Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My pleasure. Beautiful day here in Malaga. Heard it's raining back at home. Stay safe!
Well done, ELAL. Two very Informative and promising contributions back-to-back. A real confidence-builder as well.
Thanks for sharing something that should be the new standard for anything else concerning MGLD that we see posted here from those who pride themselves on dispersing company news.
While we continue to focus on the profitable growth of all or our businesses, this year’s goal is to reinvest
in the financial services side of things as we complete the development of and formally introduce our
fintech app. The annual shareholders’ meeting will be held in Denver, headquarters of Marygold & Co.,
on November 11, 2022”.
Last year’s annual letter was late, and came out in March 2022, about 7 months ago. Since then we
have continued to execute on the plan laid out above. I have a Marygold & Co. card and am testing it
along with the internal team.
Beyond that, I have nothing else to say except, stay tuned. So a short letter this year.
As always, feel free to email me directly at ngerber@themarygoldcompanies.com anytime about
anything.
Thank you for being a shareholder of The Marygold Companies, Inc.
Nicholas D. Gerber
Chief Executive Officer
Chairman of the Board
(*) The financial data and results of operations are for the fiscal year ended June 30, 2022.
The Marygold Companies, Inc.
Message from the Chairman
October 2022
Dear Fellow Shareholders:
The Marygold Companies’ net income for the 12 months ended June 30, 2022 was $1.1 million,
increasing the book value of our Company by 13.1% from June 30, 2021. Since the present management
team and corporate holding company structure was established in 2015, fully diluted per share book
value has grown from $0.21 to $0.74 (1), a rate of 20.2% compounded annually. Our goal is to have the
growth of book value exceed the growth of the FTSE Global All Cap index on average over time.
The Marygold Companies Performance vs. the FTSE Global All Cap Index as of June 30, 2016(7)
through June 30, 2022
Fiscal
Year
Ending
June
MGLD
Book
Value
Per
share (1)(2)
MGLD
Book
Value
% Change
MGLD
Stock
Price (1)
MGLD
Stock
Price
% Change
FTSE
Global All
Cap Index
with
dividends
included
% Change
2016 $0.21 $1.05
2017 $0.34 67.9% $1.77 68.5% 18.9%
2018 $0.44 28.6% $0.70 -60.5% 11.5%
2019 $0.45 1.3% $0.65 -7.1% 5.3%
2020 $0.50 10.9% $0.97 49.2% 1.8%
2021 $0.66 32.0% $2.00 106.2% 41.1%
2022 $0.74 13.1% $1.40 -30.0% -15.9%
(1) Adjusted for splits. (2) Fully Diluted Shares
I ended my last CEO shareholder letter with the summary of, “Overall, another good year considering the
pandemic. And a milestone time in our growth and development, with a new corporate name and uplist
to the NYSE American exchange.
And "BUENOS TACOS" to you, too!
Thanks all for the updates and greetings from Espagna
$MGLD to present at LD Micro Event
Oct 26, 1:30pm, Luxe Sunset Blvd Hotel
https://www.meetmax.com/sched/event_86249/__co-list_cp.html
https://www.meetmax.com/sched/event_86249/conference_presentations.html?bank_access=0&event_id=86249
$MGLD
https://themarygoldcompanies.com/
.
So, after this latest MGLD Quarterly Report, all this means is that for the time being I'll have to keep delivering the New York Post on my morning paper route with my MoPed, and also that I can't yet give my two-weeks notice as a weekend greeter at my local Walmart.
Damn!!
Alright, the MGLD news is out. Not great, but no real downer either. The economy and Covid slowed our sales. We're like 6,000 other stocks rampantly affected by them.
What now, you ask? Obviously, its steady as she goes. So, we hold on for another quarter and see what shakes out. It may be until year before we fully recover. We've been here before and we may now be looking at the same opportunity we've had in the past to buy people's discarded shares at a relatively good discount.
For bottom feeders it may be another chance to get MGLD at sub-$1 again and be ready for the next bounce. This isn't really a gut-check time in which to be all that worried. Gerber said we're in a good cash position overall and that we are essentially debt-free. And we all know that low cash reserves coupled with crushing debt is what does in many small companies. So, rejoice in this and do remember that, as the report stated:
"During the year ended June 30, 2022, the Company’s cash position and net income were negatively impacted by an aggregate of $5.7 million in expenses in connection with a cash payment of $2.5 million in the first fiscal quarter related to a legal settlement, and by an additional $3.2 million expensed during the year toward completion of the Marygold & Co. (a wholly owned subsidiary of the Company) fintech mobile banking app."
