Latest news with #KegRoyaltiesIncomeFund
Toronto Star
3 days ago
- Business
- Toronto Star
The Keg Royalties Income Fund Announces Second Quarter 2025 Results
Not for distribution to U.S. News wire services or dissemination in the U.S. VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the 'Fund') (TSX: is pleased to announce its financial results for the three months ended June 30, 2025 (the 'quarter') and the six months ended June 30, 2025 ('YTD').
Toronto Star
08-08-2025
- Business
- Toronto Star
The Keg Royalties Income Fund Receives Final Court Approval for the Transaction with Fairfax
Not for distribution to U.S. News wire services or dissemination in the U.S. VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the 'Fund') (TSX: is pleased to announce that the Supreme Court of British Columbia has issued a final order approving the statutory plan of arrangement under the Business Corporations Act (British Columbia) in respect of its previously announced acquisition (the 'Transaction') by 1543965 B.C. Ltd., a subsidiary of Fairfax Financial Holdings Limited, of all of the issued and outstanding units of the Fund (the 'Units') not otherwise owned by it and its affiliates (collectively, 'Fairfax').
Yahoo
27-05-2025
- Business
- Yahoo
Why The Keg Royalties Income Fund (TSE:KEG.UN) Looks Like A Quality Company
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we'll use ROE to better understand The Keg Royalties Income Fund (TSE: ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Keg Royalties Income Fund is: 17% = CA$19m ÷ CA$109m (Based on the trailing twelve months to March 2025). The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CA$1 of shareholders' capital it has, the company made CA$0.17 in profit. View our latest analysis for Keg Royalties Income Fund One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As you can see in the graphic below, Keg Royalties Income Fund has a higher ROE than the average (11%) in the Hospitality industry. That is a good sign. Bear in mind, a high ROE doesn't always mean superior financial performance. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk . You can see the 2 risks we have identified for Keg Royalties Income Fund by visiting our risks dashboard for free on our platform here. Virtually all companies need money to invest in the business, to grow profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. That will make the ROE look better than if no debt was used. Keg Royalties Income Fund does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.35. There's no doubt its ROE is decent, but the very high debt the company carries is not too exciting to see. Debt increases risk and reduces options for the company in the future, so you generally want to see some good returns from using it. Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. You can see how the company has grow in the past by looking at this FREE detailed graph of past earnings, revenue and cash flow. But note: Keg Royalties Income Fund may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
The Keg Royalties Income Fund Announces Trustee Election Results for its 2025 Unitholder Meeting
VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- The Keg Royalties Income Fund (the 'Fund') (TSX: is pleased to announce that all of the nominees listed in its information circular dated March 31, 2025 were elected as trustees of the Fund at its annual meeting of unitholders held on May 13, 2025 (the 'Meeting'). The results of the voting for each nominee are as follows: Nominee Votes For Votes Withheld No. % No. % Christopher Charles Woodward 8,173,330 93.26 % 590,798 6.74 % Tim Kerr 8,299,010 94.69 % 465,118 5.31 % In addition, the Fund reports that the appointment of KPMG LLP as the Fund's auditors for the 2025 fiscal year was passed by a majority of the votes represented at the Meeting. About The Keg Royalties Income Fund The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. ('KRL'). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool. With approximately 10,000 employees, over 100 restaurants and annual system sales exceeding $700 million, Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL continues to operate The Keg restaurant system and expand that system through the addition of both corporate and franchised Keg steakhouses. KRL has been named the number one restaurant company to work for in Canada in the latest edition of Forbes "Canada's Best Employers 2025" survey. The Trustees of the Fund have approved the contents of this press release. CONTACT: For further information contact: Investor Relations Telephone: 604-276-0242 E-mail: InvestorRelations@ in retrieving data Sign in to access your portfolio Error in retrieving data
Hamilton Spectator
05-05-2025
- Business
- Hamilton Spectator
Fairfax Financial signs letter of intent to buy Keg Royalties Income Fund
VANCOUVER - The Keg Royalties Income Fund has signed a letter of intent to be acquired by Fairfax Financial Holdings Ltd., its largest unitholder. The proposal for $18.60 per unit in cash values the steak house fund at about $211 million. Keg units closed at $14.22 on the Toronto Stock Exchange on Friday and were trading up more than 26 per cent after markets opened today. Fairfax holds just over a 50 per cent stake in the fund, according to data provided by LSEG Data & Analytics. The fund said its largest unitholder other than Fairfax, which holds a 14.6 per cent stake on an undiluted basis, has agreed to support the proposed transaction, subject to certain customary conditions. The fund noted the letter of intent is not a definitive agreement, which remains subject to, among other things, a formal valuation and fairness opinion, various regulatory, court and stock exchange approvals, and approval at a special meeting of the unitholders. This report by The Canadian Press was first published May 5, 2025. Companies in this story: (TSX:
