There is only one combination of facts that makes it advisable for a company to repurchase its shares: First, the company has available funds — cash plus sensible borrowing capacity — beyond the near-term needs of the business and, second, finds its stock selling in the market below its intrinsic value, conservatively calculated. — Warren Buffett, 2000 (read here)

As I read in details the history of Sarine Technologies Ltd. I found something interesting. 1) Firstly, with regards to the 24% drop in share price on 13 April 2015 due to Sarine’s disclosure on 12 April 2015 on its profit guidance that its revenue for the first quarter of 2015 “were impaired by around 50% as compared to the same quarter in 2014”, this seems to be a repeat on 23 Dec 2014 when Sarine announced in its Q3 2014 report that “the diamond industry, is likely to continue to be, during ......