns the trademarks.  It's the Jack ...more  
91
Discussion
Comment by BlueJay2020on Apr 17, 2021 12:41am

RE:RE:RE:RE:RE:RE:RE:The Fund responds...

I'm not as bothered about the use of the kitchens and staff of Jack's - the Fund did not pay for these. All we own is the brand.  What is at issue is a) the use of our customer lists ...more  
91
Discussion
Comment by flamingogoldon Apr 16, 2021 2:49pm

RE:RE:RE:RE:RE:RE:The Fund responds...

They are blowing smoke which is why Janes is taking a stand. Convenient that Renegade not only has an immediate kitchen, supply chain and employees all created by Jack's but also  can market ...more  
103
Discussion
Comment by Fabozzion Apr 16, 2021 2:34pm

RE:RE:RE:RE:RE:The Fund responds...

I'm a little confused about the comment from today's release that states Renegade Chicken "is not using any of the Fund's trademarks or being supported in any way by the Fund." ...more  
96
Discussion
Comment by flamingogoldon Apr 16, 2021 2:12pm

RE:RE:RE:RE:The Fund responds...

This was my thinking, why would SIR bury this info about Renegade, it negatively affects the value of the fund... unless that was their intention? The Fund should act in our best interest, but this is ...more  
82
Discussion
Comment by BlueJay2020on Apr 16, 2021 11:27am

RE:RE:RE:The Fund responds...

Yeah, a bonus point to Lembit for getting either SIR or SRV to utter the forbidden R word! One would have thought that infiormation would have more properly come from SIR rather than the Fund.  ...more  
79
Discussion
Comment by Robsopinionon Apr 16, 2021 10:08am

RE:RE:The Fund responds...

But nothing would have been said had it not been for Janes press release 
87
Discussion
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