Simply WOW. Such an exhaustive work. Great going Abhay. Keep it up. Just didn't find any details about the EFC company which is listed. Can you PLEASE share your insights on EFC(I) in short?
Firstly thank you for the positive feedback. And regarding EFC, I approach it with some caution. While EFC has established a strong presence in the flexible workspace and managed office space sector, there are certain structural aspects that could impact its performance in the longer term. Also, I’m cautious about providing detailed insights, but one key takeaway is that the flex workspace sector operates somewhat like a bank. It’s fragile, heavily dependent on strong leadership, and often promoter driven. For EFC, there are visible concerns around their private placements, QIPs, RPTs and subsidiary structures, which suggest complexities in their financial strategy.
The promoter’s view of this as a "furniture rental business" raises questions about alignment with the true potential of co-working. Given the importance of management’s commitment in such a business model, it’s hard to fully connect with their mindset here for me atleast (if anything changes in future i might).
Simply WOW. Such an exhaustive work. Great going Abhay. Keep it up. Just didn't find any details about the EFC company which is listed. Can you PLEASE share your insights on EFC(I) in short?
Thanks in advance.
Firstly thank you for the positive feedback. And regarding EFC, I approach it with some caution. While EFC has established a strong presence in the flexible workspace and managed office space sector, there are certain structural aspects that could impact its performance in the longer term. Also, I’m cautious about providing detailed insights, but one key takeaway is that the flex workspace sector operates somewhat like a bank. It’s fragile, heavily dependent on strong leadership, and often promoter driven. For EFC, there are visible concerns around their private placements, QIPs, RPTs and subsidiary structures, which suggest complexities in their financial strategy.
The promoter’s view of this as a "furniture rental business" raises questions about alignment with the true potential of co-working. Given the importance of management’s commitment in such a business model, it’s hard to fully connect with their mindset here for me atleast (if anything changes in future i might).
Thanks a ton for the in depth reply.
Excellent work. The best work I have read on flex spaces.
Coming from you, means alot.