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Bullboard - Stock Discussion Forum Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

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... see more

TSX:SRV.UN - Post Discussion

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Comment by jcw604 on Dec 23, 2020 4:35pm

RE:Still closed above Monday's opening

Today's high and low are both higher then yesterday's. This is the good sign.
Comment by BlueJay2020 on Dec 23, 2020 5:52pm
Yes, it is.  Tax-selling season almost over, so that should help.   We now have some new buyers who will hopefully stick around - but it will still be choppy over the next 3-4 months.
Comment by jcw604 on Dec 24, 2020 8:28am
I think it is just a matter of going against the market based on the chart, if you want to do some trades. At this point, it is still at the cheaper end of the saw tooth. It should go back up to at least 2.9. If it climb beyond 3, it probably has more momentum.
Comment by jcw604 on Dec 24, 2020 2:19pm
Usually, the lowest day of SP is well ahead of the end of tax loss selling. It is happening to this stock. It also seems to have quite a bit of momentum. All good!
Comment by BlueJay2020 on Dec 24, 2020 6:20pm
Yep, happy and relieved with the last couple of days SP as I was fearing we might go below $2 at one point.  Feeling more confident it will be onwards and upwards once we get to 2021.
Comment by jcw604 on Dec 24, 2020 9:03pm
This is an exceptional stock that I found sanity with stock prices movement in the Canadian market. Usually, the Canadian market is not so forward thinking. However, this one seems to be played by a bunch of more matured investors with forward thinking. One thing I observed is that the stock price fell ahead of bad news and it was already recovering on the day when the bad news was announced. E.g. ...more  
Comment by BlueJay2020 on Dec 24, 2020 10:51pm
You make some interesting points.  I think the ownership of this stock will have changed dramatically over the last year, from people looking for some stable income to people looking for significant capital gains.  I cannot imagine that many of the initial group held on when the stock was a buck fifty. and that was why I was a little surprised that there was a sell-off this week (in ...more  
Comment by flamingogold on Dec 25, 2020 8:48pm
I've been in CHR a long time, bought in after they sliced the div by 50% and rode it up. This is another time to own it and wait for the div to come back. Same with SRV. As for Shawcor, I've never followed it, but just took a look. Wow that is one ugly chart. Down 6 years straight. GLTA in 2021.
Comment by BlueJay2020 on Dec 27, 2020 2:47pm
Yeah, the Shawcor chart is pretty ugly! It's tracked down with the oil slump since about 2015.  However, it's a billion dollar revenue company with a $250M market cap, and they just sold a relatively small and non-core piece of the business at 1x revenue for about $117M.  That impies a market value of $15 a share and it's currently trading at $3.50. It is targetted by short ...more  
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