One-time quarterly expenses are to be taken in stride. BTW, did I mention that we are essentially debt-free?
From today's press release: "Foundational Progress, Beta Testing"
"Company Reports Profitable Operations and Further Strengthening of Balance Sheet"
“From a corporate development and operating perspective, excellent foundational progress was made in fiscal 2022 to position the Company for the future”
"..we changed our corporate name to align with our Marygold & Co. subsidiary, which is currently beta testing its proprietary consumer fintech app for sending, receiving, spending and saving securely through mobile devices.”
https://www.businesswire.com/news/home/20220928006085/en/The-Marygold-Companies-Reports-Financial-Results-for-Fiscal-2022/?feedref=JjAwJuNHiystnCoBq_hl-bV7DTIYheT0D-1vT4_bKFzt_EW40VMdK6eG-WLfRGUE1fJraLPL1g6AeUGJlCTYs7Oafol48Kkc8KJgZoTHgMu0w8LYSbRdYOj2VdwnuKwa
You obviously made me think of it. Tried getting some shuteye before my trip tonight to Europe but that didn't work out. Wife's birthday is tomorrow so we decided to splurge and fly BIDNESS / FIRST CLASS.
I'll be monitoring for the next few weeks from abroad.
Hello J.Lo!
Haven't thought of that song for like decades!
Don't be fooled by the rocks that you've got, you're still , you're still Jenny from the block you're saying? I'm with you and won't be buying more for a few more days if I choose to! 423k and counting for now...
Don't any of you be fooled by this sudden rise in MGLD based on people paying "ask" prices with low volume. Just because a MM puts up an "ask" price in their own best interests and someone is an "ass" by being foolish enough to pay that much for MGLD shares, its totally meaningless.
I like to see our shares go up as much as anybody, but don't any of you fall into the trap set by MM's to sell to an unwary public the shares they just bought cheap. UNTIL THE EARNINGS REPORT BACKS UP THIS PRICE ACTION ON LEGITIMATE AND INCREASING VOLUME, just assume that its speculation driving the BUYING and MM's greed driving the PRICE.
The MM's can again drive down the price at any time. Hint: If and when I buy it is ONLY at the bottoms when I can get a price that I'm willing to pay and then I patiently WAIT until I am filled at that price. I do this daily. Most of the time I can only get a few hundred shares or many more during a day, sometimes none, but I have the full, personal sense of satisfaction that I was NEVER at the mercy of anyone dictating what I will pay.
Sticking to this plan has stood me so well and allowed me to accumulate MGLD on MY terms. Its also allowed me to sell into the PUBLIC'S terms of what THEY are willing to pay for MGLD shares at a later time.
And Bossa Nova to you, too!
So with you 100%! Have a good night and Shana Tova!
Yeah, yeah. Yada, yada, yada, IMO.
What I'm getting at is just this:
If it isn't we here who are doing the selling and since we know that the company execs are certainly holding on, then just who is left?
It must be those who have the framework to sell short and/or disgruntled shareholders who have been in for months at various higher prices who are not aware of the upcoming earnings release. If it truly WERE a mass EXODUS (pardon the biblical reference) because of a foreknowledge of anything negative, we would see far greater volumes as people headed for the door.
We don't see that, do we? These so-so volume days downward reveal themselves as a limited group actors I referenced above making their moves.
Now, for we players who are in this for longer-term purposes, what do YOU think WE should be doing during these price dips. I KNOW WHAT I'M DOING DAY BY DAY and it is NOT hitting the SELL button!
I think I heard my broker saying something.
It sounded like "You've Got Shares".
MGLD earning due sometime tomorrow, imo.
SEC Filings:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001005101&owner=include&count=40
.
So what are you suggesting?
TREE FALL?? Let me ask you this variation of that age-old query:
If a stock falls in a market and there's no one there who invested in it, will people make a sound?
Conversely, if a stock falls in a market where plenty of us are invested in it, will we not make a sound but continue to accumulate it?
Did a tree fall?
Did earnings come out?
I didn't hear anything. Sure I would have heard "You got Earnings!".
