Good share value is hard to find

From Damien Klassen at Wilson HTM comes the latest Valuation Dashboard report, which shows that the hunt for value in the Australian share market is getting more difficult:

Like us at MB, Klassen also doesn’t believe the market’s consensus view that the RBA will hike interest rates into the mining investment cliff:

And Klassen also does not believe that lower interest rates will materially spark housing construction – certainly not by enough to fill the mining investment hole – and that decisive government action will be required to achieve such an outcome:

Full report below.

Wilson HTM Valuation Dashboard (17 Sept 2013)