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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Goldmoney Inc. is a Canada-based custodians and traders of precious metals. The Company also owns and operates businesses in jewelry manufacturing and property investment. The Company’s operations and principal activities are conducted through its two wholly owned business segments: a Goldmoney.com and Goldmoney Properties Limited. Goldmoney.com is an online platform that provides clients with access to their Holding to purchase and sell physical precious metals and arrange for their custody and storage. Goldmoney Properties Limited is a United Kingdom-based entity established to acquire long-life property assets with secure long-term income streams. It owns eight properties totaling 431,025 square feet (GIA). Goldmoney Properties Limited also owns a portfolio of freehold properties known as 'Clarendon Quarter' in Oxford, Oxfordshire, United Kingdom. This portfolio of mixed-use buildings occupies an approximately two-acre site in the heart of Oxford City Center.


TSX:XAU - Post by User

Post by Briocheon Oct 02, 2023 5:09am
281 Views
Post# 35664479

Bye bye shiff..

Bye bye shiff..A little bit strange with the statement made last Q 

We are seeing some interesting opportunities with Schiff Gold, our precious metals coin dealer. One of the benefits of our new reporting structure is that shareholders can now see the variable costs of Schiff Gold separately from Goldmoney.com. We think there is an opportunity to grow Schiff Gold as well as reduce some of the operating costs, thereby increasing its profitability. We have been working on a relaunch of the Schiff Gold website as well as other opportunities to expand our reach beyond North America.

That said exit the low margin business. ( shiff 1% in net operating ) 
The lost of 233 mil /y in revenues will project the net income ratio  from 3,6 to 16 % !!
Nb of shares reduced to circa13.5 mil . The net tangibke cap / share shoukd stay above cad10.5 .
Just spec for the next Q . 
Huge discount right now .
This move could offend the bugs , but this is  very rationnal from  a balance sheet pt of view.


<< Previous
Bullboard Posts
Next >>