Holy Roman Empire

Today is the last Friday of May, at the door of the Vienna Stock Exchange, and it is now full of people.

The "Austrian Securities Management Law" clearly stipulates that listed companies must publish financial statements once every three months, the time is the following month.

Because companies have different listing times, and the cycle for publishing statements is different, many companies publish financial statements at the end of each month.

Choose Friday, which is the market closed on Saturday and Sunday, which can leave a reaction time for the market, so as to avoid the impulse of the stockholders and the sell-off of the brain.

If it ’s good news, do n’t wait until the end of the month to announce it at any time.

The financial statements of enterprises and financial newspapers will also be published, but only a few hours later than the time announced by the exchange, there are not so many people in ordinary times.

This is clearly the exception now. Strikes have been striking all over Europe in the past few months, and the performance of the companies that have struck has naturally been better, and everyone is prepared.

Maldonado is also a member of the investors. In normal times, he does not look at the announcement of the securities. Anyway, even if it is read on Friday, it is too late.

Today is an exception. The Dakol Textile Mill, which holds the most shares, is required to publish its financial statements.Deep down, Maldonado is already expecting a little less at the Dacquelle textile mill.

No way, he has been locked up.Since the outbreak of the strike, the stock price of the Dakota Textile Mill has been declining all the way, and it still sells more and buys less.

The stock price did not fall to the end. That is because Dakal Textiles has a big business, a supporting industrial chain, and strong anti-risk capabilities. Investors still have confidence.

Looking at the crowd, Maldonado decisively entered the cafe opposite and waited.As soon as I entered the third floor, I heard someone saying hello.

"Maldonado, here!"

Maldonado walked over in response: "You are all here. It seems that today's results are not optimistic."

Several people are old friends who have known stocks. They have been in this industry for many years. Only when they are not optimistic about the market will everyone gather here to wait for companies to publish financial statements.

A balding middle-aged man complained: "Damn, can't you say something nice? Even if it's fooling, it's better than such a direct one."

Maldonado shrugged: "Forget it, Karen. It's not easy to fool you. If you are optimistic about today's stock market, you won't be here today."

Obviously, the two are already very familiar and speak very casually.

As retail investors in the stock market, they only seem to be beautiful on the surface, but in fact, they are worried every day, and they dare not relax even a little bit of trouble.

Looking at the hairline of a few people, you know that there is usually no worry.

An old man next to him pointed to the exchange opposite: "It seems to be announced."

As veteran investors, they have their own methods of discrimination.For example, now that other people are still squeezing below, they will know the reaction of the crowd here.

Karen put down his coffee and said helplessly: "Sure enough, the news is bad, Maldonado has to say that your mouth is really stinky!"

Maldonado looked bitter: "I don't want to, now I'm going to check below, how bad is the bad news, is anyone with you?"

Several people glanced at each other, and the old man said, "Wait a little longer. Now that the stock market has closed, and there are so many people underneath, it's not a bad idea."

Time passed in a hurry, and the coffee on the table was already cold.Seeing that the crowd below had almost dispersed, several people went downstairs.

At this time, they found that it was not only these retail investors but also some "big men" in the circle.Obviously, there are not many people who are concerned about corporate earnings.

With anxious feelings, Maldonado checked the report of the Dacron textile mill and looked at the "loss of 1.248 million" specially marked above. He closed his eyes and could not see it anymore.

The reason is no longer important. The loss of this astronomical figure has far exceeded his expectations. There is only one thought left in his mind: "cutting the meat to stop the loss".

You know, last year's profit of the Dakal Textile Mill was less than 1.5 million Aegis.Now this loss can be announced that this year's Dakal Textile Mill will not be able to smooth out the loss.

Maldonado had heard someone swearing and denounced the management of the Dacron textile mill as a brain-dead, not even flexible.

...

If there are options, Old Lanno is also reluctant to publish financial statements at this time.But there is no way to fail to publish the financial report on time. Not only will be fined, but also will be investigated by the regulatory authorities.

Few companies can withstand investigations, and Dakal Textile Mills is no exception. Anything found can cause a fatal blow to the company.

Now the outside world is staring at them too much, and even a small problem may be magnified, and even Old Lanno dare not falsify the financial statements.

For more than a month of continuous strikes, if the enterprise did not suffer losses, it would be unreasonable.

The number of shipments, the total amount of transactions, the amount of taxes paid, these data can be checked, it is not easy to falsify.

Theoretically, the goods of Aegis can also be sold for 10,000 Aegis, which are allowed by law, but enterprises are required to pay taxes according to the transaction amount.

Far more than the market price, the commodity becomes a luxury item, and the luxury tax is the only thing that needs to be paid.This tax rate is much higher than ordinary tax.

