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KEG Royalties Income Fund T.KEG.UN

Alternate Symbol(s):  KRIUF

Consumer Cyclical Restaurants
The Keg Royalties Income Fund (the Fund) is a limited-purpose open-ended trust. The Fund’s objective is to provide consistent monthly distributions to unitholders at the highest sustainable level. The Fund, through its subsidiary The Keg Rights Limited Partnership (the Partnership), purchased The Keg trademarks and other related intellectual property (the Keg Rights) from Keg Restaurants Ltd. (KRL). The business of the Partnership is the ownership of the Keg Rights and, through a License and Royalty Agreement with KRL to exploit the use of the Keg Rights and the collection of the royalty payable under the License and Royalty Agreement equal to 4% of gross sales of Keg restaurants included in a specific pool (the Royalty Pool). KRL’s principal activity is the operation and franchising of Keg steakhouse and bar restaurants in Canada and the United States. The Keg GP Ltd. is the general partner of the partnership and administrator of the Fund.


TSX:KEG.UN - Post by User

KEG Royalties Income Fund > Likely to test $14
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Comment by nedstar71on Sep 13, 2023 6:28pm
134 Views
Post# 35634934

RE:Likely to test $14

RE:Likely to test $14Anything is possible things are getting ugly for the sector.  I'd be blowing out whatever I could on SRV if the volume allows it to slowly ease into this if staying in the restaurant sector at all.
Restaurants are weakening big time and that one trades at a premium but was by far the worst performer in the slow down before covid. It's no volume strength is a good time to bail and not ride the $3 or 4 potential downside, or $10 downside if things get really bad.  People are tiring of out of control tipping demands, high prices etc.  The Keg is about the worst offender of this but at least has a higher end clientele for the most part that may keep them going.
Market is rolling over for a lot of our favourite stocks.  Covid being over euphoria is wearing thin.  Restaurants are slitting their own throats pushing minimum 20% tipping on already bloated prices. Good article below showing the 'disturbing' trends in Toronto

https://beta.cp24.com/news/2023/9/12/1_6558487.html
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