Today is the last Friday of May, and the gate of the Vienna Stock Exchange is now crowded.

The Austrian Securities Administration Law clearly stipulates that listed companies must publish financial statements once every three months, and the time is the next month.

Because the company's listing time is different, the cycle of publishing statements is also different. Many companies publish financial statements at the end of each month.

Choose Friday, which is Saturday and Sunday, the stock market is closed, which can leave reaction time for the market to avoid investors from selling impulsively.

If it is good news, naturally, don’t wait until the end of the month, and it can be announced to the public at any time.

The financial statements of companies and financial newspapers will also be published, but they are a few hours later than the time when the exchange is published. There are not so many people in normal times.

Now is obviously an exception. In the past few months, all of Europe have been on strike. The performance of companies that have occurred will naturally not be good, and everyone is prepared.

Maldonado is also one of the investors. He does not read the securities announcements in normal times. Anyway, even if he reads it on Friday, it will be too late.

Today is an exception. The Dakoer Textile Factory, which holds the most shares, needs to release its financial statements. Deep in his heart, Maldonado is already hoping that the Dakoer Textile Factory will lose less.

There was no way, he was trapped. Since the strike broke out, the stock price of Dakoer Textile Factory has been falling all the way, and it still sells more and buys less.

The stock price has not fallen to the end. It is because Dakoer's textile factory has a big business, has a supporting industrial chain, has strong risk resistance, and investors are still confident.

Looking at the crowded crowd, Maldonado decisively entered the cafe opposite to wait. As soon as he entered the third floor, he heard someone greeting.

"Maldonado, here!"

Maldonado walked over and said, "You are all here, it seems that the results today are not optimistic."

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

A bald middle-aged man complained: "Damn it, can't you say something nice? Even if you fool it, it's better than being so direct."

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

Obviously, the two of them are already very familiar with each other and speak very casually.

As retail investors in the stock market, they just look glorious on the surface, but in fact they are worried every day and dare not relax if they are disturbed.

Just look at the hairlines of a few people, you will know that you have to worry about it very much.

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

As old stock investors, they have their own way of discrimination. For example, now, others are still crowding down, and they will know by looking at the reactions of the crowd here.

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

Maldonado looked bitter: "I don't want it either. Now I want to go downstairs to confirm how bad this bad news is. Is there anyone together?"

Several people looked at each other, and the old man said, "Wait a little longer. The stock market has stopped trading now, and there are so many people below, so it's not that much effort."

Time flies, and the coffee on the table is already cold. Seeing that the crowds below are almost dispersed, several people went downstairs.

At this time, they found that not only retail investors appeared together, but also some "big people" in the circle. Obviously, there are many people who pay attention to corporate financial reports.

With a nervous mood, Maldonado checked the report of the Dakeer Textile Factory. Looking at the "loss of 1.248 million" marked on it, he closed his eyes and could no longer watch.

The reason is no longer important. The astronomical loss has far exceeded his expectations, and there is only one thought left in his mind to "cut the flesh and stop the loss".

You should know that last year, the profit of Dakeer Textile Factory was less than 1.5 million SHIELD. Now this loss can be announced that Dakeer Textile Factory can't even smooth out its losses this year.

Maldonado has heard someone cursing, denying that the management of Dakoer Textile Factory is a brainless person and cannot even adapt.

...

If there is a choice, Lao Lannuo is unwilling to publish financial statements at this time. However, there is no way. If the financial report fails to publish it on time, it will not only be fined, but will also be investigated by the regulatory authorities.

Few companies can stand the investigation, and Dakeer Textile Factory is no exception. If you find something, it may give the company a fatal blow.

Now the outside world is staring at them too much, and a small problem may be amplified. Even Lao Lannuo dares not falsify financial statements.

It has been on strike for more than a month, and it is unreasonable if the company does not suffer losses.

The amount of shipment, total transaction amount, and tax amount can all be checked, and it is not easy to fake it.

In theory, the goods of a Shield can also be sold for ten thousand Shields, which are allowed by law, but the company must pay taxes based on the transaction amount.

If the transaction is far beyond the market price, the goods become luxury goods, and the luxury goods tax needs to be paid. This tax rate is much higher than the ordinary tax.

