Buy @ $1.435
Decided to add back to my portfolio, but, at a higher than my last sold price. Further, just missed out on their recent US4ct (interim + Special) dividend. Current price weakness may be due to the uncertainty in the Middle East (due to Syria). Sarin is an Israeli co. although most of their facilities are overseas eg. India, to be near their major customers.
Since my last vesting, they have continued to grow their Revenue & Profit, with focus on new recurring streams. Using FY12 results, PE = 18.26 ; Yield = 3.606% (incl. Special Div) is not very attractive unless growth continues (am betting on that). Additional attraction is no Debts + Cash = 12.72ct/share (likely lower in next Quarterly results, after 4ct Interim Div payout). Key risk is the dependence on the economy as their customers' end product are Diamonds where demands will be typically lower during recessionary times. Price and supply of diamonds by DeBeers (major supply of diamonds controlled by them) can also affect their biz. 😀