InvestIdeas

Sarin's Q2 net profit jumps 43%
By EMILYN YAP

Sarin Technologies on Tuesday reported net profit of US$3.1 million for the second quarter ended June 30, 2008, 43 per cent higher than a year ago.

This came on the back of a 22 per cent jump in revenue to US$11.3 million in Q208. Strong performance from the Indian and African markets drove revenue growth.

Sarin, which develops, produces and sells precision technology products for the processing of diamonds and gems, also reported earnings per share of 1.219 US cents for the quarter, 0.358 cents higher than in Q207.

The group has declared an interim dividend of 0.8 US cents per share.

Sarin Technologies
This stock could be a ‘gem’ in mid term, though transacted volume is low…this company deal with diamond technology, hope those interested can explore further, and huat small small then buy me tiger. This stock stay flat between 0.60 – 0.62 as at Jul/Aug’10

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.

Sarin Technologies
The group has declared an interim dividend of 1.25 US cents per share.
Payable on 8 Sep'10....annualised dividend aro 5.2% p.a.
today price at 65 cts.....any view

Sarin Technologies drop back to 60 cts....time to collect some.

Mid term target price should easily achieved a 20% return.

meanwhile, today collected 5.2% dividend, not so bad ( kopi money) better than bank interest rate.

This counter today moved up 4.5 cts to $0.645.

Slow and steady, good stock for mid term investment.
Anyone interested please do your own research.

Vested.

Now at 53 cents, a drop of 14% today.

Chinaman, what's your view? a chance to pick up Sarin?

Q3 2010 Update

Kfar Saba, Israel, 13th October 2010 – Singapore Exchange Mainboard-listed Sarin Technologies Ltd (“Sarin”) (U77:SI), a worldwide leader in the development, manufacturing and sale of precision technology products for the planning, processing, evaluation and measurement of diamonds and gems, would like to provide an update on its third quarter financial results.

Further to our quarterly results announcement for Q2 2010, released to the Singapore Exchange on 10 August 2010, wherein we noted that the record results of the Group during the first six months of 2010 may not repeat themselves in the second half of the year, we would like to inform the public that, indeed, our revenues and net profit for Q3 2010 were significantly less than in each of the two preceding quarters of this year.

The decrease in revenues was due to a number of factors reported upon in our aforementioned quarterly announcement of 10 August 1010, including:
ï‚· record capital expenditures on the part of our customers in the first half of the year;
ï‚· various market uncertainties in Q3 2010 relating to global economic conditions;
ï‚· the increased cost of rough diamonds which were not matched by a similar increase in prices of polished diamonds; and
ï‚· issues pertaining to the quantity and quality of Zimbabwean rough diamonds released into the market which caused uncertainty in the diamond trade consequently delaying capital expenditures.

Some of the uncertainties have been partially alleviated, and the recent trade shows have been overall positive, so that customer capital expenditures can be expected to rebound somewhat, notwithstanding the Diwali holiday in India in Q4.

We continue to focus on the growth of our service-based business models in our revenue mix, in order to mitigate such quarterly variances in the future, and remain confident this goal will be attained in the medium term. To this end, we are no longer selling the Galaxy systems on a one-off basis, without the follow-on per-use service fees.

Although this has negatively impacted our recent quarterly sales and profit figures, it will significantly contribute in the medium- and long-term to a more consistent recurring revenue stream. Indeed, our recurrent service-based revenue from deployed Galaxy systems continues to grow on a sequential quarterly basis.

Sarin will be announcing its quarterly financial results for the three and nine months ended September 30, 2010 during the second week of November 2010.

Not vested

RESEARCH ALERT-Kim Eng starts Sarin Technologies at buy, target S$0.91

SINGAPORE, June 1 (Reuters) - Kim Eng Securities has initiated coverage of Singapore-listed Sarin Technologies , which makes machinery for the processing of diamonds and gems, with a buy rating and target price of S$0.91.

STATEMENT: Sarin has an estimated two-thirds share of the market for precision technologies for diamond and gem processing, Kim Eng said in a report.

"Sarin has recovered by leaps and bounds from the global financial crisis with a 617 percent jump in earnings per share in 2010," Kim Eng said.

The brokerage added that a change in Sarin's business model has helped it to build more recurring income, and it expects the firm's earnings per share to grow at an average annual growth rate of 25.3 percent over 2011-2013.

At 0138 GMT, shares of Sarin were 4 percent higher at S$0.775, and have gained 43.5 percent since the start of the year.


Source: Reuters

Aspellian wrote:Now at 53 cents, a drop of 14% today.

Chinaman, what's your view? a chance to pick up Sarin?

At 0138 GMT, shares of Sarin were 4 percent higher at S$0.775, and have gained 43.5 percent since the start of the year.

bro Aspellian, did u manage to pick up some at 53 cts? Now 77.5 cts..wow 45% gain...good kopi money.

Kim Eng, target S$0.91....my TP 82 cts, hehe.

Volatile business. I don't see this as being good for now. Will continue to monitor.

(Not Vested)

Not vested

I dont understand their business.

However, the number of diamonds sold in China has been increasing by leaps and bounds.

I would think that it's also the case in Brazil and Russia and other emerging markets.

But how often do you buy a machinery for the processing of diamonds and gems ? Are there any repeat orders ?