2025 Q3 -tulosraportti
94 päivää sitten
‧15 min
Tarjoustasot
Määrä
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-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 2 | - | - | ||
| 99 | - | - | ||
| 4 | - | - | ||
| 25 | - | - | ||
| 28 | - | - |
Ylin
6,18VWAP
Alin
5,64VaihtoMäärä
2,2 367 874
VWAP
Ylin
6,18Alin
5,64VaihtoMäärä
2,2 367 874
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 367 874 | 367 874 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 367 874 | 367 874 | 0 | 0 |
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2025 Q4 -tulosraportti 31.3. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2025 Q1 -tulosraportti 30.5.2025 | ||
2024 Q4 -tulosraportti 28.2.2025 | ||
2024 Q3 -tulosraportti 29.11.2024 |
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·1 päivä sittenI believe this is realistic for 2026: I believe we can reach 500 mill USD in AUM with 2/20 TradFi (Excluding Byzantine, Syntetika, Enigma) Hilbert Group – potential 2026 (simplified calculation) Assumptions: • AUM 2026: 500 mill USD • Fee model: 2 % management + 20 % performance • Annual fixed costs: 5 mill USD • Currency: 1 USD ≈ 10 SEK • Number of shares: approx 113 mill Revenues: • Management fee: 2 % of 500 mill = 10 mill USD • Performance fee (20 % return): 20 mill USD → Total revenues: 30 mill USD Costs: • Fixed cost base: 5 mill USD Annual result: • 30 – 5 = 25 mill USD • ≈ 250 mill SEK in net profit Theoretical valuation 2026: • PE 10 → approx 22 SEK per share • PE 12 → approx 26 SEK per share • PE 15 → approx 33 SEK per share • PE 18 → approx 40 SEK per share • PE 20 → approx 44 SEK per share Interpretation: • Base case (PE 12–15): 26–33 SEK • Bull case (PE 18–20): 40–44 SEK Important point: Low, fixed cost base provides strong operational gearing. Every extra AUM-krone largely goes straight to the bottom line. Thoughts? The high price levels probably require BTC return over 100’ However, I see these estimates as very plausible. Both regarding AUM and price estimate (if we reach given AUM and the funds perform)
·6 t sittenI wonder how you arrive at a 5 mill USD fixed cost base. Looking at the 2025 figures, the cost level seems significantly higher, even though it might be due to acquisitions, integration, and growth investments that are not necessarily permanent. Do you assume that a large part falls away with increased AUM? And shouldn't we also include variable costs when we calculate the valuation at the share price?
·4 t sittenIt's probably not exactly free with synthetics. The acquisitions that have happened cost money too, the deals aren't exactly written on McDonald's napkins :)- ·2 päivää sittenBTC may have bottomed out, it can go to 40’ or to 80’ within 2.weeks. My most important focus as a shareholder is that Hilbert continues to deliver on KPI’’s every mnd and eventually becomes profitable. The journey there will naturally be somewhat longer when BTC halves, but the increase in the HILB share price when sentiment turns can be wild, considering that they consistently deliver on increased AUM (more in dd Pipen) and Performance in a bear market for all peers. Syntetika (just my opinion) will probably, and something I hope, only do TGE when sentiment turns. Macro unrest for crypto and the global picture generally. HIlbert stands steadfast even if the share price is punished by sentiment.
