I agree mega, the industry peer is fascinating. The SPP stated three objectives for the funds; two of which specifically mentions "further corporate transactions" and "further partnering or M&A."
Interestingly when asked at the Melbourne Roadshow about who were our direct competitors, MO didn't specifically answer. He spoke about the large companies chasing 100M plus projects and sidestepped actually naming anyone.
So if we were looking at an acquisition what characteristics would we want:
1. revenue producing!!
2. East Coast based
3. wind focussed?
4. maybe a wind/wave type company (that would be a stretch)
5. They would probably need to have some "niche" technology that we can exploit.
What do you think Mega? And do you have any ideas?
CCE Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
