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.

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Sir Royalty Income Fund > $50 E-Gift card Bonus avail until the 29th

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Comment by Robsopinionon Nov 24, 2021 9:46am

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RE:RE:RE:RE:$50 E-Gift card Bonus avail until the 29th

Recipe stepping in with a bid would be beyond shocking to me. Firstly, they tried in the past, and were flatly rejected. If Fower were to sell, I think it would be to anyone but Recipe. Secondly, if Recipe were to step into the market for a large purchase, I am almost certain it would be to pick up the Keg units it does not currently own, this not only makes the most sense business wise but would also significantly clean up its accounting, P&L and balance sheet. Third and finally, Recipe has head office expenses that are mind blowing. They pay top dolllar for mid range talent, and burn through almost every dollar they bring in. Their debt levels are already extremely high making financing options very expensive. There may be other options but I would certainly count Recipe out.

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