My Rights Application Result for CACHE

Just a quick recap, CACHE issued a 18 for 100 rights issue recently at $0.632 per share. I was entitled to 2880 shares and I applied for 7120 excess shares. The result is out today!

In total, I received 4700 shares. I managed to get 1820 excess shares. This brings down my average share price from $1.124 down to $1.012. I am still sitting at a loss but my losses have been reduced. Hopefully, the Management would buck up and this counter can turn green for me next year.

CACHE is now my second largest holding after Frasers Commercial Trust.

On a sidenote, I will be losing Croesus Retail Trust as my dividend counter this month. The quest for dividend continues...

Screenshot from Stocks.Cafe