Yahoo listed Monday/Tuesday, could Yahoo be wrong?
Wednesday should be 90 days.
SEC Filings:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001005101&owner=include&count=40
MGLD
https://themarygoldcompanies.com/
.
I don't hear any noise from you people. I thought this MGLD dip would bring out another flurry of posts of how glad you all were that you've stocked up a warehouse full of shares at close-out prices! I'm still me doing what I do no matter what.
Come now! Where's that old MGLD board spirit we all are known for? Times like these are made for capital deployment for a good cause. When this "sale" is over its back to full "retail." Think like a businessman.
Its time to say good-night to you funny people.
OY!
The Power of a Private-Banker is at Your Fingertips
September 19, 2022
Chad Butler, President & COO of Marygold & Co
The banking industry is rapidly changing, and fintech solutions are revolutionizing how we interact with financial institutions. The modern banking experience is about more than just financial transactions — it’s about convenience, security and style......
https://www.globalbankingandfinance.com/the-power-of-a-private-banker-is-at-your-fingertips/
What are the benefits of a private banker?
How the digital age is transforming banking and financial services
The future of banking is now
Marygold & Co
https://marygoldandco.com/
$MGLD
https://themarygoldcompanies.com/
.
.
We can't express how thrilled we all are that you managed to get MGLD shares at the low yesterday and possibly again earlier today, DrD. With your recent MGLD purchases added to your existing holdings, what does that give you now for a share total.........around 2-3 thousand?
If you keep up this buying spree much longer, ELAL will start to get jealous. Our New Jersey friend doesn't like anyone to be within half a million shares of his own holdings! I also am going to have to sell a decent six figures of MGLD just to stay in his good graces.
Ready for $MGLD earnings? Got my bargain priced shares today, nearly at the bottom, just took a while. (Thank you for waiting, the Dr. will be with you soon.)
Just stop it already lol. Poor DrD means well and technically has been the only one finding anything to share, even at times when others are wondering how on Earth did he find that and then question upper management as to why wasn't it news worthy enough to share. The man means well and I talk to him frequently. Let's not be mean to him for trying!
Trust me, at times I text him and tell him to stop it, but he wants the best for us all and has skin in the game as one says, wink!
We've all made our beds and some were messy at times, I'll be the first to call myself out for that!
Agree to disagree, but let's all work together and be respectful to one another and then we all can just get along as one said it best decades ago, wink!
Hey, DrD, its just after 1 pm here in Manhattan and our MGLD stock is $1.4625 which is up $0.0225 or 1.6% so far today.
Can you give us some guidance as to what you feel about this being a newsworthy enough item for you to bring to the attention of our shareholders?
Diet Coke it is!
ELAL, I don't live or die by what adheres to the MGLD wall as far as what I say here. I let others have THEIR own reaction as to either honorably and honestly accept it for what it is, or run and hide in the woods. Either way, the salient points were made clear about how we view unnecessary MGLD board fodder and it evidently must have stung. Let's count ourselves among the brave who have thick skins and do not run or slink away from confrontation.
Diet coke and we have a deal!
It was reposted since I checked and it too was victim of you-know-what.
See you this week. Giving you a Mazel Tov this evening over a glass of Coke.
Shavua tov!
Not sure why you made sure to put that up a second time. I don't see it getting tossed. Just asking in case I'm missing something.
Take ANY prospectus with a grain of salt the size of a volleyball, Dr.D. I've read a library full of these over the years. They're not not putting these out for the purpose of doing charity work. They need your capital by first gaining your trust. That starts with a well-crafted sales pitch known as a prospectus.
And just what is a PROSPECTUS? The term is obviously derived from the words "prospect" or "prospective", words that in themselves have the same connotation and about as much assurance as an old miner "prospecting" for gold or a wildcatter "searching" for oil. A PROSPECTUS is where a company puts its best foot forward to the reader while verbally being extra-careful to avoid revealing any weaknesses or vulnerabilities in its business plan.
Then they protect themselves with this "safe harbor" disclaimer BS which is, on its face, worthless. Now, tell me, is MGLD's prospectus any great departure from what I've said above?
