Ann: Entitlement Issue Acceptances-BGS.AX, page-109

Sos I think there hasn't been much of sell down yet as SPP shares haven't been on market. I was thinking around .22 myself if this is broken could see sub .20
Plenty of day traders who may have held during the entitlement period who will take profit and under subscription off raising may see SI sell some down, triggering stop losses also.

Any sell off will be short PLS tranche 1 was a good example of this were it bounced back the same day and I'm sure there's plenty of people watching from the sidelines waiting to pick the bottom also.