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 > 17.15?!?!

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Comment by rabnudon Jan 06, 2023 12:51pm

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Post# 35207221

RE:RE:RE:RE:RE:RE:17.15?!?!

now 1.20 on 23K shares thats ony 12500 actual share exchanged ? i have that many, this is very bizzare

rabnud wrote: its terrible should be looked into by regulators down 88 cents on 20K share volumn??????
Compypaul wrote:

babedinkleman wrote: There's not much question there are some games going on here with the trading. But it's games to get the share price higher.....which is an ok problem to have.....I just don't understand why.
No reason this chain should be trading at a premium to every other casual dining royalty play out there.....especially considering before the pandemic this was the worst performing one of the bunch.....by both a share price standpoint and a restaurant performance standpoint. I think they have improved things mind you.....but $17.50 and a 6.5% yield? Talk about being more than fully valued.....but hey......clearly nobody is lining up to sell so who knows what's going on behind the scenes. I don't own it and don't want to bash it....but if I did I'd be getting in the way of the trading games every chance I could with a sell order undercutting the ask. The odds of it going to 12 (or lower) in a downturn are a lot higher than the odds of it going to 23 in boom times. Even another dollar upside would be a stretch in my opinion.

it has been a crazy few weeks, hasn't it? Hit a high of $17.95 just recently but the games seem to have ended. Back to the mid 15s on no news at all. Sure looks like someone is manipulating this, doesn't it?