Die Harten kaufen Hartcourt (900009)

Einer von den Harten bin ich. War noch nie in HRCT drin, hab viel von Leuten gelesen, die sehr sehr schlechte Erfahrungen gemacht haben, besonders bei W:O.
Aber das zu ganz anderen Kursen.

Jetz is der Zeitpunkt günstig, meiner Meinung nach eine gute Position aufzubauen. HRCT is eine der wenigen OTC`s die schon richtig Umsatz machen, im dreistellien Mio.Bereich.
Der Jahresumsatz dürfte zwischen 200 und 300 Mio$ liegen bei minimalem Gewinn.
Bei einer derzeitigen MK von rund 25 Mio$ eindeutig unterbewertet, grad wenn man Aktien wie NEOM sieht, die ohne nennensweten Umsatz eine MK von 75 Mio$ aufweisen.
Klar Börse hat mit Logik nix zu tun, aber das bei HRCT jetz sind neue Tiefststände in den letzten 52-Wochen mit nem Hoch bei 0,79$.

Da ich FRLK ser favorisiere und auch fett drin bin, denke ich das HRCT auch bald wieder deutlich höhere Kurse aufweisen wird.
Deshalb mein Rating Strong Buy zu Kursen um die 0,11€.
Nächstes Jahr wird hier die Post abgehn und ich wills nich verpassen.

Eure objektiven Meinungen sind gefragt, aber bitte keine Push oder Basherpostings ohne Begründung reinstellen. Bringt eh nix, denn der Kurs wird eh in USA gemacht.

Gruß

Form 10QSB/A for HARTCOURT COMPANIES INC


--------------------------------------------------

18-Aug-2004

Quarterly Report



Item 2 Management's Discussion and Analysis or Plan of Operation
General

The following is a discussion of the results of operations and analysis of financial condition for six months ended June 30, 2004 and June 30, 2003. The following discussion may be understood more fully by reference to the financial statements, notes to the financial statements, and the Management's discussion and Analysis or Plan of Operation section contained in our Annual report on Form 10-KSB/A, filed with the Securities and Exchange Commission on April 20, 2004.

Results of Operations

The operations of Hartcourt for the three months and six months ended June 30, 2004 consisted of operations of Huaqing (51% ownership interest), GuoWei (50.5% ownership interest), NewHuaSun (45% ownership interest), ZhongNan Group (51% ownership interest), Challenger Group (51% ownership interest), Hartcourt Capital Inc. (100% ownership interest), Hartcourt China, Inc (formerly known as Hartcourt Companies Limited) (100% ownership interest), Ai-Asia Inc. (100% ownership interest), and Hartcourt's investments in other entities located in Hong Kong and China. The operations of Hartcourt for the three months and six months ended June 30, 2003 consisted of the operations of Huaqing (45% ownership interest acquired in February 2003), GuoWei (45% ownership interest acquired in April 2003), NewHuaSun (45% ownership interest acquired in April 2003), FTL (58.53% ownership interest), Hartcourt Companies Limited (formerly known as Sinobull.com Inc.) (100% ownership interest), Ai-Asia Limited (100% ownership interest), Hartcourt Capital Inc. (100% ownership interest) and Hartcourt's investment and advances to other entities located in US, China and Hong Kong.

Net sales and cost of sales: The Company recorded net sales of $70,655,261 and $138,378,366 for the three months and six months ended June 30, 2004, compared to $28,112,109 and $33,834,458 for the same period in 2003. Net sales during the three months and six months ended June 30, 2004 represented revenues derived from sales of IT products and after sales services to commercial customers and consumers. Net sales during the three months and six months ended June 30, 2003 primarily included revenue derived from sales of IT products sold to customers provided by HuaQing, Guowei and NewHuasun and the related Internet and telephone services provided by FTL. The increase in sales was mainly due to Huaqing, GuoWei, NewHuaSun, ZhongNan group and Challenger group, the five new acquisitions made in 2003, compared with two months' result of Guowei and NewHuaSun and four months' results of Huaqing consolidated in the quarter ended June 30, 2003.

Cost of sales amounted to $67,148,651 and $131,353,497 for the three months and six months ended June 30, 2004 compared to $27,012,645 and $32,343,510 for the same period in 2003. Cost of sales for the three months and six months ended June 30, 2004 represented the cost of IT products sold to customers provided by Huaqing, GuoWei, NewHuaSun, ZhongNan group and Challenger group. Cost of sales for the three months and six months ended June 30, 2003 primarily included the costs of IT products sold to customers provided by HuaQing, Guowei and NewHuasun; cost of transmission and Internet services provided by FTL to its customers.

The increase in the gross margin was mainly contributed by the commercial product group while the consumer product group had a slightly higher margin as well.

Selling, general and administrative expenses: The selling, general and administrative expenses were $2,636,358 and $5,305,424 for the three months and six months ended June 30, 2004 compared to $760,206 and $1,191,001 for the same period in 2003. The increase in expenses was mainly due to the consolidation of newly acquired business.

Depreciation and amortization expenses: the depreciation and amortization expenses were $42,087 and $55,583 for the three months and six months ended June 30, 2004 compared to $18,550 and 47,250 for the same period in 2003. The increase was mainly due to depreciation cost from newly acquired business.

Gain (loss) on disposal of property and equipment: the gain on disposal of property and equipment of $109,359 for the three and six months ended June 30, 2004 compared to a loss of 72,371 for the same period in 2003. The gain was from the disposal of one investment property owned by Huaqing.

