Chapter 615 Misfortunes Do Not Come Singly

Today is the last Friday in May, and the gate of the Vienna Stock Exchange is already full of people.

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

Because companies go public at different times, the reporting cycle is also different. Many companies publish financial statements at the end of each month.

Choosing Friday, when the stock market is closed on Saturday and Sunday, can give the market time to react and prevent investors from selling on impulse.

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

The company's financial statements and financial newspapers will also be published, but it is a few hours later than the time announced by the exchange. There are not so many people in normal times.

Now is obviously an exception. In the past few months, there have been strikes all over Europe. Naturally, the performance of the companies that have gone on strike will not be better. Everyone is prepared.

Maldonado is also one of the investors. Normally, he does not look at the public announcements of securities. Anyway, even if he does, it is too late to read it on Friday.

Today is an exception, as the Dakor textile mill, in which he holds the most shares, is due to release its financial statements. Deep down, Maldonado was already looking forward to the lesser loss of the Dacroll mill.

No way, he's already stuck. Since the outbreak of the strike, the share price of Dakor Textile Factory has been falling all the way, and there are still more selling and less buying.

The stock price has not fallen to the bottom. That is because the Dakeer textile manufacturer has a great business, has a supporting industrial chain, and has strong anti-risk capabilities. Investors still have confidence.

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

"Maldonado, this way!"

Maldonado responded and walked over: "You are all here, it seems that today's result is not optimistic."

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

A bald middle-aged man complained: "Damn it, can't you 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 speak very casually.

As retail investors in the stock market, they only look good 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 can know that there is usually no less worry.

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

As old shareholders, they have their own set of judgment methods. For example, now, other people are still crowding below, and they will know the reaction 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 really stinks!"

Maldonado had a bitter look on his face: "I don't want it either. Now I'm going to go down and confirm how bad this bad news is. Is there anyone with it?"

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

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

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

With an uneasy mood, Maldonado checked the report of the Dakor Textile Factory, and saw the "loss of 1.248 million" specially marked on it. He closed his eyes and couldn't watch it any longer.

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

You must know that last year, the annual profit of Dakel Textile Factory was less than 1.5 million Aegis. Now this loss, it can be announced that this year, the Dakor Textile Factory will not be able to even out the loss.

Maldonado had already heard someone swearing, scolding the management of the Dakor Textile Factory for being brain-damaged and not even able to adapt.

...

If there is a choice, Lao Lannuo is not willing to announce 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 will also usher in an investigation by the regulatory authorities.

Few companies can withstand investigation, and Dakeer Textile Factory is no exception. If something is found, it may give 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 Lan Nuo dare not falsify financial statements.

After more than a month of continuous strikes, if the company does not suffer losses, it is unreasonable.

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

Theoretically, the goods of one Aegis can also be sold for 10,000 Aegis, all of which are permitted by law, but the enterprise has to pay taxes according to the transaction amount.

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

In theory, as long as the company is willing to spend money to improve performance, it is very simple to turn losses into profits. In practice, such a fool does not exist at all. The cost of counterfeiting is too high, far exceeding the cost of capitalists

bear the limit.

On Monday, the Vienna Stock Exchange opened with a wave of sell-offs, affected by the news of the severe losses at the Dakker textile mill.

The exchange only saw sell orders, and no one took the orders at all, and the stock price naturally plummeted. Shares of Dakker Textiles were down 14.7 percent by the close in the afternoon.

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

The stock price itself has already bottomed out. After falling again, the market value of Dakor Textile Factory is only 63% of its peak value.

It was not only the Dakker Textile Factory that suffered the drop in share prices, but all companies' share prices were affected, especially the companies that went on strike fell the most.

Investors believe that companies that strike will suffer serious losses, just like the Dakor textile factory.

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

Falling stock prices are also contagious, and many well-performing companies have also suffered unwarranted disasters. As of the close of the day, the broader market of the Vienna Stock Exchange fell by 4.2% as a whole, and the market was wailing.

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

As 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!

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

With the development of the economy, the economic ties of European countries are getting closer and closer. The Austrian stock market crashed, and European countries could not be immune.

A strange scene appeared. Whether it was London or Paris, the stock market continued to sell, but there were few buyers. No matter how experts and scholars advocate, the stock market has been falling all the way.

"Rescue the market" has become another hot topic after the "strike". However, before the "rescue the market", the issue of the strike must be resolved.

If the company cannot resume production, how can the stock price be guaranteed? The capitalists are in a hurry, only a very few are qualified to shear sheep in the stock market, and most of them are sheep being sheared.

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

Some capitalists choose to negotiate and compromise with the workers; some choose to buy, divide and disintegrate; some directly let the thugs arrest their families and force the workers to go to work; some even directly sacrifice Gatling and shoot the strikers, relying on bloodshed. Slaughter forces workers to return to work...

A variety of divine operations are constantly being staged 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 just the resumption of work, but also successive worker uprisings.

It was a mess, a total mess, and the entire continent of Europe was a mess. All kinds of messy thoughts took the opportunity to spread quickly, and the gods and demons danced for a while.

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 not resolved, it is likely to trigger a new round of economic crisis.

If you just don't have enough funds, you can get a bank loan. However, these underfunded enterprises still have a lot of problems.

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

A mess of problems came together, and banks came to a natural conclusion: high-risk business.

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

The current situation is different. The stock market crash has broken out, and many of the bank's businesses have been implicated, and most banks are shrinking their money.

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

Franz is also helpless. He can't know that there is a problem, so he still asks the bank to lend money, right?

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 will drag the national economy to hell.

Count on these companies to be reborn from the ashes? Franz felt that it would be 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 infinite. While saving these companies, it is also sacrificing the interests of some similar companies, which essentially breaks the principle of fairness.

...