Sarin Technologies Quarter Report
This is the most unexpected good results that i have gotten. I would expect the diamond industry to be weaker due to weak US consumption but it is fortunate that Sarin did produce a good set of results.
- Revenue was 21% better than last year the same quarter
- Profit was 43% better than last year
- Cost on R&D have increased
- Weakening of USD compared to New Isreali Shekel increased manpower expenses.
- Africa sales improved by 500% while india sales grew as well.
- cash holding fell due to investments in IDEX and another subsidiary.
On the whole africa did present it with new opportunity instead of destroying opportunities. what is good is that india sales have not decline and they have a new opportunity.
I have listed Sarin as a dividend play, but that is more towards my own portfolio bias. It does pay a good dividend at current price. However, its industry is one where it could really be subjected to much cashflow and business fluctuations.
Thus i would advise folks who want to be invested in Sarin Technologies to look at it more as a growth stock with a good dividend payout rather and a pure dividend play. Lets just say that tech companies do go negative cashflow quite easily and that affects the dividend payout.
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