Yes nice to see it going well. Turns out Qube got $60M cash flow...

Yes nice to see it going well.

Turns out Qube got $60M cash flow from their 50% stake in Patrick and so the special dividends may continue:
"...Board has determined to declare a special dividend of 2.0 cents per share, fully franked. The special dividend reflects the high cashflow being generated by Patrick and distributed to Qube in the period which is above the corresponding earnings contribution to Qube in the period. Patrick is expected to continue to make regular cash distributions to its shareholders in FY19 and beyond supported by earnings growth and lower capital expenditure requirements than previously expected in relation to the acquisition case synergies. The special dividend is also supported by Qube’s sound financial position, strong balance sheet and increasing value of its strategic assets which are not yet fully reflected in underlying earnings."

We control around 45 per cent of the national container ports market.


Also.
US online retailer Amazon this year occupied a warehouse in Moorebank near the freight hub, but is not a tenant of Qube.
Qube couldn't build a warehouse fast enough for Amazon, but the retailer's choice of location "validated" the Moorebank project, said Qube chief financial officer Paul Lewis. Qube plans to pitch its warehouses to suppliers of Amazon.
(from AFR today)
Sadly reports also "Qube's shares closed up 22¢, or 8.6 per cent, at $2.76. The stock is flat over the past 12 months compared with a 8.8 per cent rise in the S&P/ASX 200."