I like a company with a desire and ability to execute a business plan. I have fair value at ca $1 now (low, because I've applied a weighting from my market model), with the possibility of $1.30 in CY2012 if things remain on track and markets don't tank.
Please do your own research. Broker reports out there with $1+ targets, and plenty of projections in company reports released to ASX for closer scrutiny. I am only a hold, as SEA already represents the majority of my portfolio; the all eggs in the one basket luap77 investment rule. Did call a buy at 40c, which has proven to be correct.
Still concerned about markets, this time because my models aren't giving a read as to what will happen next. They did correctly call ca 3800 low at a time when market was steaming ahead, however out of phase by ca 6 months. Still showing the inflection I posted about a couple of months ago, so anything is possible. Politicians in charge now, and outcomes of what's happening in Europe ATM may have repercussions if large players decide to take markets in the direction for another quick profit (IMHO). Sure been a lot of that happening lately; a traders paradise IMO.
SEA Price at posting:
74.5¢ Sentiment: Hold Disclosure: Held