Results of Operations - COntinued

Interest income: Interest income were $39,946 and $56,077 for the three and six months ended June 30, 2004 compared to $0 and $508 for the same period in 2003, the increase was mainly in line with the increase of cash and bank balances.

Interest expenses: Interest expenses were $232,539 and $465,780 for the three months and six months ended June 30, 2004 compare to $79,742 and $92,891 for the same period in 2003. The increase was mainly attributable to borrowing of cash to finance the Samsung business growth.

Other revenue: Other revenue mainly represented income from warranty services and other after sales services.

Gain/(loss) in subsidiary attributed to minority interest: Gain/(loss) in subsidiary attributed to minority interest represented the profit/loss shared by the minority shareholders as mentioned above.

Income tax: The Company made provision for income taxes of $355,207 and $523,037 for the three and six months ended June 30, 2004 compared to $58,270 for the same period of 2003. The provision for taxes relates to the estimated amount of taxes that will be imposed by tax authorities in the PRC, the increase of income tax provision was mainly due to the higher profit generated by the PRC subsidiaries.

Liquidity and Capital Resources:

Hartcourt's principal capital requirements during the year 2004 are funded by bank borrowings, followed by issuing additional stocks.

As shown in the accompanying financial statements, Hartcourt incurred a net gain of $55,494 and $113,336 for the three and six months ended June 30, 2004 as compared to a net loss of $3,268 and $190,184 for the same period in 2003 (after excluding the one-time gain on disposal of discontinued operation). In addition, Hartcourt's current assets exceeded its current liabilities by $14,624,834 on June 30, 2004.

As of June 30, 2004, we had working capital of US$14,624,834. In addition to our working capital on hand, we intend to obtain the required capital in a combination of bank debt and sales of equity securities. However, there are no commitments or agreements on the part of anyone to provide us with additional bank financing or purchase of securities. If we are unable to raise the additional working capital, our proposed plan of operations may be adversely affected.

Operating activities: During the six months ended June 30, 2004, net cash used by operating activities increased to $2,432,573 compared to $1,305,922 during the same period in 2003. The increase in cash used in operation activities was mainly in line with the expansion of business.

The cash inflow in operating activities resulted primarily due to the increase of accounts payable of $8,303,193, increase of accrued liabilities of $620,356, increase of deferred revenue of $1,246,997, decrease of prepaid expenses of $408,439, minority interest of $1,019,389, net operation gain of $113,336 and other non-cash related expenses of $205,834. The outflow of operating activities is mainly due to the increase of accounts receivable of $3,550,613, increase of trade deposits to suppliers of $2,633,886, increase of inventories of $8,056,259 and gain on abandonment of property and equipment of $109,359.

Liquidity and Capital Resources - Continued

Investing activities: Net cash provided by investing activities during the six months ended June 30, 2004, was $3,739,498 compared to $3,221,292 for the same period in 2003.

The increase was mainly due to cash generated from the disposal of one property by Shanghai Huaqing of $222,029 and increase in proceeds from the recovery of notes receivables of $239,351.

Financing activities: Net cash provided by financing activities during the six months ended June 30, 2004 was $2,849,400 compared to $4,090,467 during the same period in 2003. The decrease was primarily due to lower short term bank borrowing.

As a result of the above activities, the company experienced a net increase in cash of $4,156,325 for the six months ended June 30, 2004. Most of the increase is due to one-off events, such as the Beijing Challenger acquisition and the proceeds from stock subscription

Off-Balance Sheet Arrangements:

We do not have any off-balance sheet financing arrangements.

Forward Looking Statements:

We make written and oral statements from time to time regarding our business and prospects, such as projections of future performance, statements of management's plans and objectives, forecasts of market trends, and other matters that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements containing the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimates," "projects," "believes," "expects," "anticipates," "intends," "target," "goal," "plans," "objective," "should" or similar expressions identify forward-looking statements, which may appear in documents, reports, filings with the Securities and Exchange Commission, news releases, written or oral presentations made by officers or other representatives made by us to analysts, stockholders, investors, news organizations and others, and discussions with management and other representatives of us. For such statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Our future results, including results related to forward-looking statements, involve a number of risks and uncertainties that are described in our 2003 Annual Report on Form 10-KSB/A filed with the Securities and Exchange Commission on April 20, 2004. No assurance can be given that the results reflected in any forward-looking statements will be achieved. Any forward-looking statement made by or on behalf of us speaks only as of the date on which such statement is made. Our forward-looking statements are based upon assumptions that are sometimes based upon estimates, data, communications and other information from suppliers, government agencies and other sources that may be subject to revision. Except as required by law, we do not undertake any obligation to update or keep current either (i) any forward-looking statement to reflect events or circumstances arising after the date of such statement, or (ii) the important factors that could cause our future results to differ materially from historical results or trends, results anticipated or planned by us, or which are reflected from time to time in any forward-looking statement which may be made by or on behalf of us.


3.Quartal
Hartcourt Files Third Quarter Results (10QSB)
Tuesday November 9, 8:00 am ET


SHANGHAI, CHINA--(MARKET WIRE)--Nov 9, 2004 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009), www.hartcourt.com, China's IT wholesale, retail and service provider today announced its results for the quarter ended September 30, 2004.
ADVERTISEMENT


Hartcourt reported consolidated revenue of US$54 million, up 62% compared to the same period last year. 34% of revenue was contributed by commercial sales. The consumer sales were up 44% compared to a year ago same quarter after excluding the discontinued operations.

Continued operating gross margin percentage was up 0.7% compared to a year ago, despite fierce price competition and overall margin erosion in the market place.