In theory, as long as the company is willing to spend money to increase its performance, it is very simple to turn losses into profits. In actual operation, such a fool does not exist at all. The cost of fraud is too high, far exceeding the capitalist's tolerance limit.

Affected by the bad news of the severe losses of Dakoer Textile Factory, the Vienna Stock Exchange ushered in a wave of selling as soon as it opened on Monday.

The exchange only saw orders, and no one took over the market, so the stock price naturally fell sharply. As of the afternoon closing, the stock price of Dakeer Textile Factory fell by 14.7%.

It seems that the decline is acceptable, but in fact, this is the nth time that the stock price has fallen since the strike of Dakoer Textile Factory.

The stock price itself has reached the bottom. After the decline again, the market value of Dakoer Textile Factory is only 63% of the peak.

Not only the Dake Textile Factory fell, but the stock prices of all companies were affected, especially those that had strikes fell the most.

Investors believe that companies that strike will suffer serious losses, just like Darkoer Textile Factory.

In the market economy, it has already affected the whole body. Once the production of the enterprise is affected, no one should want to keep the upstream raw material supply and downstream sales channels alone.

The decline in stock prices is also contagious, and many companies with good performance have also suffered unrestrained disasters. As of the close of the day, the overall market of the Vienna Stock Exchange fell by 4.2%, and there was a wail in the market.

Affected by adverse market factors, in the next few days, the Vienna stock market continued to collapse, and many corporate stocks fell directly to bargaining prices, and the stock market crash officially came.

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

The stock market crash is coming!

Under the influence of newspapers, news of the stock market crash in Vienna soon spread throughout the European continent, and investors with a bright mind sold their stocks as soon as possible.

With the development of the economy, the economic ties between European countries are becoming increasingly close today. Austria has experienced a stock market crash, and European countries cannot survive alone.

A strange scene appeared. Whether in London or Paris, the stock market kept selling, but there were few buyers. Any expert and scholar advocating, the stock market was going down.

"Salvation of the market" has become another hot topic after the "strike", but before "salvation of the market", the problem of strike must be solved.

If a company cannot resume production, how can it ensure the stock price? Capitalists are anxious. Only a very small number of people are qualified to shear wool in the stock market, and most of them are sheep sheep.

In order to resume production as soon as possible, capitalists also show their magical powers.

Some capitalists choose to negotiate and compromise with workers; some capitalists choose to bribe and divide and disintegrate; some capitalists directly ask thugs to arrest their families and force workers to go to work; some even more directly sacrifice Gatlin, shoot down the strikers, and force workers to resume work by bloody massacre...

Various magical operations are constantly being staged on the European continent, bringing jokes to the people while also being full of blood.

Wherever there is oppression, there is resistance. The bloody massacres bring not only the resumption of work, but also the continuous uprising of workers.

It was messy, completely messy, and the entire European continent was in chaos. All kinds of messy thoughts took the opportunity to spread quickly, and for a while, gods and demons danced in chaos.

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

Affected by the stock market crash, many companies are in a dilemma of insufficient funds. If not solved, a new round of economic crisis may be triggered.

It is easy to deal with if it is just insufficient funds, so you can seek bank loans. However, these companies with insufficient funds still have a lot of problems.

For example: management is chaotic, strike incidents are not resolved, business ideas are conservative, machinery and equipment are old...

The messy problems gathered together, and banks and naturally concluded that 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 will not lack the spirit of adventure.

The situation is different now. The stock market crash broke out, and many of the bank's businesses were implicated, and most banks were shrinking their monetary resources.

Not to mention high-risk businesses, even low-risk businesses are difficult to complete. Banks do not accept loans without collateral.

Franz is powerless, and he can't let the bank lend money even though he knows there is a problem, right?

If you play like that, you are not solving the crisis, but extending the time when the crisis breaks out.

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

Looking forward to these companies being reborn from the ashes? Franz feels it is better to push them to rebuild. At least the cost of investment is lower and the social resources consumed are less.

Survival of the fittest is the market law, and the Austrian market is not infinite. While saving these companies, it is also sacrificing the interests of some similar companies, which essentially breaks the principle of fairness.

...
Chapter completed!