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, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > KEG DISTRIBUTION REDUCTION WILL WEIGH ON SECTOR SENTIMENT

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Comment by flamingogoldon Feb 16, 2021 10:34am

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Post# 32572695

RE:RE:RE:RE:KEG DISTRIBUTION REDUCTION WILL WEIGH ON SECTOR SENTIMENT

Given that Keg is the leading brand in the sector, timing for a flip could be tricky. Indoor dining is on the verge of re-opening and given the vaccination success results in Israel, chances are we will never enter a full lockdown ever again in our lifetime. Sooo, roll the dice, sell and buy back lower? Or, just add to the position on weakness.

logicandinertia wrote:
Is actually interesting that keg has held up . You see this frequently with small cap cdn stocks that are primarily retail held. There isn't an immediate drop as most won't even know the news. So there are stale retail bids at lower levels that are hit . As the news filters thru, it likely drifts lower over coming couple of weeks .

Since the ill advised bump in the dividend in early fall, keg stock is up 73 percent. Only Down about 4 percent this morning. Great selling opportunity for those more tactical...

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