An offer of this size wouldn't logically cause the share price to fall to $4.60. The decline it would cause can be calculated and I'll post a sample calculation if I can make the time to do it.
Would also expect the small decline resulting from the offer to already be priced into the share price.
Of course a significant event unrelated to the share offer could cause the share price to move to $4.60, less than $4.60 or more than $4.60.
Ann: Retail Entitlement Offer Opens, page-9
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Last
$4.28 |
Change
-0.020(0.47%) |
Mkt cap ! $1.304B | |||
| Open | High | Low | Value | Volume |
| $4.34 | $4.34 | $4.20 | $4.188M | 980.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 14353 | $4.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.28 | 4041 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BGA (ASX) Chart |