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Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

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

Post by Robsopinionon Mar 15, 2022 1:59pm
232 Views
Post# 34515838

very quiet

very quietThis board has gone very quiet?
Where do we see the next direction?
Down because inflation is ramping up so quickly, and household disposable income is drying up? OR will that actually boost our summer sales? Spending my entire life in the business, it was always interesting how the consumer reacted. For instance, on a typical march break, if consumer sentiment was high, people would travel. This took them out of our markets and sales would be down. If, on the flip side, consumer confidence was low, people would hunker down and want to save money. They therefore would not travel, but they still wanted to do something, and restaurants and bars in our markets would be busy. When stock markets were up, people spent more in our business. When markets were sinking (especially quickly) people would stop dining out, even though the money they used in restaurants and bars was not the same money that they had invested in the markets.
It will beinteresting to see which direction sales, and therefore the SP go.
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