Sarine Tech    Last:0.188    -0.004

Sarine Tech

Daniel Benjamin Glinert          , chairman board bought..................

Sarine Technologies                                        Daniel Benjamin Glinert                  buy                  100,000shares         $1.94      holding 12,249,156 shares                 3.50%

 

 

Alan Wang sold 1.5m shares and the rest bgt back less than 0.5m.....

 

Finally ..managent start buying back shares

 

saw this counter when it was doing around 1.8, 1.9

then the climb was slow and steady but its ever increasing..   took a look at this counter and wasnt sure what the hype was about during this commodities depression.

the fall is even more spectacular...didnt they say they may be gg to pay a final dividend?

 

Sarine Tech       Last:1.975     Vol:3715k     -0.575

kena short sell after profit guidance.

noone knows if it is bottom.

sad counter.

 

Pl also check out the profit guidance issued on SGX this morning.

sunview      ( Date: 13-Apr-2015 10:19) Posted: FYI, from Lim and Tan Sarine Technologies Ltd ($2.55, up 1 cent) had warned in their full year 2014 results outlook (published on 22 Feb&rsquo 15) that issues of rough vs. polished prices, inventory overhang and working capital liquidity had resulted in an overall negative sentiment in the midstream of the diamond industry duringsome 20 to 30%. As a result, management warned that business activity was significantly impacted during 1Q&rsquo 15. Sales for 1Q&rsquo 15 were impaired by around 50% yoy, translating to only US$12mln. Sequentially, it was down 33.3% and would be the lowest level since 3Q&rsquo 12&rsquo s US$11.7mln. 1Q&rsquo 15 sales is comparable to 1Q&rsquo 11&rsquo s US$12.3mln. The actual carats processed increased by some 6% yoy as a trend toward smaller diamonds production was evidenced, management saw an approximate 20% drop in recurring revenues. With anticipated expanded operating expenditures in 2015 primarily for research and development and sales and marketing, in accordance with our on-going strategic product development and launch plans, the confluence of these factors and conditions has negatively impacted 1Q&rsquo 15 bottom-line. Management warned that 1Q&rsquo 15 bottom-line could be at breakeven levels, although EBITDA and cash flow should continue to remain positive. 1Q&rsquo 15 breakeven level would be comparable to 3Q&rsquo 09 when the company recorded profits of only US$500,000 and the only time when the company did worse was at the height of the global financial crisis between 4Q&rsquo 08 to 2Q&rsquo 09 when quarterly losses averaged US$3mln. The issue of rough vs. polished prices has currently become the prime impediment to the industry, creating reluctance by both mid- and downstream buyers to replenish stocks now as they expect further price adjustments, coupled with the ongoing difficulties in securing extended working capital credit lines for 2nd and 3rd tier players. As was noted in the above-referenced announcement, rough diamond prices had increased overall for most of 2014 out of sync with polished diamond prices market trends. As noted, this drove DeBeers sight-holders to leave some 10% of the goods on the table at the last sight of 2014 and, though DeBeers reduced prices marginally in January&rsquo 15 sight, an even more significant 25%+ of that sight were deferred. The February&rsquo 15 sight resulted in a deferment of only 10% of the offered goods, as hopes hinged on positive buying trends at the Hong Kong International Diamond, Gem & Pearl Show, the Hong Kong International Jewellery Show and the Baselworld World Watch & Jewellery Fair, all in March. As these shows were disappointing the end-of-month March&rsquo 15 sight saw an almost unprecedented refusal in excess of 30%, showing distinct sight-holder realisation that at current rough (and polished) diamond price levels there is an inherent inability to create sustainable profitability. Purchases were limited to minimal quantities necessary. It should be noted that these developments come on the backdrop of stable global economic indicators, with generally increasing (though not skyrocketing) consumer demand in the U.S. and robust sales increases in mainland China as well, during the CNY period (though off set somewhat by decreased sales in Hong Kong). These positive sales have served to reduce some, though not all, of the polished diamond inventory overhang. bishan22      ( Date: 13-Apr-2015 09:42) Posted: Falling knife.................

 

FYI, from Lim and Tan

Sarine Technologies Ltd ($2.55, up 1 cent) had warned in their full year 2014 results outlook (published on 22 Feb&rsquo 15) that issues of rough vs. polished prices, inventory overhang and working capital liquidity had resulted in an overall negative sentiment in the midstream of the diamond industry duringsome 20 to 30%. As a result, management warned that business activity was significantly impacted during 1Q&rsquo 15. Sales for 1Q&rsquo 15 were impaired by around 50% yoy, translating to only US$12mln. Sequentially, it was down 33.3% and would be the lowest level since 3Q&rsquo 12&rsquo s US$11.7mln.

