Last day for rights trading today. Applications for rights close Thursday.

Personally have taken up rights and applied for top-up shares, as I think this raising finally provides a firm base for SKL going forward. I also tend to think profit upgrades are more likely than downgrades this year.

The September company newsletter sounds a little brighter than the June one - although still cautious.

Currency fluctuations should be less of an issue for SKL than for most NZ-listed manufacturers, as they have attempted to diversify their geographic base to be overall currency neutral.

I currently have a 12 month price target of 70cps.