Sir Royalty Income Fund T.SRV.UN

Why a green day for SRV when red elsewhere blamed on COVID?

[ChupacabraBueno]

Virus spike is being blamed for this down day (though some are pointing to a Democrat spike) and a virus spike should be bad news for SRV.

So what accounts for a 15% GAIN here today?? Thanks!

[Tommy123]

This post has been removed in accordance with Community Policy

[Tommy123]

This post has been removed in accordance with Community Policy

[flamingogold]

Or, as a laggard it's catching up to its peers? It's still dirt cheap.

[BlueJay2020]

Perhaps it is just the magnifying effect of the illiquidity of the stock.  I can't see a go-private transaction as you'd think the royalty piece would be the last thing to be sold - the operating company is already private.  I suppose an acquisition by a bigger player could be a possibility, but is there a fit? We will probably be back down to $3.10 tomorrow!

[Tommy123]

This post has been removed in accordance with Community Policy

[Tommy123]

This post has been removed in accordance with Community Policy

[flamingogold]

It could just be keeping pace with its peers, in fact the gap has widened since the others restarted dividends. I think this gap will shrink when a SRV distribution is announced, even a partial reinstatement will be positive. Peer Chart Comparison

[Tommy123]

This post has been removed in accordance with Community Policy

[flamingogold]

TFSA contribution room increased by 6k/individual this week, that new money could also contribute to the price/volume surge.