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Election effect
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Nostradamus
Supreme |
29-Mar-2006 00:13
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Hi scotty, I don't think it has lots of dealings with the Israeli government. Punters are buying because it's an Israeli company having elections in the country. It's just a theme. |
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scotty
Senior |
28-Mar-2006 14:32
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Hi Nostradamus, What about the Israeli elections that cause Sarin to rise today? Does the company have lots of dealings with the Israeli government? I pulled this out from SGX website - BACKGROUND The Company was incorporated on 8 November 1988 in Israel under the Israeli Companies Ordinance (New Version) 1983 of Israel as a private limited liability company. The Company formerly known as Borimer Ltd. On 21 September 1989, the Company changed its name to Sarin Research, Development and Manufacture (1988) Ltd and on 31 December 1994, the Company changed its name to Sarin Technologies Ltd. The Group is involved in the development, manufacture and sale of precision technology products that use three-dimensional geometric measurement (metrology) for the processing of diamonds and gems. Its systems also combine various hardware technologies, like electrooptics,electronics, precision mechanics and lasers. The heart of the systems is the computer software that combines three-dimensional modelling and advanced mathematical algorithms. The Group's products provide smart solutions for every stage and aspect of diamond design and manufacturing and hence, increase the profit margins at all stages of the trade between the purchase price of rough stones and the price of polished diamonds. The Group's customers include major industry participants and opinion leaders spanning the entire value chain of the global diamond industry. The Group is headquartered in Israel and conducts its business primarily out of the Diamond Exchange District in Ramat Gan, Israeli. It has operations in India through an Indian subsidiary, which provides pre-sale, post sale and technical support services to the Group's customers in India, Sri Lanka and other territories and trades in computer systems and accessories for sale to customers with machinery sourced from the Group. |
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Nostradamus
Supreme |
28-Mar-2006 13:20
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I think the main reason why Sarin rose so much these few days is because of this effect. The Israeli election is today. |
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