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  

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. In addition, our current assets exceeded our current liabilities by $10,700,853 as of September 30, 2004.

As of September 30, 2004, we had working capital of US$10,700,853. In addition to our working capital on hand, we intend to obtain needed capital through a combination of bank loans and the sale of our equity securities.

und der Grund für den Absturz scheint ja beigelegt werden zu können:

The Securities and Exchange Commission has filed a complaint for alleged securities violations by Hartcourt. The complaint alleges that Hartcourt illegally used form S-8 registration statement in 1999 to improperly raise capital, and that false and misleading press releases were issued by us from September 9, 1999 through November 18, 1999. The SEC is seeking disgorgement from the Company of approximately $800,000.in civil penalties and interest, as well as an injunction against future security law violations. Court-ordered mediation took place on April 22, 2004, at which the parties were unable to resolve the dispute. A post-mediation status conference occurred on September 1, 2004, at which time the District Court set a trial date of March 29, 2005.

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
http://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?  

http://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