Holy Roman Empire

Today is the last Friday in May. At the gate of the Vienna Stock Exchange, it is already crowded.

The Austrian Securities Management Law clearly stipulates that listed companies must publish their financial statements once every three months, the next month.

Because companies are listed at different times, the reporting cycle is different, and many companies publish financial statements at the end of each month.

On Friday, the market is closed on Saturday and Sunday, which can leave a reaction time for the market, so that investors will not be impulsive and sell off.

If it's good news, don't wait until the end of the month.

The financial statements of the company will also be published in financial newspapers, but it is only a few hours later than the time published by the exchange. In normal times, there are not so many people.

Now it is clearly the exception. Strikes have been going on all over Europe in the past few months. The performance of the strike companies is naturally not good, and everyone is prepared.

Maldonado is also a member of the investor. He usually does not look at the public announcement of the securities. Anyway, even if he watched it on Friday, it is too late.

Today is an exception. The Dakore textile mill, which holds the most shares, is to publish financial statements. Deep down, Maldonado is already looking forward to a little loss for the Dakol textile mill.

No way, he's locked up. Since the outbreak of the strike, the shares of Dakoer Textile Mill have been falling, and they have been selling more and buying less.

The stock price has not fallen to the end. It is a big cause for Dakorn textile manufacturers, with supporting industrial chains, strong anti-risk capabilities, and investors are confident.

Watching the crowd, Maldonado decisively waited in the opposite cafe. As soon as I entered the third floor, I heard someone say hello.

"Maldonado, here!"

Maldonado responded: "You are all here, and it looks like today's results are not optimistic."

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

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

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

Obviously, the two were already familiar, and they spoke very casually.

As retail investors in the stock market, they only look good on the surface, but they are really worried every day, and they are afraid to relax.

Looking at the hairline of a few people, I know that I usually don't worry less.

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

As old shareholders, they have their own set of judgment methods. For example, now that other people are still crowding below, they will know the crowd's response here.

Karen put down the coffee in her hand and said helplessly: "It's really bad news, Maldonado has to say that your mouth is really smelly!"

Maldonado's face was bitter: "I don't want to. Now I'm going to confirm below. How bad is the bad news, and who is there?"

A few people looked at each other, and the old man said, "Wait a while, now the stock market has stopped, and there are so many people below, it's not that bad."

Time passed quickly, and the coffee on the table was cold. Seeing that the crowd below was almost dispersed, several people went downstairs.

At this time, they found that not only them, but also some "big men" in the circle appeared together. Obviously, many people are concerned about corporate earnings.

With a sorrowful mood, Maldonado checked the statement of the Dakoer Textile Mill and looked at the specially marked “loss of 1.248 million”. He closed his eyes and could no longer see it.

The reason is no longer important. The loss of this astronomical figure has far exceeded his expectation. There is only one thought left in his heart, "cutting meat to stop losses."

You know, the profit of the Dakoer Textile Mill last year was less than 1.5 million Aegis. Now that this loss has been announced, this year's Dakoer Textile Mill will not be able to make up the loss.

Maldonado has heard someone swearing that the management of the Dakol Textile Mill is mentally disabled and will not even work.

...

If there is a choice, the old Lannuo is also reluctant to publish the financial statements at this time. But there is no way. Failure to publish the financial report on time will not only result in fines, but also usher in investigations by regulatory authorities.

Few companies can withstand the investigation, and the Dako'er textile mill is no exception. Anything that is found can be a fatal blow to the company.

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

The strike has been going on for more than a month. If the company does not make losses, it cannot be justified.

How many shipments, the total transaction amount, the amount of taxation, these data can be checked, it is not easy to counterfeit.

Theoretically, Aegis goods can also be sold for Aegis, which are allowed by law, but the company pays taxes based on the transaction amount.

When the transaction price far exceeds the market price, the product becomes a luxury product, and the luxury product tax needs to be paid. This tax rate is much higher than ordinary taxes.

