2026 Q2 -tulosraportti
9 päivää sitten
‧16 min
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 111 | - | - | ||
| 180 | - | - | ||
| 39 | - | - | ||
| 61 | - | - | ||
| 46 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 30.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 31.8. | ||
2026 Q1 -tulosraportti 29.5. | ||
2025 Q4 -tulosraportti 31.3. | ||
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 |
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.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·11 t sittenAfter listening to today's Q&A, I must say that I am left with a better impression of Hilbert than I was after Q2. (@Danlars_1982 probably doesn't agree with me)😂 The most important thing for me today was actually liquidity. This was the big concern after the report. Management now states quite clearly that they have at least 12 months of runway, even if AUM does not grow from current levels. They are also not including any new share issue in the plan. They also still say that they expect to be cash positive in Q1 2027, they have said this before but now that they show concrete figures, I believe it is likely that they will be CBE or close to it in Q1 2027. Break-even is around $165–200m in fee-paying AUM, and they believe they are well on their way there with the cost cuts that are now coming. They also said that $50m extra AUM could generate approx. $350–450k in revenue per quarter with current fee levels. It is quite interesting when the cost base is simultaneously going down. Then we have the new areas that I think the market might not be pricing in much of right now. Enigma seems very exciting. They are reportedly quite close to launching this as a separate product, and the strategy has delivered around 50 % annualized over the last three months. Russell was very positive and actually thought that Enigma could eventually become larger than Basis+. Syntetika is already live with just over $10m in BTC Basis+, and more of the committed AUM is planned to transition into fee-paying AUM going forward. Hilbert Finance is currently small, with around $2m in loan book, but the goal is $100m. They also say that the demand from borrowers who are already onboarded is actually greater than this. The limitation is therefore funding, not necessarily demand. What I like about this is that the break-even case is largely based on the core business. They have not included large contributions from Enigma, Syntetika, and Hilbert Finance in this calculation. Then we'll just have to see if they actually manage to deliver on what they say. Because right now, the market's attitude is quite simple: "Prove it." And I think that's actually completely fair. Of course, a lot can still go wrong. Pipeline is not the same as fee-paying AUM, and they actually have to start delivering on cost cuts, AUM, and revenues. But at the same time, I think one must view this against today's market capitalization. At around 260m SEK, quite a lot of disappointment is already priced in. In my eyes, the market is not exactly pricing in that all of this will go according to plan going forward – quite the opposite. And one must not forget that this is still a *growth company*. Yes, Hilbert has communicated poorly, and they have probably paid dearly for that on the stock exchange. It is completely fair to criticize. But if one manages to put the communication blunders aside and actually look at the business development, I think H1 has had a lot of good growth. Fee-paying AUM has grown strongly, fee income has increased significantly, and they have simultaneously built up several new business areas that are now starting to move from the building/cost phase to commercialization. That's why I think it's a bit wrong to value Hilbert as if the company will stand still or continue to lose money at current levels. If one looks a bit ahead and not just at the Q2 figures, I believe a reasonable forward valuation should have been significantly higher than what the share price of around SEK 2 indicates today. That doesn't mean the stock will go straight up. They have to deliver first. But if they actually achieve what they say – increasing fee-paying AUM, lower costs, and cash break-even in Q1 2027 – I think today's valuation looks quite interesting. Personally, I therefore think the Q&A made the risk/reward more interesting than it was before. Now, Q3 is really the test. If they manage to show that costs are actually falling while fee-paying AUM and fee income increase, this starts to become quite interesting at today's share price.
Couldn't agree more! Surprised by the reaction on the forum here after the Q&A, I think the company was transparent and gave clear answers to many of the uncertainties. Hilbert is a small growth company in its early stages and this will take time, but I am more convinced today than I was yesterday. I also realized a significant loss today (tax-wise) but then increased the position by 25%. So I am now ready to sit it out until 2027 🤞
·16 t sittenThe most disappointing stock to hold ever in 2025/2026. A lot of hype, praise and empty talk. Great calculations and huge conditions. Did we learn anything? Well, stick to facts and figures, not wishful thinking and fantasy numbers. If the company is as great as some here claim, they see something no one else sees. Maybe they are right, but so far they have been sadly wrong. For my part, I'm throwing in the towel and never looking back. At least I'll get a small tax deduction as a consolation if nothing else.