In theory, as long as companies are willing to spend money on performance, turning losses into profits is very simple.In practice, such a fool simply does not exist.The cost of counterfeiting is too high, far exceeding the tolerance limit of capitalists.

Affected by the bad news of the severe losses of the Dakota Textile Mill, on Monday, the Vienna Stock Exchange opened for a wave of selling.

The exchange saw a sell order, no one took the order at all, and the stock price naturally plunged.As of the close of the afternoon, the share price of Dacron Textile Mill fell by 14.7%.

It seems that this decline is acceptable. In fact, this has been the nth share price decline since the outbreak of the Dakal Textile Mill strike.

The stock price itself has reached the bottom, and after falling again, the market value of the Dacron textile mill was only 63% of its peak period.

The share price fell not only for the Dacron Textile Mill, but the share prices of all companies were affected, especially those with strikes, which suffered the largest decline.

Investors believe that the companies that have gone on strike, like Dakota Textile Mills, will suffer severe losses.

In the market economy, the whole body has already been triggered.Once an enterprise's production is affected, upstream raw material supply, downstream sales channels, no one wants to be alone.

Falling stock prices are also contagious, and many well-performing companies have also suffered indiscriminately.As of the close of the day, the overall stock of the Vienna Stock Exchange fell by 4.2%, and there was a wail on the market.

Affected by unfavorable factors in the market, the stock market in Vienna continued to collapse in the next few days. Many corporate stocks fell directly to the price of cabbage, and the stock market disaster officially fell.

As of Friday's close, the Vienna Stock Exchange fell by 11.8%. In just five days, the Austrian stock market evaporated hundreds of millions of Aegis.

The stock market crash is coming!

Under the influence of newspapers, news of the stock market crash in Vienna quickly spread throughout the European continent, and savvy investors immediately dumped their stocks.

With the development of the economy, the economic ties between European countries are getting closer and closer. The Austrian stock market crash has caused European countries to be alone.

A weird scene appeared, whether in London or Paris, the stock market continued to sell, but few buyers.As experts and scholars preached, the stock market went lower.

"Saving the market" has become another hot topic after the "strike". However, before the "save the market", the strike must be resolved.

If an enterprise cannot resume production, how can it guarantee the stock price?The capitalists are in a hurry. Only a few are qualified to shear wool in the stock market, most of them are sheep sheared.

In order to resume production as quickly as possible, the capitalists also showed their magical powers.

Some capitalists choose to negotiate and compromise with the workers; some capitalists choose to buy, split up and disintegrate; some capitalists directly let the thugs catch their families and force the workers to work; some even directly sacrifice Gatlin, sweeping the strike crowd, relying on blood The massacre forced the workers to resume work ...

Variety of god operations are continuously performed on the European continent, bringing laughter to the people, but also full of blood.

Where there is oppression, there is resistance.The bloody slaughter brought not only the resumption of work, but also the continuous uprising of workers.

Chaos, complete chaos, the entire continent has become a pot of porridge.All kinds of messy thoughts spread quickly when the opportunity arises, and for a time the gods and demons dance wildly.

Vienna Palace, seeing the chaotic situation, Franz also had a headache.The Vienna government intervened early, and there was no large-scale worker uprising in Austria, but the stock market crash was enough.

Affected by the stock market crash, many companies have fallen into the predicament of insufficient funds.If it is not resolved, it is likely to trigger a new round of economic crisis.

If it is just a matter of insufficient funds, you can seek a bank loan.There are still a lot of problems with these underfunded enterprises.

For example: chaotic management, unresolved strikes, conservative business ideas, old machinery and equipment ...

The messy problems came together, and the bank came to a conclusion: high-risk business.

When market conditions are good, banks naturally do not mind high-risk businesses.High risks are often accompanied by high returns. As long as the benefits are large enough, banks are not short of risk-taking.

The situation is different now. The stock market crash broke out, and many businesses of banks have been implicated. Most banks are shrinking their money.

Not to mention high-risk business, even low-risk business loans, it is difficult to do it.Without a collateral loan, the bank simply does not accept it.

Franz can't do anything. He can't know that there is a problem. Let the bank lend it?

If you play like that, you are not solving the crisis, but prolonging the outbreak of the crisis.

It is indeed good for economic development in the short term, but in the long run, it is dragging the national economy to hell.

Count on the rebirth of these companies?Franz feels that it is better to push it to reconstruction, at least the cost of investment is lower, and the social resources consumed are less.

The survival of the fittest is the law of the market, and the Austrian market is not unlimited.While saving these companies, they are also sacrificing the interests of some similar companies, which essentially breaks the principle of fairness.

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