Sir Royalty Income Fund SIRZF

Hot off the press...

[Amgamg67]

https://ceo.ca/@newswire/sir-royalty-income-fund-and-sir-corp-provide-update-06f7b

[Wordless1]

That's grim. Sounds like they are warning the market that there is a realy liklyhood that the bank isn't going to be providing covennat waivers any more. SIR owes SRV somewhere around $11M in deferred royatlies, yet SIR has about $2M in cash and a bunch of deferred rents that will have to eventually be repaid if they don't fold before that. SIR's balance sheet is a scary thing

[Robsopinion]

Then why are you here? I couldn't think of any reason to visit a stock board of a company I "wouldn't touch with a million foot poll (sic) "  so again, why would you be posting here?  Unless for some reason there is something or someone motivating you?

[Wordless1]

No need to get your knickers in a not.  I'm here becasue I own BPF.UN & KEG.UN and I've traded in and out of SRV.UN for many years. I noticed the price moving up recently and I cant' figure out why with SIR corp's aalnce sheet. I have no motivation. I was sharing my view - an objective view that you should consider as a unitholder. Hopefully you looked at the balance

[Robsopinion]

Then why are you here? I couldn@t think of any reason to visit a stock board of a company I @wouldn@t touch with a million foot poll (sic) @@ so again, why would you be posting here? @Unless for some reason there is something or someone motivating you?

[Wordless1]

By the way, you don't visit message boards of stock you don't own? I was evaluating SRV.UN as an investment.  That's why I'm here. Thought I would share my research with the baord - that is what these boards are for, no? Sorry if I don't wear rose colored glasses and I have legimate concners about the vilaibility of SIR Corp's going concern.  I don't know how

[BlueJay2020]

Yeah, unsurprisingly Robsopinion likes Rob's opinion - which apparently everyone else is also entitled to. No doubt there is risk to this play, but also rewards.  Many of us here have easily doubled our original investment.  If you held the stock at any point in 2020, then it's not hard to see why you might hold now we are so close to being post-COVID. I would also take some

[Wordless1]

I bought some around $2.5 and sold at $3.50.  Obvioulsy sold way too early but har dot complain when you made money. I also didn't think the bank would pull the plug.  But after reading that update, i  made me wonder if they did that as a warning that it's coming?  That being said, I don't see how the bank would get their moneyback by pulling the plug either so

[pjn0987654321]

How do you explain that they got an offer from Janes?  

[Wordless1]

Anyone is free to buy units I suppose? Unless they have insdier info, they know as much as you and I. End of the day, the Fund owns all  the intellectual property to operate any of SIR's restarants.  Worst case scenario SIR goes into protection, gets rid of its debts, cancels all deferred royaltes to SRV, when SIR comes out of it, they still owe a royalty to SRV when they operate

[flamingogold]

I am not a monster, if it was necessary, I would accept to forgo the dividends understanding the unforseen hardship the company had to deal with. But, we keep our shares and move forward. We all accepted risk here. Where I draw the line was SIR corp looking to take the whole fund over for peanuts leaving many longs with a capital loss and no chance to recoup anything post-covid which we know is

[BlueJay2020]

Don't forget that the Trust hold the trademarks, which would still have some goodwill associated, and could be used to resurrect the business by transferring the leases or acquring new ones.   That's not necessarily a wonderful scenario, but it's not as though the Trust would be completely sunk and assetless without SIR management.

[jcw604]

Friday it started low, but finished all time high after the pandemic. The market has simply ignored the news. Don't know what happens on Monday though. Seems a big hand is buying all the slacks.