Actually, I've got that slightly wrong - the "record date" is 8th April so, just as buyers will not appear on the Register until settlement (two days after buying) nor will the names of those having sold, today, be removed from the Register until after that date. So, in order to qualify for the Dividend, you would have needed to have bought the shares yesterday, before they went "ex-dividend". Those selling today receive the Dividend. Sorry for the mistake.
It's all in the wording. TRE has gone ex-dividend today which means shareholders before today get the dividend. If you buy today you won't get on the register (T+2 settlement for London stocks). Some holders were obviously waiting to pocket the divvi and then selling out.. Hence the drop. Re TRE's future they have on a number of times indicated they are committed to selling their carbon/CER portfolio and handing out the dosh to shareholders, minus costs. Carbon prices have bombed which means most of the stuff they have left is worthless or hard to liquidiate. i.e.without an unlikely change of direction or a seriously unforeseen improvement in carbon markets this is a busted flush in terms of growth prospects. But you can risk it as a yield play. Hope that helps.
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