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2BE - Tubi Limited

Discussion in 'Stocks 0-H' started by System, May 23, 2019.

  1. System

    System Administrator

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    Tubi Limited is a growing mobile manufacturer of High Density Poly Ethylene (HDPe) pipes for use in the oil and gas, irrigation, water, mining and infrastructure sectors.

    Tubi currently operates one plant under contract in Texas, in the United States, and has four new plants under construction. Of these four new plants, one is being constructed under contract for a customer in Texas, one for sale to a customer in New Zealand in accordance with a technology licensing agreement and the remaining two plants are intended for use in the United States. Since 2017, Tubi has produced more than 14,000 tonnes of HDPE pipe in New Zealand and the United States.

    All of Tubi's technology is developed in-house by its engineering development team led by the Company's founder, Marcello Russo.

    It is anticipated that 2BE will list on the ASX during June 2019.

    https://tubigroup.com
     
  2. verce

    verce

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    From the Prospectus, and something to keep in mind:

    Competition Risk – Tubi competes against other HDPE pipe manufacturers, some of which may have significantly more resources to develop new products or may improve existing products to compete directly with Tubi.

    It seems this business is based entirely on the economics of their "mobile plant". It can be redeployed as needed.

    Anyone got any opinions on the founder selling down their shareholding at this early stage of the business?
     
  3. verce

    verce

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    Looks like my instincts were correct. 46% drop today!
     

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