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Opinions Michael Decter
Keg Royalties Income FundKEG.UN.TOCOMMENTMay 13, 2015
Stock price when the opinion was issued
As of Aug 12, 2025. Market Open.
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Premium contentThis Vancouver based restaurant royalty has emerged thriving following the pandemic shut-downs. The company is prudently managing cash reserves to retire debt and support a strong dividend. Latest reported earnings showed a 14% increase in sales for the year to date. We recommend placing a stop-loss at $11.75, looking to achieve $16 -- upside potential of 18%. Yield 8.4%
Not widely followed and not very liquid. Overall this is a decent story. You would have to evaluate some of the story to Alberta and whether that is significant. A lot of these restaurant royalty funds have done quite well, because the consumer has proven that they are overspending like a drunken sailor on a shore leave.
This is a good business and the royalty structure is a good structure. This is sort of a beneficial thing to put in something that doesn’t attract full taxation. These are good retail holdings.