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, 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 > $10.00

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Comment by flamingogoldon Jul 20, 2021 12:04pm

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Post# 33575426

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 such a low float too. The big fish that gobbled up shares will need much higher prices to eventually find buyers for. But, I don't see them selling soon. With over 1.6 milion shares, Mr. Janes is taking in $115,000 in dividends a month. Fills the tank on the yatch lol.

BlueJay2020 wrote:
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-correct' to the upside, just as they do to the downside. I agree and wouldn't rule out a spike that pre-empts the longer-term SP.

Robsopinion wrote: And sailing past!