Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

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 > Most minipulated stock on the market

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Comment by flamingogoldon Mar 07, 2024 9:46am

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Post# 35920218

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Most minipulated stock on the market

I had to put those 2 on ignore awhile back. Constant complaining despite various board members offering help which fell on deaf ears.

nedstar71 wrote: I don't totally disagree, but with the lack of volume driving that August blip/drop here i don't think it's really comparable. And yes with your low cost base and potential capital gains to be booked I can see why you might not want flip out of this. But for most it would have been wise to sell this if volume allowed and get into other plays that were showing big weakness in autumn. I just used the Keg as an example being restaurant chain but there were many others. Heck on Aecon I went from owning none to it being my 2nd largest holding late October and it's up 60% since then. Great day today too!
But yeah my main point was aimed at dunbar/rabnud to stop whining, a 6.7% decline isn't awful, heck if one or two of my losers were only down 6.7% I'd be ecstatic. I'm sure you wouldn't disagree :-)

flamingogold wrote: I think what's being omitted here is that the "crushing October" correction occured a couple of months earlier for SRV.

In July 2023 SRV was over $17 and a month later it hit a low of $14.66. Total 1 month decline of +14%. The Keg's total decline from Aug - Oct was 16%. Both equities since recovered but lately SRV has dipped.

Either way, I am not concerned, as I hold for the distribution which for me is +20%, not the capital fluctuations on paper.

nedstar71 wrote:
rabnud wrote: I have found that Bessemer Investment Management LLC dumped 90% of the shares they held which may have contributed to our awful downfall IN SP value in the last 3-4 months

Awful downfall? In the past 3 months it's down 6.7%. Also keep in mind this one didn't get destroyed in late October the way every other dividend paying royalty play did. The right move would have been to sell every share of this when it was holding up and put the money into the Keg below $13. Or any other of the plethora of dividend payers that got crushed in late October.
But yeah, down 6.7% in 3 months is an awful downfall? You must never lose.