State of the Market

[avonleigh]

Bit of a surprise today. Kainos who are a consultancy who do a lot of government work, share price jumped 20% today on earnings update. Maybe not a sign the IT market is going to improve but I must say I am surprised by this with the current situation.

[oliverson]

Bit of a surprise today. Kainos who are a consultancy who do a lot of government work, share price jumped 20% today on earnings update. Maybe not a sign the IT market is going to improve but I must say I am surprised by this with the current situation.

I'm not surprised at all.

Here we have a communist government spending everybody else's money on big state at the expense of, actually PUNISHING, the private sector.

Anybody servicing that sector is bound to be quids in.

[sadkingbilly]

I'm not surprised at all.

Here we have a communist government spending everybody else's money on big state at the expense of, actually PUNISHING, the private sector.

Anybody servicing that sector is bound to be quids in.

I doubt they're spending Your money.

[ensignia]

I'm not surprised at all.

Here we have a communist government spending everybody else's money on big state at the expense of, actually PUNISHING, the private sector.

Anybody servicing that sector is bound to be quids in.

Communist government.

Imagine typing those words out; you're probably in your 50s. Grow up, basically.

[oliverson]

Communist government.

Imagine typing those words out; you're probably in your 50s. Grow up, basically.

Sorry, I meant Marxist.

[Bluenose]

Bit of a surprise today. Kainos who are a consultancy who do a lot of government work, share price jumped 20% today on earnings update. Maybe not a sign the IT market is going to improve but I must say I am surprised by this with the current situation.

I keep an eye on the basket (case) of larger agencies that are publically listed, we are still in 2008/2009 territory but it looks like they have at least reached a floor.

The question is now, whether they go through that 2008/2009 floor or start to bid.

[dsc]

The question is now, whether they go through that 2008/2009 floor or start to bid.

The question is, why would they suddenly change direction? has anything happened that makes it easier to raise capital and want you to spend money (genuine question)? interest rates are still high, debt is expensive, the golden days of blitzscaling are done, for now at least, so I'm not sure where the money is supposed to be coming from. AI seems to be the only sector where billions are being pump but I'm not sure this is giving as much atm (and even if it did, it would hurt the ordinary worker anyway, so rather a negative from our perspective).

[Bluenose]

Great time to be a datacentre build and electrical engineer.

Not a good time to be a junior coder.

[oliverson]

It's been quite a lively week this week. I had 3 separate phone calls from agents yesterday, though didn't lead to anything (perm, inside IR35 and junior going through her script).

However, I also had an interview earlier today. Wow, remember those?!?! Now for the painstaking wait!

[willendure]

I doubt they're spending Your money.

No, they are not spending our money, they are spending their credit and leaving us with the future debt!