Hartcourt reported EBIT of US$711K after excluding the discontinued operation. The consolidated net income was US$49K. The discontinued operations were Guangdong NewHuaSun, a Samsung distributor and Wenzhou Zhongnan Group, an IT retailer.

The current ratio was kept healthy at 1.45. Trade receivable was 18 days. Inventory was 15 days. Our trade receivable and inventories turnover ratio were better than industry average in China.

Details of this financial report could be found in our 10Q filing on www.sec.gov.



Insgesamt über 192 Mio $ Umsatz in 9 Monaten bei knapp 200.000$ Gewinn.
Cash genug vorhanden.
Die finanzielle Lage ist stabil.
Sehe den Jahresumsatz bei etwa 250 Mio$ bei ausgewiesenem Gewinn.

Aktie mit 25 Mio$ MK meiner Ansicht nach deutlich unterbewertet. Kursziele auf Jahressicht von 0,5$- 0,75$

Hatcourt is momentan ein Schnäppchen, der Kurs konsolidiert die letzten Wochen sehr schön und bald kommt dann der ersähnte Ausbruch.
Ich hoffe es sind dann paar mehr Leute dabei, als nur ich, aber wer nich will der hat schon.

Gruß

sonst keiner mehr am start!
Auf Jahressicht gibs hier %%%

Gruß

Hallo!Jetzt gehts los %%%.

Kurs gerade bei 0,189

On October 15, 2004, all defendants in this action filed a joint Motion for Summary Judgment. The Court has assigned a hearing date of November 29, 2004 for this motion. The SEC has requested that the November 29, 2004 hearing date be moved to December 13, 2004 to accommodate a motion for summary judgment which the SEC alleges that it intends to file before the November 1, 2004 motion cut-off imposed by the District Court. Defendants will not agree upon any such continuance, and as of this date, have not received any motion for summary judgment from the SEC. We have reserved $1,300,000 as a contingent liability on its balance sheet for this litigation and believe that it sufficient to cover the exposure of the litigation.

Kicky, HRCT war am Boden und bald kommt die Zeit da wirds wieder Richtung 0,5$ gehen.
Klar sind OTC`s riskant, aber immer nur alles schlecht machen bringt auch nix.
HRCT is von den Fundamentaldaten noch eine der besten OTC`s.
Wer sucht der findet immer was zu meckern, aber das mit der SEC würd ich nich überbewerten.
HRCT is ein klassischer Turnaround Kandidat. Wir haben das 52-Wochen Tief vor kurzem gehabt und jez is der erste kleine Schritt nach oben getan.
Vielleicht bist du nur traurig das du den Einstieg verpasst hast.

Gruß

innerhalb eines Jahres zurückgegangen,und das trotz 62%iger Umsatzsteigerung ,und dies hat nun schwerlich mit dem Betrugvorwurf der SEC zu tun.Du wirst schon wissen warum Du lieber den alten Report vom Juni zitierst und nicht den vom 9.November!
Wie willste denn den Turnaround begründen?Die ständigen Hinzuerwerbungen und vollmundigen Versprechungen des CEO sind doch schon aus der Vergangenheit bekannt.Weniger die discontinued Operations :  Guangdong NewHuaSun, a Samsung distributor and Wenzhou Zhongnan Group, an IT retailer.
Volumen bereits stark gefallen,Stochastik bei 85
bigcharts.marketwatch.com/charts/...ngs=1&rand=5873&mocktick=1
netter Pumpversuch

wie schätzst du die gesamte Entwicklung bei Forlink ein? Redi

danke preisfuchs ,ganz unerwartet!
Redi,ich denke Ihr macht da eine sehr sorgfältige Beobachtung,der Kurs hat sich ja wieder ganz gut erholt,vermutlich mit Hilfe der Marketmaker,postiv sehe ich, dass die nicht solche Schaumschläger sind und die besseren Gewinne schon kommen werden.Sorgen könnte allenfalls eine etwaige Kapitalerhöhung machen,die ja schon mal beschlossen war,aber wohl noch nicht bei der SEC beantragt ist

ich sehe HRCT genau wie FRLK auf längere Sicht, da es zwei chinesische Unternehmen sind, die in Zukunft einen enormen Wachstum aufweisen können.
Das HRCT große Umsatzsteigerungen verzeichnet hat, schreibst du ja selber.
Das die Gewinnmargen sehr klein sind ist bekannt, jedoch ist es das Ziel von HRCT auch dieses Problem in den Griff zu bekommen.
Was viele nich verstehen ist, das HRCT nichmehr dieselbe Firma ist wie im Jahr 2000.
Nur weil damals viele Leute große Summen verlorn haben, wird blind gebasht , besonders auf W:0. Das hier is mein erstes Investment in HRCT, weil ich der Meinung bin, das der Kurs total unterbewertet sind.
Ich distanziere mich also auch von irgendwelchen Pushern.

Des weiteren schreibst du, dass der Gewinn von 500.000 auf 49000 gefallen ist und willst damit was negatives aufzeigen.
Du mußt bedenken das HRCT eine Phase großer Umstrukturierungen und Aquisitionen hinter sich hat, wo nich immer alles glatt läuft, dass wird sich aber geben, immerhin sind sie noch profitabel, was für ein OTC schon sehr gut ist.

Du wirst sehen das HRCT aus der Vergangenheit lernen wird, im Management ab es ja auch Veränderungen im Vergleich zu 2000.
HRCT wird steigen und zwar mittelfristig (ca.6 Monate), auf mind. 0,50 $.

ma schaun ob HRCT dieses Jahr noch die 0,2$ Marke knackt.