In theory, as long as the company is willing to spend money to rush performance, turning a profit into a profit is very simple. In practice, such a fool simply doesn't exist. The cost of counterfeiting is too high, far exceeding the capitalist's tolerance.

Affected by the bad news of the heavy loss of the Dakoer Textile Mill, the sell-off wave ushered in the opening of the Vienna Stock Exchange on Monday.

The exchange saw sell-offs, and no one took orders at all, and the stock price naturally plunged. As of the close of the afternoon, the shares of Dakol Textile Mill had fallen by 14.7%.

It seems that this decline is acceptable. In fact, this is the nth stock price drop since the Dakoer textile mill strike.

The stock price itself has reached the bottom of the valley. After falling again, the market value of the Dakoer Textile Mill was only 63% of its peak.

It is not just the Dakore textile mills that have fallen in stock prices. The share prices of all companies have been affected, especially those that have suffered strikes.

Investors believe that the strike companies, like the Dakoer textile mill, will suffer severe losses.

In the market economy, it is already a trigger and moves the whole body. Once the production of enterprises is affected, the supply of raw materials upstream and the sales channels downstream should not be left alone.

Falling stock prices are also contagious, and many good-performing companies have suffered the same. As of the close of the day, the broader market of the Vienna Stock Exchange had fallen by 4.2% overall, and there was a mourn in the market.

Affected by adverse market factors, in the next few days, the Vienna stock market continued to have blood crashes, and many corporate stocks fell directly to the price of cabbage, and the stock disaster officially came.

As of Friday's close, the Vienna Stock Exchange had fallen by 11.8%. In just five days, the Austrian stock market had lost hundreds of millions of SHIELD.

The stock disaster is here!

Under the influence of the newspaper, the news of the stock market disaster in Vienna soon spread throughout the European continent, and the savvy investors immediately sold their stocks.

With the development of the economy, the economic ties between European countries are getting closer and closer today, the stock market disaster in Austria, and the European countries can not stand alone.

A weird scene emerged, whether in London or Paris, the stock market continued to sell, but few buyers. As experts and scholars advocate, the stock market has been falling all the way.

"Saving the market" has become another hot topic after the "strike". However, before the "saving the market," the strike problem must be solved.

If the company 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 soon as possible, the capitalists also showed their magical powers.

Some capitalists choose to negotiate and compromise with workers; some capitalists choose to buy and disintegrate; some capitalists directly allow thugs to capture their families and force workers to work; even more, they directly sacrifice Gatlin, shoot the strike crowd, and rely on blood. The massacre forced the workers to return to work ...

Diverse operations continue to be staged on the European continent, while at the same time bringing laughs to the people, it is also full of blood.

Where there is oppression, there is resistance. The **** slaughter has brought not only resumption of work, but also successive workers' uprisings.

Messed up, completely messed up, and the whole European continent became a mess. All sorts of messy thoughts spread quickly and took the time to dance.

Vienna Palace, looking at the chaotic situation, Franz also had a headache. The Vienna government intervened early, and there were no large-scale worker uprisings in Austria, but the stock market disaster was enough.

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

If it's just a lack of funds, you can seek a bank loan. There are still a lot of problems for these underfunded companies.

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

The mess came together, and the bank came to the conclusion: high-risk business.

When the 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 not the same now, the outbreak of the stock market disaster, many banks' business has been implicated, most banks are shrinking their cash.

Don't talk about high-risk businesses, even low-risk business loans, it's hard to do. Loans without collateral do not accept the bank at all.

Franz couldn't do anything about it. He couldn't figure out that there was a problem. He asked the bank to lend money?

If you play like that, you are not solving the crisis, but prolonging the time it takes for the crisis to erupt.

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

Expect these companies to rebirth? Franz thinks 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 enterprises, they are also sacrificing the interests of some similar enterprises, essentially breaking the principle of fairness.

...

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