I first started watching KBT in March 2007 at 125p, price now is 147p after a peak of 195p. It's come down with rest of the sector, KBT has been very busy with earning enhancing acquisitions, and healthy contract wins. I wasn't planing on buying growth shares at this time, but I dipped in this morning and brought a modest amount with a view of topping up if markets worsen. See some fundies below.

Finals to report 12 March 2008.

Trading update. 21 January 2008 = Operating profit before amortisation expected to be upper end of market expectations. Reflecting increased importance of online sales for retailers. Look forward to 2008 with confidence.

2007 EPS forecast 15.3p , PER 9.8 , PEG 0.15
2008 EPS forecast 22.0p , PER 6.7 , PEG 0.18

Debt is expected to rise to 13 or 14m due to acquisitions, but with strong cash flow and no more acquisition they would be debt free within 3 to 4 years. Market cap is 29m.

Interims today still downbeat.

Adjusted PBIT = 1.54m,
Adjusted EPS = 3.1p
Still looking for Net Debt reduction too 9.0m to year end.

Expect price weakness and broker revisions downwards for full year, will look again at full year results.