Last:
 0.165 Change:
   -0.021 Open:
 0.17 High:
 0.19 Low:
 0.16 Volume:
 193,900
Percent Change:
 -11.29%

Habe News gefunden!www.Yahoo finance HRTC.

http://finance.yahoo.com/q?s=HRCT.OB

redi

Habe ich vertauscht! Kannst du das übersetzen?

finance.yahoo.com/q/is?s=hrct.ob

preisfuchs, erst Neomedia für 0,29$ kaufen und dann über mich ablästern...LOL

Kicky, das du gerne basht, weiß hier mittlerweile jeder, ich halte auch nich soviel von OTC`s im allgemeinen, aber HRCT hat sich fundamental ähnlich wie FRLK geändert und die Aktie ist momentan günstig.
Ich danke dir für deine nich immer objektiven Äüßerungen, ein frohes Fest dir und preisfuchs natürlich auch.

Nächstes Jahr HRCT 0,50$!

Gruß

das ich neom teuer gekauft habe ist richtig doch lass dir sagen der ek war bei $ 0,24 und bedenke, dass ich zuvor am anstieg bei ek $ 0,065 dabei war (du nicht, da du vor monaten teuer neom gekauft hattest und im verlust warst ggg was hier im thread zu lesen ist). jetzt habe ich noch soviel gewinn mit neom, was du nicht an wert in aktien von neom besitzt. übrigens nach dem nachbörslichen kurs von gestern, bin ich derzeit auf dem gleichen kurs wie ich neom gekauft $ 0,24) habe.
ich lass dich mal rechnen
gekauft
25.000 neom zu $ 0,065
alles verkauft in schritten mit schnitt $0,21
gekauft 5.000 neom zu $ 0,24
verkauft ???
wie du erkennst ich trade hier mit einsatz vom gewinn und muss nicht neues geld investieren.
so macht man geschäfte!

daher mein LOL

es ist wirklich gut, dass es hier am Board noch Leute gibt, die anscheinend aus jedem Müll Geld machen und noch nie Verluste hatten.
Also ich hab im letzten Jahr hier von dir keinen einzigen Fehlgriff mitgekriegt, ist das Zufall oder bist du der uneheliche Sohn von Kostolany?
Du bist doch ein Trader und Trader fallen doch öfter mal auf die Nase, weil sie sofort wieder verkaufen, wenn ihr Zock nich anspringt.

Meinetwegen kannst du lollen wieviel du willst, ich weiß selber das ich die Börsenweisheit nich mit Löffeln gefressen hab, aber ich weiß auch das der größte Analyst/Broker auf die Nase fliegt.
Das wichtigste is doch das man am Ende mehr rauskriegt als man reininvestiert und deshalb kann ich auch nich klagen.

So nun kurz zu HRCT:
Also Kicky is ja eigentlich ein guter Kontraindikator und du Preisfuchs, wirst schon auch auf diesen Zug draufspringen wenn hier die ersten Prozente eingestrichen werden.
HRCT war Ende letzten Jahres bei 0,79$ und seitdem sind sie immer noch profitabel.
Deshalb kommt nächstes Jahr der Turnaround.
Bei ca. 250Mio$ Jahresumsatz und 25 Mio$ MK lächerlich günstig.

wenn du zwischen den zeilen liest, wirst auch du bemerken, dass auch mir fehlgriffe passieren, jedoch nicht mehr so oft wie früher da ich nur noch aktien kaufe, wo ich überzeugt bin, dass es richtig ist, diese zu kaufen.
im übrigen, habe ich bei neom wie auch fnix verluste zugegeben, welche allerdings erst verluste sind, wenn ich die aktie verkaufe. bis dato ist es eine spekulation mit ungewissem ausgang.
hrct ist ein zock bei dem sich schon vor deiner zeit viele die finger verbrannt haben.
du kannst recht haben doch bevor ich hrct anfasse kauf ich mir lieber high risk aktien mit einer genialen story.
frohe weihnachten

bigcharts.marketwatch.com/quickchart/...&o_symb=hrct&x=29&y=18

bigcharts.marketwatch.com/charts/...ings=1&rand=860&mocktick=1
ich würde sagen noch immer Abwärtstrend,aber es braucht natürlich nur etwas mehr Volumen

0,135$ und das vor einigen Wochen, seitdem is der Kurs eigentlich stabil, klar gibs mal paar Ausschläge wie die 25% letzte Woche, aber ich sehe HRCT als langfristigen Turnaroundkandidaten, mindestens auf Jahressicht.

HRCT morgen nahe 52-Wochen Tief.
Die Sache mit der SEC is auch so gut wie vom Tisch. Wird nich alles so heiss gegessen wies gekocht wird.


-bis zum 31.7. 0,50$-

Hartcourt Appoints Richard Hyland as Interim CFO
SHANGHAI, CHINA - MARKET WIRE - 01/05/05
The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009) today announced that it had appointed Richard Hyland as Interim Chief Financial Officer, effective January 5, 2005, replacing Carrie Hartwick. The CFO's position was covered by Carrie Hartwick after she was promoted to the CEO position in June 2004. Richard brings to Hartcourt a broad range of expertise in financial management and internal controls. His diversified background is expected to be an invaluable asset to support Hartcourt's anticipated growth in China.

Richard has over 17 years of experiences in strategic planning, financial analysis, mergers and acquisitions, auditing, and financial consulting. Prior to Hartcourt, Richard spent two years working as an independent financial consultant for Hong Kong and Chinese corporations. Before his consulting business, Richard spent 10 years with a financial news organization that at different times was owned by Reuters, Bridge Information System and Knight-Ridder. During which time, Richard served in various financial positions with increased responsibilities, including the CFO of eBridge, and moved across geographic locations from the United Kingdom to Asia Pacific. Before that, Richard spent five years with Deloitte & Touche in the U.K., where he was an Audit Manager.

