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 > $100M market cap

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Comment by flamingogoldon Sep 27, 2021 10:35am

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Post# 33923613

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 gain.

Robsopinion wrote:
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 elephant in the room, is that as the economy improves Fowler is likely going to need more money to refresh existing stores and build new ones to replace what has been lost. To do that SRV will likely go to market with a share offering. They have legally blocked Janes from purchasing more units for 18 months or whatever it is. The larger holders are now very likely overexposed in the sector and the smaller players have faced almost being burned by the buyout. It would be a struggle to raise some significant fresh capital at this point.

Thank the lord we have Janes and his people at the board table now to block any stupid decisions.