1Q&rsquo 15 sales is comparable to 1Q&rsquo 11&rsquo s US$12.3mln. The actual carats processed increased by some 6% yoy as a trend toward smaller diamonds production was evidenced, management saw an approximate 20% drop in recurring revenues. With anticipated expanded operating expenditures in 2015 primarily for research and development and sales and marketing, in accordance with our on-going strategic product development and launch plans, the confluence of these factors and conditions has negatively impacted 1Q&rsquo 15 bottom-line.

Management warned that 1Q&rsquo 15 bottom-line could be at breakeven levels, although EBITDA and cash flow should continue to remain positive. 1Q&rsquo 15 breakeven level would be comparable to 3Q&rsquo 09 when the company recorded profits of only US$500,000 and the only time when the company did worse was at the height of the global financial crisis between 4Q&rsquo 08 to 2Q&rsquo 09 when quarterly losses averaged US$3mln. The issue of rough vs. polished prices has currently become the prime impediment to the industry, creating reluctance by both mid- and downstream buyers to replenish stocks now as they expect further price adjustments, coupled with the ongoing difficulties in securing extended working capital credit lines for 2nd and 3rd tier players.

As was noted in the above-referenced announcement, rough diamond prices had increased overall for most of 2014 out of sync with polished diamond prices market trends. As noted, this drove DeBeers sight-holders to leave some 10% of the goods on the table at the last sight of 2014 and, though DeBeers reduced prices marginally in January&rsquo 15 sight, an even more significant 25%+ of that sight were deferred. The February&rsquo 15 sight resulted in a deferment of only 10% of the offered goods, as hopes hinged on positive buying trends at the Hong Kong International Diamond, Gem & Pearl Show, the Hong Kong International Jewellery Show and the Baselworld World Watch & Jewellery Fair, all in March.

As these shows were disappointing the end-of-month March&rsquo 15 sight saw an almost unprecedented refusal in excess of 30%, showing distinct sight-holder realisation that at current rough (and polished) diamond price levels there is an inherent inability to create sustainable profitability. Purchases were limited to minimal quantities necessary. It should be noted that these developments come on the backdrop of stable global economic indicators, with generally increasing (though not skyrocketing) consumer demand in the U.S. and robust sales increases in mainland China as well, during the CNY period (though off set somewhat by decreased sales in Hong Kong). These positive sales have served to reduce some, though not all, of the polished diamond inventory overhang.

bishan22      ( Date: 13-Apr-2015 09:42) Posted: Falling knife.................

 

Falling knife.................

 

wow, why sarine T    keep dropping.

 

any bad news ??

 

This diamond sparkle again. 

 

Although fundamentals are good, valuations  are still very expensive  at  $2.47  with PE at 27.1. Full article below.

http://www.investark.com/Analysis11sarine3q14.html

 

 

 

 

Share Buy-Back made by way of market acquisiton


Date of Purchase 23/12/2014 
Total Number of shares purchased 500,000 


Highest Price per share SGD 2.4 
Lowest Price per share SGD 2.1805 
Total Consideration (including stamp duties, clearing changes etc) paid or payable for the shares SGD 1,155,623

 

 

Stocks to watch: Sarine, Wee Hur, Perennial Real Estate Holdings

26 Dec    8:22 AM

 

wow, very jialat......................$3+ crash to $2+

....................................................................

 

Russia and Hong Kong are one of the largest diamond jewels buyers.

With the ruble and economy falling apart in Russia and Hong Kong recent protests, there were reports that luxury goods sales are signficantly dropping over there.

Plus India is Sarine' s main market and it seems economical reforms are lagging and access to credit still difficult...

 

 

 

 

 

Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.

As noted in the Company' s Appendix 7.2 for Q3 2014 (published on 9 November 2014), the diamond industry, in which the Company operates, has been, and is likely to continue to be, during Q4 2014 and early 2015, adversely affected by credit shortage, increase in polished diamond inventories and the divergence in the prices of rough stones and polished diamonds. Based on recent publications made by leading figures and analysts in the diamond industry and based on queries made to the Company following such publications, it appears that such trends have indeed continued.

 

 

I' ve made some good money with Sarine this year but sold my holding before Q3 ER.

I want to see first how Sarine Light/Loupe will impact top-line and cash flow to justify the current valuation.

 

 

jwong016      ( Date: 17-Dec-2014 09:36) Posted: PB 9x PE 26x even at this so called battered down price...?  no matter how asset light a business.. but valuations of PB 9x?  surely they are generating good recurring income in the future... but are we paying too high a price even at this price? bishan22      ( Date: 17-Dec-2014 09:17) Posted: Reached the magic number 2.5.

 

How come Sarine Tech dropped around 6% SGX queried them? But many other penny counters dropped 16% or eVen 26% also not queried?

Is it because there's BIG SHOTS shareholders inside so have to be on-the-ball?

 

PB 9x PE 26x even at this so called battered down price...? 

no matter how asset light a business.. but valuations of PB 9x? 

surely they are generating good recurring income in the future... but are we paying too high a price even at this price?

bishan22      ( Date: 17-Dec-2014 09:17) Posted: Reached the magic number 2.5.

 

Reached the magic number 2.5.