$2BE - TUBI LIMITED - New ASX listing I think is interesting

Another new listing that seems to be headed in the right direction for now. I had a bit of a read of what they do and like the sound of it... the old sell the shovels to the miners ploy. Might be worth a watch.

Currently 53 buyers for 1,429,882 units vs 8 sellers for 242,119 units and up 13% for the day as I write this. Be careful of a pull back but might be an interesting long term buy and hold. Always run stops of course if you do decide to have a play.

Tubi Limited is an Australia-based company that operates in the high-density polyethylene (HDPE) pipe manufacturing market. The Company operates its Mobile Plant to manufacture HDPE pipes for industrial projects, and the oil and gas services industries. The Company operates under one segment: being the manufacturing of HDPE pipe and the sale of technology licenses to manufacture HDPE pipe. The Company targets the oil and gas sector in the United States and Canada, water projects around the world and mine construction projects in the United States, Canada, Australia and South America. The Company’s technology enables it to produce HDPE pipe at lengths of between 300 metres and up to 3 kilometre (km) for 160-millimetre (mm) diameter pipe. The Company’s subsidiaries include Tubi New Zealand Limited and Tubi USA, Inc.