This is episode #3!
Mr. Daniel Gilnert is the Chairman of Sarine Technologies Ltd (SGX:U77).
Exchange: Singapore Exchange
Stock Price: SGD 0.94 (5th June 2018)
Market Capitalisation: SGD 334.5 million
P/E Ratio: 36.8 x
Dividend Yield: 4.4%
Mr. Daniel Gilnert is the Chairman of Sarine Technologies (SGX:U77).
Sarine Technologies is a key diamond manufacturing process solution provider for the diamond manufacturers across the world. Sarine Technologies has the visual technology to massively improve the efficiency of diamond manufacturing.
The story of Sarine Technologies is very interesting. The company was only a small part of another company which Mr. Gilnert has acquired with his partner. In the beginning, they were very focused on growing their other businesses and did not take a particular interest in Sarine Technologies. However, as time goes by, Mr. Gilnert realised what a diamond mind he was sitting on with Sarine Technologies.
We chatted with him about that story, on how he tried to pushed Sarine Technologies into the medical space but failed and how Sarine Technologies became what it is today. We also discussed what does the future hold for Sarine Technologies and how they might be disrupting the entire diamond retail market in the future. Enjoy!