·2 päivää sittenThe KPIs tell very little without an absolute number, especially regarding AUM +45%. I have looked through last year's q reports and the only absolute number for 2/20 I can find is 110Musd from LRC - and from q2 Hilbert should get full effect of this, but revenue from fees does not align with 110Musd, so I wonder if some investors here withdrew their lapital in the integration between LRC and Hilbert. That seems most plausible, but the company has not reported anything about it. Another good point is how much of this 45% increase is due to new inflows and how much is due to fund performence? It would have been useful to know more about. It's understandable that Hilbert does not show absolute numbers until it reaches a certain size, but there are still some matters that are a bit unclear. I have a theory that it was perhaps 40Musd after the LRC integration, then comes a +35% increase in AUM from Q3, and a +45% increase there again in January could possibly give a 2/20 AUM of 80 ish Musd!? Has anyone given this some thought? Other asset managers (admittedly well-established) provide a very good overview of their AUM and their fee struktur, so I have a clear expectation that they will present this for q4, as well as how much of the 200+Musd pipeline has materialized. There is still a way to go for Hilbert regarding transperans ok communication. I look forward to q4 anyway, and bet on them showing the important absolute numbers.·2 päivää sittenI think synthetics will generate regardless, so a launch within reasonable limits of what they have communicated should be expected. At least with some products! I believe they themselves see that good clarification in AUM on different fee structures is needed and that we can expect this in the Q4 report. With a potential US listing, clear comm and good transperans are utrlolig important, and vague messages without absolutes I assume will not be very well received. I'm betting on the mnd KPI initiative coming with clearer communication, so we investors can calculate better instead of guessing. 
3 päivää sitten3 päivää sittenTämä julkaisu on poistettu.
·3 päivää sitten31. March. It is postponed and it was explained many weeks ago.
·26.2.Now something is happening..... :)
·26.2.Now it is important that the price manages to establish itself around 6. Then we'll cross our fingers that the company will deliver going forward and that one can see a price around 7 within 6-12 months? I believe in it.
25.2.25.2.Wait, Btc is up and Hilbert down? Who would’ve thought..
·25.2.Otherwise an extended triple bottom at 300, that was probably the best buy one could make based on technical analysis 😂😂
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q3 -tulosraportti
94 päivää sitten
‧15 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·1 päivä sittenI believe this is realistic for 2026: I believe we can reach 500 mill USD in AUM with 2/20 TradFi (Excluding Byzantine, Syntetika, Enigma) Hilbert Group – potential 2026 (simplified calculation) Assumptions: • AUM 2026: 500 mill USD • Fee model: 2 % management + 20 % performance • Annual fixed costs: 5 mill USD • Currency: 1 USD ≈ 10 SEK • Number of shares: approx 113 mill Revenues: • Management fee: 2 % of 500 mill = 10 mill USD • Performance fee (20 % return): 20 mill USD → Total revenues: 30 mill USD Costs: • Fixed cost base: 5 mill USD Annual result: • 30 – 5 = 25 mill USD • ≈ 250 mill SEK in net profit Theoretical valuation 2026: • PE 10 → approx 22 SEK per share • PE 12 → approx 26 SEK per share • PE 15 → approx 33 SEK per share • PE 18 → approx 40 SEK per share • PE 20 → approx 44 SEK per share Interpretation: • Base case (PE 12–15): 26–33 SEK • Bull case (PE 18–20): 40–44 SEK Important point: Low, fixed cost base provides strong operational gearing. Every extra AUM-krone largely goes straight to the bottom line. Thoughts? The high price levels probably require BTC return over 100’ However, I see these estimates as very plausible. Both regarding AUM and price estimate (if we reach given AUM and the funds perform)·6 t sittenI wonder how you arrive at a 5 mill USD fixed cost base. Looking at the 2025 figures, the cost level seems significantly higher, even though it might be due to acquisitions, integration, and growth investments that are not necessarily permanent. Do you assume that a large part falls away with increased AUM? And shouldn't we also include variable costs when we calculate the valuation at the share price?·4 t sittenIt's probably not exactly free with synthetics. The acquisitions that have happened cost money too, the deals aren't exactly written on McDonald's napkins :)
