Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Sir Royalty Income Fund > Stink bid day…just in case
View:
Post by BlueJay2020 on Dec 17, 2021 8:41am

Stink bid day…just in case

As the exit door to this stock is very narrow, I've put a couple of extremely stinky stink bids in as a bit of a hedge if things happen to go really south today. Pre-market showing $11.53 SP but who knows what the open will actually be. 

Quebec reducing restaurant capacity to 50 per cent from Monday...Ontario 'experts' calling for a circuit breaker...neither do a great deal for sentiment on top of going 'double' ex-div with the extra distribution.

Comment by flamingogold on Dec 17, 2021 10:40am
I have some stink bids on some other equities like CHR, DFN and HOT. We are supposed to get a Santa Claus rally but then again when has the market ever been a sure thing lol. A capacity reduction of indoor dining, if it occurs, is just a buying opportunity as by the Spring this stupid covid variant will fizzle out and the next one will just be equally or more transmissible but even weaker. They ...more  
Comment by BlueJay2020 on Dec 17, 2021 4:07pm
Strong finish to the day and no stink bid activated - when it got down to 11.00 briefly I thought it might do but it went back up to the 11.50s pretty sharpish. Very strong performance considering a 19 cent distribution. And day by day stronger hands are coming in at higher average prices. There almost has to be some volatility ahead but the last few months have shown us that dips are very ...more  
Comment by BlueJay2020 on Dec 17, 2021 4:56pm
Well, that post didn't age very well at all.! https://globalnews.ca/news/8459706/doug-ford-announcement-friday-covid/amp/
Comment by JayBanks on Dec 19, 2021 3:40am
@ BlueJay haha don't feel bad, seen it happen a couple times, I also think the next week or 2 the measures will get stronger and likely worse for this buisness so I think your theory is bang on. Not only do people try and save $$$ in the early new year due to Xmas costs but also just in general, also you get the ones that want to lose weight or make more food at home and not eating out as ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities