Agree that if you are looking at present, based on the reports...

Agree that if you are looking at present, based on the reports that are available, ISX does seem overpriced even at this levels but noone values a stock based on it's present valuation.

https://hotcopper.com.au/threads/forecast-for-q3.4961693/

If you had a look at the breakdown that i've done on the above link, you can see where the revenue and earnings are headed based on the information available to us via GPTV and MSF updates.

The idea is to be ahead of the market to make profits, reading between the lines rather than waiting for the market to react then only put your money into it.

PS: I am not desperately trying to recover my paper loss, only trying to make the most of my CGT gains.