Facty, the lack of advance information that an acquisition was...

Facty, the lack of advance information that an acquisition was in the offering suggests that the discipline at the top of PCE has improved enormously. A flow through of this new discipline to company operations must be a good thing.

As to what it is, who knows?

Andrews description of the new object is a "strategic addition" to PCE.

As Pinnacle is basically an energy arbitrage company (ie. it's business is to separate the time of electricity generation and electricity consumption) a "strategic" addition may have something to do with either generation or transmission.

Now transmission is a hugely capital intensive undertaking much more likely to be attempted by the likes of Macquarie millionaire makers Inc. rather than a small high tech co. such as PCE. (We can dream about superconducting super high voltage direct current interconnectors but this is conservative Australia under John Winston so it ain't goner happen).

That leaves generation. The most obvious candidate for extracting arbitrage value is partnering with a renewable wind generator. Solar is also possible but wind is less predictable on a minute to minute basis, is nearer to price competitiveness with coal and is more widely accepted.

Anyone know any unlisted wind generators seeking a listing ahead of a major expansion?