Will the Share price come back to 5.78, page-7

I'll write a real response in case some people actually want to learn.

So the price was around $6.50 before the announcement of the offer price (however we knew it was going to take place, and knew the current profit numbers).

1178405 new shares are to be issued. We will assume all will be taken up. (Most likely some people will forget / miss it so maybe only 95% or something, but this is just an assumption).

With 58920252 currently outstanding before the offer.

58920252 * 6.50 price = $382981638.0 market cap

If the new shares were offered at 6.50, the amount of net cash that the business had would increase by the same 6.50 per share and thus the business would be worth more market cap by 1178405 * 6.5 = 7659632.5.

You can add this to the total market cap to get the total predicted value 382981638.0 + 7659632.5 = 390641270.5

Then you can divide this by the new total number of shares, 390641270.5 / (60098657) = 6.5

Wow magic it equals $6.5 per share.

Now let's see what happens if we have the new shares are sold for $5.78.

1178405 * 5.78 = 6811180.9

382981638.0 + 6811180.9 = 389792818.9

389792818.9 / 60098657 = 6.485882353410992

As you can see the predicted impact on the share price is basically nothing (0.217%).

Literally less than the spread / random noise and change in the price intraday.