XD = Exercise Dividend 

when u hold it during CD (Cum Dividend) ...the companies gives out cash to reward its shareholders..yep u r rite to say holders of Semb Mar will get their share of dividends

normally after XD...a share price will drop...usually la..not always though...tt's becoz after getting the dividend...ppl sell off that counter

Daniel,

Yes, TKF is doing a good job at SembCorp when compared to his 2 predecessors. PY of course bankrupted the company during his tenure requiring a bailout in the form of a merger with STIC. Then he had to step down and got his buddy WKS to assume the post of CEO....mind you PS is non exec chairman, so his role is different from PY (exec Chmn) and LCO of KC.

Given his intellect, I think WKS could have done much better.....but I think he was constrained in some of his decisions for the sake of his friend PY (did'nt want to make him look too bad). One of WKS's big blunder was to fight the Solitaire case. Original damages was about $250m....but because he fought on the case, SCI ended up paying >650m in damages plus several millions in legal fees....the settlement was achieved when TKF took over. Because of the increased settlement costs, SCI had to divest the very profitable SembLog to raise the cash.....losing one important leg of SCI.

Personnal opinion.