Sir Royalty Income Fund T.SRV.UN

In another stock chat board

[jcw604]

@jacko This will be an interesting story for the media....private corporation tries to purchase related Royalty Income Fund, at an opportunistic price, using borrowed funds, for less than the amount of debt owed to that same Royalty Income Fund.

[Tommy123]

This post has been removed in accordance with Community Policy

[jcw604]

If it keeps trading above 3.55 in the stock exchange, who will approve it?

[flamingogold]

Volume is low but still price is creeping up. I wonder who's buying?

[BlueJay2020]

Yeah, it's interesting.  It looks like SIR management are just watching and waiting before their next move.  They must realise that their offer is becoming less attractive by the day.  For every 80,000 shares sold above their offer price, that's another 1% of shareholders who are not going to touch their offer with a ten-foot pole.   I am sorely attempted to keep

[lostcauses]

Well so far its SIR vs stockholders 1:0. The longer it takes for SIR the better, as no royalties are being paid for the last 10 months and counting. Both Boston pizza and pizzapizza have been paying royalties the whole time or have resumed a reduced monthly payment.  Boston pizza reduced payments by 36.2% and pizzapizza by 22.9%. If we average these 2 reductions we get ~30%. Lets assume SIR

[jcw604]

Boston Pizza is based in the west and they are much less affected. Pizza Pizza always has delivery as a very significant portion of their business. We will eventually be back to normal, probably by year end. However, we're still very much affected currently. The reasonable price is some where in between 6 to 10 dollars. JMHO.

[Investor416]

exactly the point.  the majority shareholders see a path to increase their profit at the expense of the minority.  this stock is worth more than 3.55 any day of the week.  up unitl covid, they had a very stable dividend for years.  it is certainly worth the risk to deny the 3.55 offer to see how and when it rebounds