Agree. I can't comment on the current sp but no doubt the perceived value is a culmination of the FA and foward looking sentiment.
What I agree with is the fact our market is a bunch of pansies just like you say. For such a lucky resource rich country our market is timid and very reactionary. Just like our risk averse passive government, be it left or right.
The evidence? Take a look at world indicies. Take a look at ours. Deep timid pullbacks when others are charging. Watch when the SP500 finally has a pullback, our market will go into pansy panic. Asx needs to grow some.
SEA Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held