Richard received his Bachelor of Arts in political science from Nottingham University. He is a U.K. Chartered Accountant (ACA) of the Institute of Chartered Accountants in England & Wales.

Wieder mal im Plus bei den Amis!

Time:                   7 a.m. PST / 10 a.m. EST / 4 p.m. Berlin /
                       11 p.m. Shanghai
Estimated Duration:     Up to one hour
Phone Number:           852-2112-1444
PIN number:             188022#

Participants can enter "*6" on their phone to mute their lines and re-enter "*6" to be off the mute. We ask that non-speaking participants keep their phones at the "mute" status to allow best sound results. All participants can enter "*0" on their phones for off-line operator assistance anytime during the conference call.

Replay:

For those who cannot participate the scheduled call, the recording of the conference call will be available on our web site at www.hartcourt.com under "Investor Relations" starting at 9 a.m. EST on January 24, 2005 for 24 hours.

das sind immer noch günstige Kurse zum sammeln, dass scheinen heute paar ausgenutzt zu haben.
Nächste Woche wirds beim Conference Call sicher neue Infos geben, was HRCT in diesem Jahr so an den Start bringt.

30.12.2004...The Court found that in 1999, the company
violated Sections 5 and 17(a) of the Securities Act of 1933 and Rule 10b-5 under
the Securities Exchange Act of 1934 in connection with sales of securities using
a Form S-8 registration statement.

The Court issued an order directing that civil penalties be imposed against the
company in the amount of $275,000, the amount of $819,363 from the stock sales
be disgorged, and the company be enjoined from future violations of the
securities laws.

The company is currently considering the options available to it.

schliesslich sind 275000.-$ nen Haufen Cash für sone Firma,aber vielleicht haben sie es ja  

zu haben dass HRCT Rücklagen von ca. 1,2 Mio $ extra für diese Klage aufbewahrt hat.
Cash hat HRCT momentan rund 8 Mio$ wenn ich mich da nich irre.
Ich schau da demnächst nochma in den Filings nach.

Man darf diesen Verstoß on HRCT oder vielmehr von Phan, nich überbewerten da Phan bei HRCT nix mehr zu sagen hat und das Management sich stetig verändert.

We have reserved $1,300,000 as a contingent liability on its balance sheet for this litigation and believe that it sufficient to cover the exposure of the litigation.

As shown in our accompanying financial statements, we incurred a net gain of $49,973 and $163,309 for the three and nine months ended September 30, 2004 as compared to a net gain of $514,204 and $790,675 for the same periods in 2003.
und was das mit der Balance und   September 30, 2004      (51,648,566) ist,ist mir nicht ganz klar,aber klingt bedrohlich.Und warum hat Loral International Certified Public Accountants Ende 2004 gekündigt?sehr ungewöhnlich...

die "Cleveren" lassen das lieber.....

So long,
Calexa
www.investorweb.de

HRCT zu diesen Kursen nich im Depot zu haben, wird sich zeigen.
Du wirst keine Aktie dieser Preiskategorie finden, bei der es nichts auszusetzen gibt.
Ich sehe aber neben den sicherlich vorhandenen Risiken, enorme Chancen für den Wert.
Wie es sich letztlich entwickelt werden die nächsten Monate zeigen.

Für mich ist HRCT ein klassischer Turnaround-Kandidat für 2005, denn wir bewegen uns hier um das 52-Wochentief obwohl HRCT fundamental besser ausgerichtet ist als in der Vergangenheit.

Gruß

gibt News!!

2004. The price level for low-end branded desktop computers in China declined to
that of non-branded DIY desktops, taking a substantial share of the market away
from existing DIY business. Meanwhile, the pricing for notebook computers
continued to erode significantly, leading to notebook computers becoming an
attractive alternative to desktop computers. These factors have caused a rapid
decline in market share of the entire DIY segment. Hartcourt's DIY business has
recently suffered sales decline and substantial margin erosion in line with the
rest of industry. Hartcourt currently has a 50.5% equity interest in a leading
DIY chain store in Shanghai, for which it paid a substantial premium above the
market value in 2003 in order to gain entry into the business. A final agreement
is expected to be reached in the first quarter of 2005. Hartcourt will likely
suffer a loss upon the sale of its ownership interest.

Hartcourt acquired a 51% equity interest in Challenger, a second-tier
distributor of IBM products, at the end of 2003. Most of the consideration paid
by Hartcourt for this acquisition consisted of shares of Hartcourt common stock.
Due to a decline in its share price over the past year, Hartcourt has had to
issue an additional 22 million shares to the minority owners of Challenger in
order to maintain its 51% equity interest pursuant to the terms of the original
purchase agreement. While Hartcourt's IBM distribution business had steady
growth in revenue in 2004, the minority owner/manager of the business has
refused to upgrade Challenger's accounting system and has declined to develop an
end-user customer base, which Hartcourt believes has rendered the business
vulnerable to competition from first-tier and third-tier distributors. In
addition, Challenger has been negatively impacted by IBM's decision during 2004
to flatten its distribution channel in China. With the sale of IBM's worldwide
PC business to Lenovo, and in view of the existing efficient and effective
Lenovo distribution network in China, Hartcourt believes that Challenger's value
in the supply chain could rapidly diminish in the near term. Hartcourt's Board
of Directors has concluded that the business will likely not be able to generate
a favorable return on Hartcourt's investment and has authorized the disposition
of the Company's interest in Challenger. Negotiations are underway with the
original owners of the company to dissolve the current investment arrangement.

