Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Financial Services Asset Management

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 > Stink bid day…just in case

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Comment by BlueJay2020on Dec 17, 2021 4:56pm

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Post# 34242215

RE:RE:RE:Stink bid day…just in case

Well, that post didn't age very well at all.!

https://globalnews.ca/news/8459706/doug-ford-announcement-friday-covid/amp/

BlueJay2020 wrote:

Strong finish to the day and no stink bid activated - when it got down to 11.00 briefly I thought it might do but it went back up to the 11.50s pretty sharpish.

Very strong performance considering a 19 cent distribution. And day by day stronger hands are coming in at higher average prices. There almost has to be some volatility ahead but the last few months have shown us that dips are very shortlived.

i would not be surprised if Ford brings in restrictions as soon as we hit January - he is too scared to do it before Christmas. That means a very busy December for Sir's restaurants. Not too bug an impact to have restrictions in Jamuary when people are on a financial diet!

flamingogold wrote: I have some stink bids on some other equities like CHR, DFN and HOT. We are supposed to get a Santa Claus rally but then again when has the market ever been a sure thing lol.

A capacity reduction of indoor dining, if it occurs, is just a buying opportunity as by the Spring this stupid covid variant will fizzle out and the next one will just be equally or more transmissible but even weaker. They say the symptoms of Omicron are the common cold... what the f? Buy the fear!

BlueJay2020 wrote:
As the exit door to this stock is very narrow, I've put a couple of extremely stinky stink bids in as a bit of a hedge if things happen to go really south today. Pre-market showing $11.53 SP but who knows what the open will actually be.

Quebec reducing restaurant capacity to 50 per cent from Monday...Ontario 'experts' calling for a circuit breaker...neither do a great deal for sentiment on top of going 'double' ex-div with the extra distribution.