With Duquesne done and dusted the objective must be to acquire the orphaned AET&D assets of Prime Infrastructure (PIH). These include holdings in Dampier to Bunbery pipeline, Western Gas Networks, Multinet and the Tasmanian Gas Pipeline.
By taking this step Duet can become a real operating business rather than just a shapeless aggregation of various utility investments. There will be enormous savings possible and the stock will be re-rated as instos see it as a viable business rather than a "fund".
I appreciate that the debt situation needs to be resolved but Duet management would be crazy to let this slip away.
DUE Price at posting:
$1.73 Sentiment: None Disclosure: Not Held