- ·2 päivää sittenBTC may have bottomed out, it can go to 40’ or to 80’ within 2.weeks. My most important focus as a shareholder is that Hilbert continues to deliver on KPI’’s every mnd and eventually becomes profitable. The journey there will naturally be somewhat longer when BTC halves, but the increase in the HILB share price when sentiment turns can be wild, considering that they consistently deliver on increased AUM (more in dd Pipen) and Performance in a bear market for all peers. Syntetika (just my opinion) will probably, and something I hope, only do TGE when sentiment turns. Macro unrest for crypto and the global picture generally. HIlbert stands steadfast even if the share price is punished by sentiment.·2 päivää sittenThe KPIs tell very little without an absolute number, especially regarding AUM +45%. I have looked through last year's q reports and the only absolute number for 2/20 I can find is 110Musd from LRC - and from q2 Hilbert should get full effect of this, but revenue from fees does not align with 110Musd, so I wonder if some investors here withdrew their lapital in the integration between LRC and Hilbert. That seems most plausible, but the company has not reported anything about it. Another good point is how much of this 45% increase is due to new inflows and how much is due to fund performence? It would have been useful to know more about. It's understandable that Hilbert does not show absolute numbers until it reaches a certain size, but there are still some matters that are a bit unclear. I have a theory that it was perhaps 40Musd after the LRC integration, then comes a +35% increase in AUM from Q3, and a +45% increase there again in January could possibly give a 2/20 AUM of 80 ish Musd!? Has anyone given this some thought? Other asset managers (admittedly well-established) provide a very good overview of their AUM and their fee struktur, so I have a clear expectation that they will present this for q4, as well as how much of the 200+Musd pipeline has materialized. There is still a way to go for Hilbert regarding transperans ok communication. I look forward to q4 anyway, and bet on them showing the important absolute numbers.·2 päivää sittenI think synthetics will generate regardless, so a launch within reasonable limits of what they have communicated should be expected. At least with some products! I believe they themselves see that good clarification in AUM on different fee structures is needed and that we can expect this in the Q4 report. With a potential US listing, clear comm and good transperans are utrlolig important, and vague messages without absolutes I assume will not be very well received. I'm betting on the mnd KPI initiative coming with clearer communication, so we investors can calculate better instead of guessing.
- 3 päivää sitten3 päivää sittenTämä julkaisu on poistettu.·3 päivää sitten31. March. It is postponed and it was explained many weeks ago.
- ·26.2.Now something is happening..... :)·26.2.Now it is important that the price manages to establish itself around 6. Then we'll cross our fingers that the company will deliver going forward and that one can see a price around 7 within 6-12 months? I believe in it.
- 25.2.25.2.Wait, Btc is up and Hilbert down? Who would’ve thought..·25.2.Otherwise an extended triple bottom at 300, that was probably the best buy one could make based on technical analysis 😂😂
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 2 | - | - | ||
| 99 | - | - | ||
| 4 | - | - | ||
| 25 | - | - | ||
| 28 | - | - |
Ylin
6,18VWAP
Alin
5,64VaihtoMäärä
2,2 367 874
VWAP
Ylin
6,18Alin
5,64VaihtoMäärä
2,2 367 874
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 367 874 | 367 874 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 367 874 | 367 874 | 0 | 0 |
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2025 Q4 -tulosraportti 31.3. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2025 Q1 -tulosraportti 30.5.2025 | ||
2024 Q4 -tulosraportti 28.2.2025 | ||
2024 Q3 -tulosraportti 29.11.2024 |
2025 Q3 -tulosraportti
94 päivää sitten
‧15 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2025 Q4 -tulosraportti 31.3. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2025 Q1 -tulosraportti 30.5.2025 | ||
2024 Q4 -tulosraportti 28.2.2025 | ||
2024 Q3 -tulosraportti 29.11.2024 |
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·1 päivä sittenI believe this is realistic for 2026: I believe we can reach 500 mill USD in AUM with 2/20 TradFi (Excluding Byzantine, Syntetika, Enigma) Hilbert Group – potential 2026 (simplified calculation) Assumptions: • AUM 2026: 500 mill USD • Fee model: 2 % management + 20 % performance • Annual fixed costs: 5 mill USD • Currency: 1 USD ≈ 10 SEK • Number of shares: approx 113 mill Revenues: • Management fee: 2 % of 500 mill = 10 mill USD • Performance fee (20 % return): 20 mill USD → Total revenues: 30 mill USD Costs: • Fixed cost base: 5 mill USD Annual result: • 30 – 5 = 25 mill USD • ≈ 250 mill SEK in net profit Theoretical valuation 2026: • PE 10 → approx 22 SEK per share • PE 12 → approx 26 SEK per share • PE 15 → approx 33 SEK per share • PE 18 → approx 40 SEK per share • PE 20 → approx 44 SEK per share Interpretation: • Base case (PE 12–15): 26–33 SEK • Bull case (PE 18–20): 40–44 SEK Important point: Low, fixed cost base provides strong operational gearing. Every extra AUM-krone largely goes straight to the bottom line. Thoughts? The high price levels probably require BTC return over 100’ However, I see these estimates as very plausible. Both regarding AUM and price estimate (if we reach given AUM and the funds perform)·6 t sittenI wonder how you arrive at a 5 mill USD fixed cost base. Looking at the 2025 figures, the cost level seems significantly higher, even though it might be due to acquisitions, integration, and growth investments that are not necessarily permanent. Do you assume that a large part falls away with increased AUM? And shouldn't we also include variable costs when we calculate the valuation at the share price?·4 t sittenIt's probably not exactly free with synthetics. The acquisitions that have happened cost money too, the deals aren't exactly written on McDonald's napkins :)
- ·2 päivää sittenBTC may have bottomed out, it can go to 40’ or to 80’ within 2.weeks. My most important focus as a shareholder is that Hilbert continues to deliver on KPI’’s every mnd and eventually becomes profitable. The journey there will naturally be somewhat longer when BTC halves, but the increase in the HILB share price when sentiment turns can be wild, considering that they consistently deliver on increased AUM (more in dd Pipen) and Performance in a bear market for all peers. Syntetika (just my opinion) will probably, and something I hope, only do TGE when sentiment turns. Macro unrest for crypto and the global picture generally. HIlbert stands steadfast even if the share price is punished by sentiment.·2 päivää sittenThe KPIs tell very little without an absolute number, especially regarding AUM +45%. I have looked through last year's q reports and the only absolute number for 2/20 I can find is 110Musd from LRC - and from q2 Hilbert should get full effect of this, but revenue from fees does not align with 110Musd, so I wonder if some investors here withdrew their lapital in the integration between LRC and Hilbert. That seems most plausible, but the company has not reported anything about it. Another good point is how much of this 45% increase is due to new inflows and how much is due to fund performence? It would have been useful to know more about. It's understandable that Hilbert does not show absolute numbers until it reaches a certain size, but there are still some matters that are a bit unclear. I have a theory that it was perhaps 40Musd after the LRC integration, then comes a +35% increase in AUM from Q3, and a +45% increase there again in January could possibly give a 2/20 AUM of 80 ish Musd!? Has anyone given this some thought? Other asset managers (admittedly well-established) provide a very good overview of their AUM and their fee struktur, so I have a clear expectation that they will present this for q4, as well as how much of the 200+Musd pipeline has materialized. There is still a way to go for Hilbert regarding transperans ok communication. I look forward to q4 anyway, and bet on them showing the important absolute numbers.·2 päivää sittenI think synthetics will generate regardless, so a launch within reasonable limits of what they have communicated should be expected. At least with some products! I believe they themselves see that good clarification in AUM on different fee structures is needed and that we can expect this in the Q4 report. With a potential US listing, clear comm and good transperans are utrlolig important, and vague messages without absolutes I assume will not be very well received. I'm betting on the mnd KPI initiative coming with clearer communication, so we investors can calculate better instead of guessing.
- 3 päivää sitten3 päivää sittenTämä julkaisu on poistettu.·3 päivää sitten31. March. It is postponed and it was explained many weeks ago.
- ·26.2.Now something is happening..... :)·26.2.Now it is important that the price manages to establish itself around 6. Then we'll cross our fingers that the company will deliver going forward and that one can see a price around 7 within 6-12 months? I believe in it.
- 25.2.25.2.Wait, Btc is up and Hilbert down? Who would’ve thought..·25.2.Otherwise an extended triple bottom at 300, that was probably the best buy one could make based on technical analysis 😂😂
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 2 | - | - | ||
| 99 | - | - | ||
| 4 | - | - | ||
| 25 | - | - | ||
| 28 | - | - |
Ylin
6,18VWAP
Alin
5,64VaihtoMäärä
2,2 367 874
VWAP
Ylin
6,18Alin
5,64VaihtoMäärä
2,2 367 874
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 367 874 | 367 874 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 367 874 | 367 874 | 0 | 0 |