Thanks for the post. I dont know what changed at IWG ( new CFO impact ?) but the strategy is better communicated, not overpromised and the change to US GAAP is progressing. In all, a great progress re:management. I agree that WORKA/online marketplace still an eyesore, hoping they will react before someone steal their lunch ( "the airbnb of offices" is a startup flytrap and someone could actually succeed).
Yes, the new CFO coming in looks to have substantially helped -- following the investor calls, I saw the focus become much more clear as the new CFO came in and eventually had a dedicated segment at the beginning of the calls where he systematically goes over the financials. Before (i.e. 2019-2022 ish vintage), it felt as though the CEO had to do most of the explaining for the business and the financials (which he can do but certainly wasn't and still isn't the best at communicating) while the old CFO chimed in here and there.
Agreed, there is good visibility now for a real inflection -- hoping they capitalize well on it and don't have too much worry about a competitor in the near/medium term given how far ahead IWG is in footprint right now.
Thanks for the post. I dont know what changed at IWG ( new CFO impact ?) but the strategy is better communicated, not overpromised and the change to US GAAP is progressing. In all, a great progress re:management. I agree that WORKA/online marketplace still an eyesore, hoping they will react before someone steal their lunch ( "the airbnb of offices" is a startup flytrap and someone could actually succeed).
Yes, the new CFO coming in looks to have substantially helped -- following the investor calls, I saw the focus become much more clear as the new CFO came in and eventually had a dedicated segment at the beginning of the calls where he systematically goes over the financials. Before (i.e. 2019-2022 ish vintage), it felt as though the CEO had to do most of the explaining for the business and the financials (which he can do but certainly wasn't and still isn't the best at communicating) while the old CFO chimed in here and there.
Agreed, there is good visibility now for a real inflection -- hoping they capitalize well on it and don't have too much worry about a competitor in the near/medium term given how far ahead IWG is in footprint right now.
Thanks for reading and the comment!