Latest Forum Topics / Sarine Tech Last:0.23 -0.005 | Post Reply |
Sarin
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triphopper
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09-Oct-2013 21:46
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Israel, 9 October 2013 ? Singapore Exchange Mainboard-listed Sarin Technologies Ltd (?Sarin?) (U77:SI), a worldwide leader in the development, manufacturing, marketing and sale of precision technology products and services for the evaluation, planning, processing, measurement and grading of rough and polished diamonds and gems is pleased to announce that Dharmanandan Diamonds Pvt. Ltd (" Dharmanandan Diamonds" ), in order to meet their growing needs for internal scanning technology, has, in the just-ended quarter, acquired additional Galaxy/Solaris systems, thus becoming our first customer to-date to have ten GalaxyTM and SolarisTM systems (of various models) in house. | ||
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triphopper
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07-Oct-2013 19:49
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Sarin Technologies: HK NDR Feedback Buy TP $1.89 SARIN SP | Mkt Cap USD411.7m | ADTV USD0.3m We hosted Sarin for a NDR in Hong Kong. Discussions were centred on addressable market size, competition, phase of adoption and IP protection. Maintain Buy, TP SGD1.89. We remind that that key investment case for Sarin is its ability to bring about a radical change in the practices of the diamond industry. We believe that it is still at an early growth stage. Recent volatility of Indian Rupee and credit tightness in India would depress 3Q13 results as Indian manufacturers may hold back on capital spending. However, this should not be a dampener on the long term potential. Share price pullback on weak 3Q13 would be a buying opportunity. | ||
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guoyanyunyan
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18-Mar-2013 09:00
Yells: "uncertainty always exist" |
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mildjx
Member |
15-Jan-2013 01:07
Yells: " Visit my blog at sginvested(dot)blogspot(dot)sg" |
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Why buy?  1. Sarin's Revenue been increasing, especially in the last 2 years. 2. Sarin's Operating Income has also been increasing significantly over the years. 3. Cash has been consistently increasing over the years. Cash per share is about $0.10 - 0.15 4. Divident is relatively high and consistent. Divident of about 3% annually. Promised 38% payout of earnings by management (as seen by 2009 Annual Report below). Actual payout ratio is actually 50%. 5. Zero long term debt (which is especially impressive for a technology company with needs for large R& D spendings). 6. Operating cashflow positive and increasing over the years.   Visit sginvested[dot]blogspot[dot]sg for full review!  |
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Immotion
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24-Feb-2011 18:32
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2010FY result is good, quarter on quarter is increasing. 4th quarter result is not affected by Diwali. Moving forward their revenue from new business model of service centre have great potential  and they are expanding geograpically. Good to see they are expanding geographically. I will stay vested for the value to be recognised, it is a growth counter. |
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Immotion
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14-Feb-2011 14:00
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It is funny that it miss investor or BB radar, maybe the voltailites of  revenue/margin. Their business is fantasic! I like the margin %  , very high.  I also like their R& D and acquistion effort to develop product  and expand business opportunity. I am not an expert  for diamond industry,  just wonder  why their market is in India, isn't Belgium  a  bigger diamond industry?  There is a fund that is the major shareholder but now they no longer.   |
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ivanignatius
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10-Feb-2011 10:34
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You are right, the stock looks cheap.     There are three reasons no-one is looking at it: 1.   Their earnings are incredibly volatile and highly reliant on the diamond cutting industry over which they have no control.   In 2008-9, they made a whopping loss as the inventory channel was full enough that no-one cut any diamonds for a while.   In late 2007, there were floods in the Indian town where they derive 90% of their sales, so business stopped again.   Even in Q3 2010, earnings were sharply down on Q1 and Q2 (although the reasons are clearly stated).    2.   No-one in Singapore understands either the diamond industry nor Israel nor their high tech products.   They were darn stupid not to list on NASDAQ.   3.   The brokers were in love with them in 2005-06, but stopped covering them after the problems in 2007-09.   But the fundamentals look good, and the fundamentals always win out in the long term.   1.   The stock made 3.67c of eps in 9 months to Sept 2010.   Their Q4 is often weaker due to Diwali, so assume 4.5c of earnings.   In SGD, that is 5.71c, or a PE of 10x.   Not bad for a high tech company that dominates its industry niche. 2. High R& D.   They spent $1.3mn R& D on a base of sales of $8.4mn in Q3.   Find me another Singapore company that spends anything on R& D at all? 3.   Generally positive statement for next year should lead to better earnings going forward.  4.   Great disclosure.   Their statements are among the most thoughtful and honest of any on the market.   5.   Strong balance sheet. 6.   Tough, smart management.      |
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Immotion
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09-Feb-2011 23:00
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This stock have good fundamental (good margin, profitable), paying good divdend. Lately company embark on share buy back, certainly the stock is  undervalue. Why  is it not getting  invetsor interest? Where is the concern? Any one  have a good insight?    | ||
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Immotion
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27-Jan-2011 18:59
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Anyone care to share on this stock? |
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