Table: Summary of Regression Analysis where Stock Price movement of Bangas as dependent and other factors as independent variable Declaration Record Date Market Market General Date Capitalization Turnover Election 2009 Not Not Significant Significant Significant Significant Significant 2008 Significant Not Significant Significant ---- Significant 2007 Significant Not Significant Significant ---- Significant Note: for detailed workings, please see the annexure. From the above table we can see that the stock price movement of Bangas and its Dividend and EPS Declaration Date is significantly related for the year 2007 and 2008. But in 2009 the relation was not significant. Next we see that the Stock price movement and the Record Date for the company have no significance at all for all the three years. Next we have taken another independent variable “market capitalization” and here we see that the Market Capitalization and the stock price movement have significance for all the three years. That is, whenever the market capitalization increased, stock price of Bangas also increased and vice versa. The result is same with the “market turnover” as well. The movement of market turnover is related to the movement of the stock price of Bangas. So far we have found that the share price movement of Bangas was not related to the corporate decisions like Declaration Date and Record Date we may conclude that the unusual stock price movement is not due to the company specific news, rather it may be
Table: Summary of Regression Analysis where Stock Price movement of Bangas as dependent and other factors as independent variable Declaration Date Record Date Market Capitalization Market Turnover General Election 2009 Not Significant Not Significant Significant Significant Significant 2008 Significant Not Significant Significant Significant ---- 2007 Significant Not Significant Significant Significant ---- Note: for detailed workings, please see the annexure. From the above table we can see that the stock price movement of Bangas and its Dividend and EPS Declaration Date is significantly related for the year 2007 and 2008. But in 2009 the relation was not significant. Next we see that the Stock price movement and the Record Date for the company have no significance at all for all the three years. Next we have taken another independent variable “market capitalization” and here we see that the Market Capitalization and the stock price movement have significance for all the three years. That is, whenever the market capitalization increased, stock price of Bangas also increased and vice versa. The result is same with the “market turnover” as well. The movement of market turnover is related to the movement of the stock price of Bangas. So far we have found that the share price movement of Bangas was not related to the corporate decisions like Declaration Date and Record Date we may conclude that the unusual stock price movement is not due to the company specific news, rather it may be
fin_639_project-__bangas_ltd..docx