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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 15, 2023 6:02pm
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Post# 35639192

RE:RE:RE:RE:RE:RE:Likely to test $14

RE:RE:RE:RE:RE:RE:Likely to test $14What chart are you be looking at that would give you $12 as a support level?  Other than the +/- year spanning the covid nonsense it hasn't traded below $14  really at all, and long term support would appear to me to be closer to $15 for 10 years now. 
But if you are content on using $12 plus a premium as your number, unless the premium was about 6 bucks above that it would be a none starter anyway imo.  Not much chance anyone would even entertain an offer for less than $18, even in the choppy seas the restaurant sector appears to be entering.  I'd say if those choppy seas do get really bad the Keg is the one chain that comes out on the other end.  If history is any indication the mid range SRV chains and the comparables that Recipe owns get slaughtered first.  Who knows.  Someone is clearly driving it down and selling it daily so what do I know.
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