China's IT sales are forecasted to reach US$32 billion in 2005 and are expected
to continue to grow at a compound annual rate of 15% through 2008, according to
a report by IDC. Hartcourt believes that its strategy of focusing on
high-profit, high-growth IT businesses will allow it to benefit from this
exciting growth opportunity and help bring China's future growth into the
present. The key to the Company's success, however, will be in positioning
itself to participate in profitable and growth-oriented segments of the Chinese
IT industry. To this end, Hartcourt believes that it is imperative that the
Company make the transition now to a high-profit and high-growth-oriented
portfolio of IT businesses. While the Company may experience short-term
financial performance setbacks, Hartcourt believes that its strategy of focusing
on higher margin segments of the Chinese IT market will lead to a significant
improvement on the return on investment for its shareholders.


Gruß,

Brummbär

noch konkreteres geben was 2005 angeht.
Partnerschaft mit Shenzhen is ein guter Schritt nach vorn.

tut sich nix, gute Gelegenheit günstig reinzukommen.
Wenn der Kurs in FRA unter 0,1€ fällt schlag ich eventuell nochmal zu.
So schlimm isses um HRCT auch nich, immerhin noch profitabel, und Jahresumsatz um die 220 Mio$.

bei W:O und ragingbull wird eigentlich nur noch gebasht. Kein Wunder, die meisten Leute haben mit HRCT immer nur verlorn.
Aber die schlechte Stimmung kann man nutzen und einsteigen.
Den Fehler den viele machen ist, dass sie erst kaufen wenn der Zug schon abgefahren is.
Man muß kaufen wenn keiner ans kaufen denkt, wer will nich bei nem Turnaround von Anfang an dabei sein.

dass sie zwei ihrer Firmen mit Verlust( Do-It-Yourself (DIY)und Challenger) aufgeben und eine "strategische Allianz" mit Shenzen Capital Group gebildet haben,naja nennt man das jetzt so? Schon letztes Jahr waren ihre Gewinne so stark reduziert wegen der Abgabe von unrentablen Betrieben,Die kriegen ja auch den Hals nicht voll...und dann immer gegen Unmengen neuer Aktien.Da kann man sich doch ausrechnen wie der nächste Report aussieht,was nützen da die hochtrabenden Pläne mit high-profit, high-growth IT businesses ???
www.pinksheets.com/quote/news.jsp?symbol=HRCT

klar waren die Gewinnmargen bisher nicht hoch, aber es ist noch nich zu spät den Businessplan zu ändern.
Meiner Meinung hat HRCT im letzten Jahr zu viele Aquisitionen getätigt, die sie gar nich richtig verarbeitet haben.
Aber HRCT is noch lange nich am Ende, Kursziel für dieses Jahr 0,5$

Hartcourt Completed Control Tech Acquisition
Thursday February 24, 6:30 am ET


SHANGHAI, CHINA--(MARKET WIRE)--Feb 24, 2005 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009) today announced that it has completed the acquisition of Control Tech. Beginning March 1, 2005, Control Tech's financial statements will be consolidated and reported under Hartcourt. Hartcourt believes that the acquisition of Control Tech is in line with its business strategy to move into attractive, value-added segments of the fast-growing China IT industry.
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Control Tech is a leading distributor and professional service provider in the interactive/multimedia industry in China. Control Tech is the key distributor and marketing partner of Radvision and ClearOne in China, specializing in the distribution of video and audio conferencing equipment and providing multimedia communication services, as well as related after-sale services, with sales channels covering all of China. Control Tech experienced 34% revenue growth in 2004 and is expected to double that growth in 2005.

The acquisition of Control Tech by Hartcourt was paid for in shares of Hartcourt common stock, and the total number of shares delivered at closing was adjusted up to 19.6 million shares of Hartcourt common stock from 8.5 million pursuant to a purchase price adjustment provision of the acquisition agreement to reflect the decrease in Hartcourt's share price.

Mr. Li Yi Zheng, Director of Control Tech, comments, "We are excited about being a part of Hartcourt family of companies. The Hartcourt resources will significantly strengthen our competitive position as we aggressively expand our presence in the multimedia communication market in China."





damit sollte HRCT seine Gewinnmargen verdoppeln können.
Control Tech soll in 2005 100% wachsen.

All 13,769,156 of the redeemed Hartcourt shares are to be canceled, which amounted to 8% of Hartcourt's total outstanding common stock on December 31, 2004.

About Hartcourt

Hartcourt is an investment and management company that conducts its business in China's IT industry. Further information regarding its operations can be found on its web site: www.hartcourt.com.

Forward-looking statement

The statements made in this press release that are not historical facts may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are based on certain assumptions by management and are subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, timely introduction and acceptance of new products, receipt of revenues and other factors, many of which are beyond the control of the company. This information should be read in conjunction with the Company's most recent quarterly and annual reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company's business including risks and uncertainties that may affect future results. The company disclaims any obligation to update information contained in any forward-looking statement.




Damit dürfte HRCT seine Gewinnmargen steigern, wenn sie noch Bejing Challenger abgeben dann wären sie die unrentablen Bereiche los.
Dann könnte es wieder abgehen.

