Die Harten kaufen Hartcourt (900009)

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

http://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!  

Diskutiert werden die Jahreszahlen und neue strategische Initiativen.

Ich denke man kann nächste Woche mit mehr Volumen und Bewegung im Kurs rechnen.
Vielleicht werden ja neue Aquisitionen angekündigt.


HRCT 0.130   N/A  

Today 5 Dy 1 Mo 3 Mo 1 Yr 5 Yr



Hartcourt -- 1st Investor Conference Call Invitation
Friday, January 21, 2005 7 a.m. Pacific / 10 a.m. Eastern / 4 p.m. Berlin / 11 p.m. Shanghai SHANGHAI, CHINA - MARKET WIRE - 01/14/05
The Hartcourt Companies, Inc. (OTC BB: HRCT), (Frankfurt: 900009), today announced that Hartcourt will hold its first investor conference call on Friday, January 21, 2005. The call will begin promptly at 7 a.m. PST, 10 a.m. EST, 4 p.m. Berlin and 11 p.m. Shanghai time. The conference call, which is more effective and real time communication with the Hartcourt investors, will replace the previous website posting of Q&A.

Speaking from Hartcourt Shanghai headquarter, senior management will discuss the 2004 operating results, the implementation of new strategic initiatives as well as other on going matters. The management discussion will take half an hour with the remaining time devoted to Q&A.

In order to answer investor questions in the most efficient manner, please email your questions to ir@hartcourt.com prior to the conference call.

Call Instructions:

Please dial the number below before the conference call begins (Note: This is an international call to Hong Kong. This is not a tool-free number).

Date:                   January 21, 2005
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!!  

SHANGHAI, CHINA, Jan. 20, 2005 (MARKET WIRE via COMTEX) --

The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009) ("Hartcourt" or the
"Company") today announced that it has signed a memorandum of understanding to
enter into a strategic alliance with Shenzhen Capital Group Co, Ltd., one of the
largest investment holding companies in China. Shenzhen Capital has invested
more than 3 billion RMB in Chinese companies in the high-growth segments of the
Chinese high tech market. Hartcourt management believes that the strategic
alliance will be a win-win arrangement for the two companies. Pursuant to the
strategic alliance, Hartcourt hopes to accelerate its growth in China by gaining
access to Shenzhen Capital's extensive investment network, which includes many
investments in high-growth Chinese IT companies. Shenzhen Capital's IT company
holdings would in turn benefit from Hartcourt's access to US and German capital
markets. In addition, both companies plan to work closely together in the areas
of investment financing, management and human resources development.

As part of its strategy to shift its operations to high-profit, high-growth
segments of the Chinese IT market, Hartcourt also intends to divest its
operations in low-value, low-margin segments of the market. In line with this
strategy, Hartcourt's Board of Directors has authorized the sale of its
Do-It-Yourself (DIY) business back to the original owners. China's computer DIY
market, in which retail stores assemble desktop computers immediately upon
customer request, experienced a significant downturn in the fourth quarter of
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 ???
http://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.
ADVERTISEMENT


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.  

Hartcourt Announces Redemption of 13,769,156 Shares of Common Stock in Exchange for Cancellation of Note Receivable
Thursday March 3, 7:00 am ET

SHANGHAI, CHINA--(MARKET WIRE)--Mar 3, 2005 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009) today announced that it entered into agreements with Guangdong New HuaSun and Shenzhen Raiser, pursuant to which Hartcourt redeemed 13,769,156 shares of its common stock held by New HuaSun, New HuaSun redeemed a 45% equity interest, and Hartcourt released Shenzhen Raizer of its obligation on a $3,403,150 promissory note payable to Hartcourt. The promissory note was guaranteed by Shenzhen WuBo, which was a party to the cancellation agreement and released of its guarantee pursuant thereto. All three parties are Chinese corporations.

ADVERTISEMENT
The transactions reversed a series of investments in 2003 and 2004 that resulted in the respective securities holdings. On April 24, 2003, Hartcourt purchased a 45% equity stake in New HuaSun, a Samsung monitor distributor in Guangdong province, paid for entirely by the issuance of 13,769,156 shares of restricted Hartcourt common stock. In addition, the Company obtained 10% equity voting rights through proxy statements from one of New HuaSun's shareholders. This voting agreement was canceled on July 1, 2004, when Hartcourt in principle ended its investment agreement with New HuaSun. On August 30, 2004, Hartcourt sold its 45% equity interest in New HuaSun to Shenzhen Raizer for a promissory note in the amount of US$3,403,150.

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.

 

HRCT hat seine Schuld gegenüber der SEC beglichen, damit ist die Verschuldung von Phan beigelegt, er hat bei HRCT eh nix mehr zu melden.
HRCT seit Mitte 2004 mit neuem Management und neuer Marschroute.

In den News steht das HRCT weitere Aquisitionen plant um HRCT wieder auf Wachstumskurs zu führen.
Und da wird bald was riesiges kommen, Control Tech wurde schon vor kurzem als Wachtumsfirma übernommen.

Wer jetz zu Kursen um die 0,07€ reingeht, kann auf Jahressicht meiner Meinung nach viele Prozente mitnehmen, und zu diesen Kursen is HRCT viel sicherer als z.B die deutschen Insolvenszocks, die hier angepriesen werden.

HRCT letztes Jahr noch bei 0,65€, jetz 0,07$ ein Schnäppchen, Turnaround wird auch hier bald einsetzen, könnte der nächste Toppick anner OTC werden.
Hier die News:

Completion of SEC Litigation & Move On to Next Stage of Growth
SHANGHAI, CHINA - MARKET WIRE - 03/17/05
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