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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > Be careful badly minipulated stock SRV is !!

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Comment by flamingogoldon May 20, 2022 8:05am

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Post# 34697623

RE:RE:RE:Be careful badly minipulated stock SRV is !!

The price hit an annual high near the end of the trading day on May 17. That was the last day to buy to capture the next distribution. If you bought, the shares would return 7.6% which, in this moment where many sectors are getting whacked and inflation soaring, is a decent rate. Currently the return is +8%.

Demand to dine indoor has come back and we are just about to add to that with outdoor dining. It's up to you to decide if this is where you want to park some money but I have watched this stock for almost a decade and I feel comfortable owning. Try to buy a week or two ex-div, don't chase going into the last few days before that.

rabnud wrote: BS its highly manipulated it was $14 2 days ago and $12.90 today for NO reason

flamingogold wrote: It's a tightly held stock so it's not unusual for a small lot to artificially move the price. It's the range and the juicy dividend that matters.

rabnud wrote: you watch rhis stock and it goes straight up after been driven down then next day driven down on very very few shares traded (eg) on 1000 shares today on opening its down 24 cents
when you try to buy as ask your lucky to get 100 or 200 shares