Today is the last Friday of May, and the entrance to the Vienna Stock Exchange is already crowded.

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

Because the time of listing of enterprises is different, the cycle of publishing financial statements is also different, and many companies publish financial statements at the end of each month.

Friday, which is the Saturday and Sunday when the stock market is closed, can leave time for the market to react, so that investors do not have an impulse to sell.

If it's good news, don't wait until the end of the month, you can announce it at any time.

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

Now is obviously the exception, there have been strikes all over Europe in the past few months, and the performance of the companies that have gone on strike is naturally not good, and everyone is prepared.

Maldonado is also one of the investors, and he usually doesn't look at the securities announcements, but even if he looks at them on Friday, it's too late.

Today is an exception, and the Da Keer textile mill, in which he holds the largest shareholding, has to publish its financial statements. Deep down, Maldonado was already hoping that the Daker textile mill would lose a little less.

No way, he's already trapped. Since the outbreak of the strike, the stock price of Daker Textile Factory has been falling, and it still sells more and buys less.

The stock price did not fall to the end, that is the big business of Da Keer textile manufacturers, with a supporting industrial chain, strong anti-risk ability, and investors still have confidence.

Looking at the crowd, Maldonado decisively entered the café opposite the door and waited. As soon as I entered the third floor, I heard someone greet me.

"Maldonado, this way!"

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

A few of them are old friends who have been in this industry for several years, and only when they are not optimistic about the market, everyone will gather here and wait for the company to publish its financial statements.

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

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

Obviously, the two are already very familiar with each other, and they talk very casually.

As retail investors in the stock market, they only look beautiful on the surface, but in fact, they are worried every day, and they dare not relax at all.

Just look at the hairline of a few people, and you can see that you usually don't worry less.

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

As old stockholders, they have their own set of judgment methods. For example, right now, other people are still huddled below, and they are here to see how the crowd reacts.

Karen put down the coffee in his hand and said helplessly: "Sure enough, it's bad news, Maldonado has to say that your mouth stinks!" ”

Maldonado looked bitter: "I don't want to either, now I'm going to go below to confirm, how bad this bad news is, is there anyone with it?" ”

Several people looked at each other, and the old man said: "Wait a little longer, now that the stock market has been suspended, there are so many people below, and it is not bad for this little effort." ”

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

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

With apprehension, Maldonado checked the report of the Daker Textile Factory, and looked at the specially marked "loss of 1.248 million" on it, he closed his eyes and couldn't read it anymore.

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

You must know that last year's annual profit of Da Keer Textile Factory was less than 1.5 million Aegis. Now this loss, it can be announced that this year's Da Keer textile factory can not wipe out the loss.

Maldonado had already heard someone cursing at the management of the Daker textile mill as brain-dead and unable to even adapt.

……

If given the choice, the elder Lanno is not willing to publish the financial statements at this time. But there is no way, failure to publish the financial report on time will not only be fined, but also ushered in the investigation of the regulatory authorities.

Few companies can withstand inspection, and Daker Textile Factory is no exception.

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

After more than a month of continuous strikes, it is impossible to justify if the company does not lose money.

The amount of shipments, the total amount of transactions, and the amount of tax paid can all be checked, and it is not easy to fake them.

Theoretically, the goods of the Aegis can also be sold for 10,000 Aegis, which are allowed by law, but the enterprise is subject to tax according to the transaction amount.

Far beyond the market price, the commodity becomes a luxury item, and what needs to be paid is the luxury tax. This tax rate is much higher than ordinary taxes.

Theoretically, as long as the company is willing to spend money on performance, it is very simple to turn losses into profits. In practice, such fools simply do not exist. The cost of counterfeiting is too high, far beyond the limits of what the capitalists can afford.

Affected by the bad news of the heavy losses of the Daker textile factory, the Vienna Stock Exchange ushered in a wave of selling as soon as the market opened on Monday.

The exchange saw the sale of orders, and no one took over at all, and the stock price naturally fell sharply. By the end of the afternoon, the stock price of Daker Textile Mill had fallen by 14.7 percent.

It seems that this decline is acceptable, but in fact, this is the nth time that the stock price has fallen since the outbreak of the Daker textile factory strike.

The stock price itself has reached the bottom, and after falling again, the market value of Daker Textile Factory is only 63% of its peak.

The stock price of Daker Textile Factory has not only fallen, but the stock price of all companies has been affected, especially the one that has gone on strike has fallen the most.

Investors believe that the companies that have gone on strike, like the Daker textile factory, will suffer serious losses.

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

Falling stock prices are also contagious, and many companies with good performance have also suffered unjustified disasters. By the end of the day, the broader market of the Vienna Stock Exchange as a whole had fallen by 4.2%, and the market was wailing.

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

By the end of Friday's close, the Vienna Stock Exchange had fallen by 11.8 percent, and in just five days, the Austrian stock market had evaporated hundreds of millions of Aegis.

The stock market crash is coming!

With the help of newspapers, the news of the stock market crash in Vienna soon spread throughout the European continent, and savvy investors immediately sold their stocks.

With the development of the economy, the economic ties of European countries are getting closer and closer, and the stock market crash in Austria has not been spared by European countries.

In a strange scene, whether it is London or Paris, the stock market is constantly selling, but there are very few buyers. No matter how experts and scholars preach, the stock market has been declining.

"Bailing out the market" has become another hot topic after the "strike", but before the "bailout", the strike issue must be resolved.

If companies can't resume production, how can they guarantee their share prices? The capitalists are in a hurry, only a very small number of people are qualified to shear sheep on the stock market, and most of them are sheep that have been sheared.

In order to resume production as soon as possible, the capitalists also showed their talents.

Some capitalists choose to negotiate and compromise with the workers; Some capitalists choose to buy, divide and disintegrate; Some capitalists directly let thugs arrest family members and force workers to go to work; What's more, they directly sacrificed Gatling, strafed the striking crowd, and forced the workers to return to work by bloody massacres......

A variety of divine operations are constantly staged on the European continent, bringing jokes to the public, but also full of blood.

Where there is oppression, there is resistance. The bloody massacres brought not only the resumption of work, but also the successive workers' uprisings.

It's messed up, it's completely messed up, and the whole European continent is in a mess. All kinds of chaotic ideas took the opportunity to spread rapidly, and for a while, the gods and demons danced wildly.

At 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 fell into the predicament of insufficient funds. If left unresolved, it is likely to trigger a new round of economic crisis.

If you just don't have enough money, you can seek a bank loan. However, there are still a lot of problems in these underfunded enterprises.

For example, management chaos, strikes have not been resolved, conservative business ideas, old machinery and equipment......

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

When the market is good, banks naturally don't mind high-risk business. High risk is often accompanied by high returns, and as long as the benefits are large enough, banks are not short of risk-taking.

The situation is different now, the stock market crash has erupted, many of the banks' businesses have been implicated, and most banks are shrinking their monetary base.

Not to mention high-risk business, even low-risk business loans, it is difficult to do it. Loans without collateral are not accepted by banks at all.

Franz couldn't do anything about it, he couldn't let the bank lend money knowing that there was a problem, right?

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

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

Counting on the rebirth of these businesses? Franz felt that it was better to push it to reconstruction, at least the cost of investment would be lower, and the consumption of social resources would be less.

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

……