Nefkens just sold $10m of shares! I hope people given WFR recently will have just as cracking thanksgiving as he will! Whilst I’m sure not illegal, the immorality of it makes me feel quite sick!
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The poodle haired sweetie thrower is a knobend.
Quite surprised the UK hasn't closed already, given it's low single digit Operating Income, when it needs to be in the 12.5-13% range. Germany wasn't far behind, though in the low OI, but rest of Europe, despite high labour costs, look to be doing OK. Not great, but OK.
With the continuing loss of contracts in recent months, I think even the poodle-haired, sweety-thrower will be gone by April.
DXC has to save $100 million by April 2018 and $1 billion by 2020. That's the only way to keep the shareprice going for another couple of yrs, even if more clients leave.
New clients are now beginning to realise that they can save money by going direct to Amazon Web Services and use their own teams to scale-up their stacks, apps, security and resilience in the cloud. Hee Hee!
- What will it look like?
By that time DXC aka D*cks a Phillipines outpost on permanent voicemail and an agile contingent in Vietnam, Bulgaria and Malaysia with the UK's e-hub global conference centre being a 1-bedroom apartment over Raavi's Kebab shop in King's Cross, where the window ledge can be used as extra seating during DXC's all-hands meetings.
Several US and UK sites are on track on being closed this year.. something like 53 or 59 by 2020. So watchout, if your site is being closed eventually then make sure you plan your time for something else.
Clearly being part of a single play has worked well for him.