The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009) today announced that the SEC litigation shadowing the Company for much of the last two years is finally over with the entry of final judgment on March 11, 2005. The SEC litigation arose out of a 1999 securities offering by the Company conducted by former Hartcourt management. The court found that the Company violated the antifraud and registration provisions of the securities laws in connection with those transactions. The judgment imposed a total monetary judgment including a fine and disgorgement of $1.1mm in addition to other terms. While the potential financial impact of this SEC lawsuit was accrued in the 2003 financial statements, the Company has been actively seeking cash resources to pay the judgment.

With new management and a new board of directors installed in the second half of 2004, the Company has divested its unprofitable businesses, engaged competent auditors and retained reputable law firms to advise it in connection with its daily business operations. Now with the SEC litigation over, the Company is finally able to move beyond its past and focus all of its resources to develop the next stage of its China business. The Company is actively engaged in acquisition talks with a number of prospective candidates and looks forward to bring the value back to Hartcourt and its investors.

The Company wishes to thank its loyal shareholders for their unwavering support in this difficult period of time. Management will hold another investor conference call prior to the release of its 2004 annual report. The specific time schedule will be announced in due course.

About Hartcourt

Hartcourt's achievements and operations can be found on its web site: www.hartcourt.com

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

Hartcourt Penetrates Notebook Distribution Market Through Leading Consumer Electronic Mega-Store
Monday March 21, 6:30 am ET


SHANGHAI, CHINA--(MARKET WIRE)--Mar 21, 2005 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009) today announced that Hartcourt, through its operating subsidiary, has successfully launched notebook computer sales in Yongle (www.yongle.com.cn), a leading consumer electronic mega-store in China.
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In the fast-evolving consumer electronic market in China, consumers are rapidly shifting their shopping preferences to mega-stores, similar to those of Best Buy in the North America, away from independent retailers in the once popular PC malls. To capture this new spending trend, Huaqing, a unit of Hartcourt, bundled Samsung notebook with China Unicom's wireless Internet card as a package deal to sell in the 38 mega-stores of Yongle Electronics in Shanghai, a city with more than 20 million in population. The package deal comes with consumer financing in the form of monthly installment payments, making the purchase of a notebook more affordable to the average Chinese consumers. While consumer financing is well developed and widely used in the Western counties, it is a relatively new marketing and financing tool in China.

Since Hartcourt launched its bundled notebook sales on December 20, 2004, in Yongle, Samsung notebook sales quickly rose to account for approximately 20% of store revenues in the notebook category in the first two months of 2005. Hartcourt management believes that the key factors to the success of the sales campaign are the bundling of products from two well-known name brands and selling them through a leading consumer retail chain, in addition to the attractive pricing and monthly installment payment plan available. Samsung is not only a world consumer electronic giant but a market leader in China as well. China Unicom (www.chinaunicom.com.cn) is the fourth-largest telecom operator in China, specializing in the mobile phone market as well as call and data communication and other value added telecom services. Hartcourt, through its operating subsidiary, is a key sales and marketing partner of Samsung notebook and monitors with exclusive distribution rights in Shanghai.

Mr. Li Zheng Zheng, General Manager of Hartcourt subsidiary Huaqing, said, "We are very proud in initiating this innovative sales program. We will forge similar partnerships with other leading consumer electronic retailers in this vast Shanghai market to multiply our success story. We will continue to find creative ways to increase our market share, deepen the sales penetration and at the same time reduce our distribution cost."

About Hartcourt

Hartcourt is an investment and management company that conducts its business in China's IT industry. Further information regarding its operations can be found on its web site: www.hartcourt.com

es wird sich wieder eingedeckt, so schnell kanns gehen, von heute auf morgen.

Kurse 0,115€ schon, da kaufen Leute schon über Parität.
Gut das ich das Problem nich hab :)

Ma schaun wies in USA weitergeht, haben ja auf Tageshoch gestern geschlossen.

gehandelt, schon 0,12€

das sind schon 50% an zwei Tagen, die Woche lässt sich gut an.

das kann ja was werden.
Volumen über 3 Mio in Usa.
HRCT die Rakete der letzten beiden Tage und hoffentlich auch der nächsten.

so werde ich morgen wohl die 100% voll machen. Verkaufen werde ich aber noch lange net ;-).
Greetz

30-40 Cent sind durchaus zu erwarten, oder was meint Ihr?

aber wenn man sich das so anschaut, kommt einem diese Idee. Abwarten, sich mal überraschen lassen! Mal Amerika ablauschen.....

doch auch ich hab welche und hoffe natürlich dass sie steigen, vorallem nach der lösung mit der sec.
doch oft schon träumt man von xxx% und dann geht´s wieder in den keller.

aber wer nix wagt der nix gewinnt.  Wer Nummer sicher will, legt seine Knete auf ein Sparbuch gelle Sackbauer ;-))))).

der Kurs gibt heut nach, liegt wohl daran das das Tickersymbol neuerdings ein "E aufweist.
Jrdoch weiß momentan keiner, ob das ein Fehler ist oder nicht.
Denn HRCT hat keine Frist was die Zahlen angeht verletzt.

Ma schaun, vielleicht wird die Sache im Laufe des Tages geklärt.

heut ist hartcourt, hab mit der schon gehandelt, als sie bei 2 euro war - hab vorgestern wieder welche gekauft, und vielleicht seh ich irgendwann wieder mal 2 euro pro stück, wie heist im lotto - alles ist möglich, gelle rotgrün

Ich verkaufe nix, laß die Zitterhände ruhig verkaufen ;-)).

unter 0,10€ fällt würd ich nochma nachlegen, sofern die Zahlen nich übel sind.

Mal sehen wo die heute drüben schließen.....

heute, ein richtiger Ausverkauf ist das nicht, höchstens paar Gewinnmitnahmen oder die typischen OTC-Spielereien.

das manche ihr Investment in HRCT anscheinend von nem "E" abhängig machen.
Da sind aber einige böse auf die Nase gefallen, grad die die D über Parität gekauft haben und dann verkauft haben.
Jetz müssen se wieder mehr bezahlen...

http://biz.yahoo.com/iw/050323/083261.html

 

Erroneous "E" Status for The Hartcourt Companies Ticker Symbol
Wednesday March 23, 11:37 am ET

SHANGHAI, CHINA--(MARKET WIRE)--Mar 23, 2005 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009), today announced that upon confirmation with the OTC Listing Qualification Department, the "E" symbol on "HRCT.OB" is an error. OTC has already made the correction in its system and it will be reflected on OTC web site's "Daily list" at 2pm EST. Since trading status cannot be changed during trading hours, the "E" symbol will come off after the market is closed.

den Handel doch sehr negativ beeinflusst und kann erst jetz nach Börsenschluss wieder gelöscht werden.
Is schon blöd, denn nach den letzten beiden guten Tagen kam dadurch wieder Unsicherheit in den Handel und das völlig unnötig.

Report on Form 10-QSB
For quarter ended
September 30, 2004,  dürfte wohl mehr als überfällig sein!denn wie kommt man denn auf die Pinksheets?

wieso überfällig, auf der Homepage der SEC steht das das letzte Quartal am 9. November veröffentlicht wurde, somit ist HRCT im Zeitplan und morgen ohne "E".

wohl der Wunschgedanke.

Aber man kann nich alles haben, vielleicht solltest du die Aktie etwas objektiver beurteilen, HRCT ist auf nem aufsteigenden Ast.

rein. Volumen is auch ok, ma schaun wie der Kurs auf die baldigen Zahlen reagieren wird.

der preisfuchs :-)

weil ich mit viel höheren Kursen rechne.
Mal sehen wo die in 6 Monaten sind ;-)
Greetz

ein glück, da kann ja gar nix mehr schiefgehen ;-)

Hartcourt Has Paid the SEC Judgment in Full

SHANGHAI, CHINA, Apr 13, 2005 (MARKET WIRE via COMTEX) -- The Hartcourt
Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009) today announced that on April
12, Hartcourt paid the remaining balance of the $1.1 million SEC judgment. As
such, the Company has fully wrapped up the SEC case and is moving full speed
ahead to the next phase of growth through acquisition of high growth and high
profit margin technology companies in China.

nicht gut aus!!!! Ca. 15 Mio Verlust!!!
http://biz.yahoo.com/e/050415/hrct.ob10ksb.html

"Since we have disposed of all but one of our operating subsidiaries during 2004 ..."
die erhöhten Unkosten rührten von den Firmen die sie jetzt aufgegeben haben
"In view of the pending sale of IBM worldwide PC business to Lenovo, the dominant Chinese PC maker, and the numerous operating issues faced in managing the Challenger business, we concluded that the business will likely not be able to generate a favorable return on our investment and that we should dispose the Challenger investment usw....

Habe hier mal über Hartcourt gelesen - bin neugierig...
Kann sich ein Einstieg lohnen?
Was sagen die Spezialisten?

die investierten sagen: ja, die ehemaligen und gebrannten: nein
Ich rate hier wenn überhaupt nur Money reinstecken dass für ewige Zeiten liegen bleiben kann und die Möglichkeit eines Totalverlustes ist auch gegeben. Nur meine Meinung, lasse meine liegen bis Sie richtig Kohle bringen oder bis Sie schwarz geworden sind;-)

Danke für Deine rasche Antwort!
...vielleicht wage ich es ja auch mal und warte einfach mal ab, was passiert...

bist Du schon rein? Haben gestern auf Tageshoch geschlossen mit insgesamt +10%, stehen jetzt bei 0,099 U$Cent
Gruß Hausi

..ja....ich war rein und warte nun.... ;-)Bin schon gespannt, was heute passiert, da
der Schlußkurs am Freitag in New York bei USD 0,11 ( = + 29,41% ) lag!!!!!!
:-))))))

Nach langer Durststrecke scheint es wieder etwas aufwärts zu gehen. Zumindest ist ein Hoffnungsschimmer zu erkennen. Hier die Zahlen :

Hartcourt Reports Projected 2005 Transitional Period Results

SHANGHAI, CHINA, Aug 30, 2005 (MARKET WIRE via COMTEX) -- The Hartcourt
Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), today announced the
highlights of projected operating results for the transitional period ended May
31, 2005.

Revenue was $19.7 million for the transitional period, with over 90% of sales
coming from Samsung computer products sold in the Shanghai region and the
remaining sales coming from multimedia products sold in China. Revenue increased
28%, compared to last year same period, same geographic area. Samsung notebook
sales was the primary contributing factor representing our successful launch of
notebook sales into the consumer space.

Gross margin was 6.3% or $1,237K for the transitional period, more than doubled
compared to the same period a year ago. The better gross margin was a result of
favorable product mix with addition of multimedia sales.

Operating income (EBITDA) was $375K, or 3.3% for the transitional period,
compared to a loss of $420K or -1.4% same period last year. The improved
operating income resulted from higher gross margin and lower operating expenses.
Net income was $123K, or 0.6% compared to $29K, or 0.1% a year ago.

Hartcourt experienced overall improvement of liquidity. Current ratio for the
transitional period was 1.48 compared to 1.37 a year ago.



Hoffen wir mal das die so weiter machen. Vielleicht haben wir sie ja zu früh abgeschrieben.

Gruß an alle Hartcourt - Treuen

Brummbär