Fox, the AUM's (or more directly total NAV) of the funds are important because the average NAV totals of each USCF fund determines the management fees collected. Part of those fees go directly to the net income of the holding company (MGLD). More specifically the Gold fund is new so all those fees represent a new income stream, (same goes for the new Dividend Income Fund, and there are yet more funds pending release). The best example of course is USO still in the billion's of $'s of total NAV on its own, a few fractions of a % fee adds up quickly there. In addition each time a large group of shares (baskets) are created or redeemed there is yet another fee. So more fund shares, more total NAV, more fees. Seems at least as good as compound interest.
But don't take my word on all of this, here is a prospectus on USO from a few months back:
USO https://www.uscfinvestments.com/documents/united-states-oil-fund-pro-20220429.pdf
Hopefully that will change in time. Have you ever reached out to Nick or Dave about your concerns and did they just brush you off?
While I agree that the majority of Dr.D posts are useless ( no one cares if the gold etf aum jumped 5000 that day). He does on occasion come up with some useful info like the last article he posted. At least he is trying to get us some awareness unlike the company whose main goal it seems to me is to hide postive events . Only company in my 40 years of investing whose goals it seems is to keep investors in the dark. Sickening !!!!!
Right back at you! Wealthy and Healthy OUT, too!
Agree and have asked this certain person to stop posting, since nobody really cares about the day to day posts and even the company seems surprised by them. Shabbat Shalom, ELAL out!
Curious why you've changed the tone of your voice in less than a month... Just saying...
"The short sellers will pay a signicant price within the next few weeks. Major events unfolding."
You are right on point. But I presume the few of us on this board are all playing with house money after taking a considerable profit and buying back at a 3rd of the price. With that being said lets hope for another run and the success of the Marygold App if it rolls out in our lifetime.
Concerning MGLD's foray into the fintech realm, let's all at last get real, shall we?
There is in actuality very little new ground being broken by Gerber and Co. with MGLD's direction in this area. Perhaps a few enhancements to existing models? Yes, but nothing proprietary, which means that others can copy anything we do and perhaps do it even better.
I don't know if it is because of a lack of overall risk/reward experience in heavier financial matters as to just how many other companies there are that are doing exactly what MGLD is attempting to do that makes some go gaga over their efforts, but the point demands clarification right here and now.
Just where did you think Gerber and Co. got their ideas to go into this field in the first place? From companies that already existed with successful track records. They sensed what could be for them a cash cow without a significant outlay of money into an arena where the times are definitely leading us.
Yet, it is MGLD's cheapness that may make all the difference between success or failure. Keep in mind that the fintech world is being populated with heavy players who have the green to pay far more in customer acquisition costs than MGLD. Business school acumen teaches one this.
Nevertheless, I applaud their efforts because it may yet be possible for them to pull it off, but I stop there because some of you MGLD people, without knowing through real-world experience how things really work in competitive markets, seem to get a little carried away by the aura of potential success without thinking things through from a higher perspective. One cannot minimize this fact.
MGLD's subsidiary Marygold & Co, Facts-&-FAQs
"Marygold & Co. is an all-in-one banking and payment services app offering FREE FDIC-insured accounts with a Debit Mastercard"
https://marygoldandco.com/
Marygold & Co. FAQs
https://marygoldandco.com/faqs/
New US fintech Marygold & Co to provide ‘all-in-one’ payment service
https://www.fintechfutures.com/2021/10/new-us-fintech-marygold-co-to-provide-all-in-one-payment-service/
What Is A Neobank?
https://www.forbes.com/advisor/banking/what-is-a-neobank/
MGLD
https://themarygoldcompanies.com/
.
A "HENRY" program? Maybe some will fall for this. I'm sure we'll fill that lending need.
I hope this won't make MGLD's affiliate like so many of these legal lenders who charge exorbitant interest rates for short-term loans. However, my admiration is for those who know how to accumulate capital while specializing in non-borrowing of this kind.
Let's call them "HEDNY's" (High Earners, Don't Need You)
Oh HENREY
New Neobank For ‘HENRYs’ Supplies Its Own Fintech Capital.
"Marygold & Co. plans to bring an unusual mix of banking, payments and investment services to 'High Earner, Not Rich Yet' customers.".....
https://thefinancialbrand.com/news/fintech-banking/new-neobank-for-henrys-supplies-its-own-fintech-capital-152723/
Marygold & Co
https://marygoldandco.com/
MGLD
https://themarygoldcompanies.com/
.
Followers
|
20
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
3687
|
Created
|
04/20/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |