Sarine Technologies

[cif5000]

one of my best performing as well, net exposure is at 80cents
vested & nil sold to-date

Wah, so good ah.

++++++++++++++++++++++

Moderator may want to update thread to the new company name. Old name probably inflicted some fear.

[pianist]

Wah, so good ah.
++++++++++++++++++++++
Moderator may want to update thread to the new company name. Old name probably inflicted some fear.

ok la, just heng heng & huat ah

[Clement]

Anyone has any idea why their current year tax rate is rather low compared to prior years?

Just wondering what future tax rates do you all assume in your models.

[Nick]

Strong potential not to be missed

- Rising GalaxyTM penetration and scant competition see Sarine closer to entrenching its monopoly in inclusion mapping.
- New revenue drivers target the highest value-add segment of the diamond industry, ensuring the next leg of growth.
- Switch to DCF-based intrinsic valuation model yields higher TP of SGD3.09. Reiterate BUY.

http://research.maybank-ib.com/pdf/docum...4_4004.pdf [Full Report]

(Vested)

[greengiraffe]

Looks like its too hot to handle...

Strong potential not to be missed

- Rising GalaxyTM penetration and scant competition see Sarine closer to entrenching its monopoly in inclusion mapping.
- New revenue drivers target the highest value-add segment of the diamond industry, ensuring the next leg of growth.
- Switch to DCF-based intrinsic valuation model yields higher TP of SGD3.09. Reiterate BUY.

http://research.maybank-ib.com/pdf/docum...4_4004.pdf [Full Report]

(Vested)

[Clement]

Strong potential not to be missed

- Rising GalaxyTM penetration and scant competition see Sarine closer to entrenching its monopoly in inclusion mapping.
- New revenue drivers target the highest value-add segment of the diamond industry, ensuring the next leg of growth.
- Switch to DCF-based intrinsic valuation model yields higher TP of SGD3.09. Reiterate BUY.

http://research.maybank-ib.com/pdf/docum...4_4004.pdf [Full Report]

(Vested)

A bit skeptical of the 40%+ net profit margins forecasted. Even Microsoft, Oracle and Bloomberg LP are not generating such margins.

[specuvestor]

Sorry just curious... where did you get Bloomberg LP margins?

[Clement]

Sorry just curious... where did you get Bloomberg LP margins?

Just following estimates available from various sources. Most estimates of the operating margins are around 35%. Granted the margin estimates are just estimates by outsiders and are not solely terminal related and affected by the news organisation, Businessweek, Bloomberg law etc.

Even then, those are pretax margins and to expect a 40+% PAT margin might be a bit of a stretch considering even established cash cow software companies are not achieving such margins. Autonomy reported 42% operating margins in 1h11, before being taken over by HP, but we know what happened.

[Nick]

Sarine Introduces New Cutting Edge Technologies with Launch of Quazer™ 3

http://sarin.listedcompany.com/newsroom/...MDYZ.1.pdf

(Vested)

[Nick]

Sarine Reports Record Quarter in Q1 2014

Revenue and Net Profit Grew 21% and 13% to US$24.4 Million and US$9.1 Million Respectively

- Complementary nature of Sarine’s planning systems and inclusion mapping systems underpinned higher sales of traditional planning products and accelerated GalaxyTM family systems deliveries
- Deployment of 15 GalaxyTM family systems in Q1 2014 expanded total installed base to just under 160 and boosted recurring revenue
- Marketing efforts for Sarine LightTM expanding to additional Asian countries; full commercial launch of Sarine LoupeTM expected in Q3 2014
- Introduction of DiaMension AxiomTM platform in mid-2014 may lead to redefinition of Cut and symmetry for polished diamonds and create new business opportunity for the Group

http://sarin.listedcompany.com/newsroom/...1_2014.pdf [Announcement]

http://sarin.listedcompany.com/newsroom/...esults.pdf [Press Release]

http://sarin.listedcompany.com/newsroom/...y_2014.pdf [Analyst]

Sarine Light and Loupe will be game changing technologies in the polished diamond sector (and for Sarine's profits) if executed well.

(Vested)