Even worse was buying more and more to try to cover a loss. Never trust anything but your own assessments. It's hard not to be influenced by fanatics who spread their well-founded fantasies; sometimes it even sounds quite wise.- ·16 t sittenhttps://www.youtube.com/watch?v=HIbuTzAif8I I recommend everyone to watch the whole thing! I truly believe it's worth it. Best piece of work on numbers and transparency delivered since the company was listed.
·17 t sittenstepped off and into the Eltel share...
- ·18 t sittenMy take after Q&A Good clarity on cost and runway. Sober and orderly guidance. CBE target in Q1, 27 appears plausible. Enigma an enormous x-factor! Synthetics and HF in the starting blocks. 1% gross in performance in August (excellent) US not mentioned. Probably further away given today's market.cap. Cannot grasp today's share price reaction. Truly understand the fall after Q2, but today I would have expected a real rise after Q&A
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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.
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 49 661 | 49 661 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 49 661 | 49 661 | 0 | 0 |
2026 Q2 -tulosraportti
9 päivää sitten
‧16 min
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.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·11 t sittenAfter listening to today's Q&A, I must say that I am left with a better impression of Hilbert than I was after Q2. (@Danlars_1982 probably doesn't agree with me)😂 The most important thing for me today was actually liquidity. This was the big concern after the report. Management now states quite clearly that they have at least 12 months of runway, even if AUM does not grow from current levels. They are also not including any new share issue in the plan. They also still say that they expect to be cash positive in Q1 2027, they have said this before but now that they show concrete figures, I believe it is likely that they will be CBE or close to it in Q1 2027. Break-even is around $165–200m in fee-paying AUM, and they believe they are well on their way there with the cost cuts that are now coming. They also said that $50m extra AUM could generate approx. $350–450k in revenue per quarter with current fee levels. It is quite interesting when the cost base is simultaneously going down. Then we have the new areas that I think the market might not be pricing in much of right now. Enigma seems very exciting. They are reportedly quite close to launching this as a separate product, and the strategy has delivered around 50 % annualized over the last three months. Russell was very positive and actually thought that Enigma could eventually become larger than Basis+. Syntetika is already live with just over $10m in BTC Basis+, and more of the committed AUM is planned to transition into fee-paying AUM going forward. Hilbert Finance is currently small, with around $2m in loan book, but the goal is $100m. They also say that the demand from borrowers who are already onboarded is actually greater than this. The limitation is therefore funding, not necessarily demand. What I like about this is that the break-even case is largely based on the core business. They have not included large contributions from Enigma, Syntetika, and Hilbert Finance in this calculation. Then we'll just have to see if they actually manage to deliver on what they say. Because right now, the market's attitude is quite simple: "Prove it." And I think that's actually completely fair. Of course, a lot can still go wrong. Pipeline is not the same as fee-paying AUM, and they actually have to start delivering on cost cuts, AUM, and revenues. But at the same time, I think one must view this against today's market capitalization. At around 260m SEK, quite a lot of disappointment is already priced in. In my eyes, the market is not exactly pricing in that all of this will go according to plan going forward – quite the opposite. And one must not forget that this is still a *growth company*. Yes, Hilbert has communicated poorly, and they have probably paid dearly for that on the stock exchange. It is completely fair to criticize. But if one manages to put the communication blunders aside and actually look at the business development, I think H1 has had a lot of good growth. Fee-paying AUM has grown strongly, fee income has increased significantly, and they have simultaneously built up several new business areas that are now starting to move from the building/cost phase to commercialization. That's why I think it's a bit wrong to value Hilbert as if the company will stand still or continue to lose money at current levels. If one looks a bit ahead and not just at the Q2 figures, I believe a reasonable forward valuation should have been significantly higher than what the share price of around SEK 2 indicates today. That doesn't mean the stock will go straight up. They have to deliver first. But if they actually achieve what they say – increasing fee-paying AUM, lower costs, and cash break-even in Q1 2027 – I think today's valuation looks quite interesting. Personally, I therefore think the Q&A made the risk/reward more interesting than it was before. Now, Q3 is really the test. If they manage to show that costs are actually falling while fee-paying AUM and fee income increase, this starts to become quite interesting at today's share price.Couldn't agree more! Surprised by the reaction on the forum here after the Q&A, I think the company was transparent and gave clear answers to many of the uncertainties. Hilbert is a small growth company in its early stages and this will take time, but I am more convinced today than I was yesterday. I also realized a significant loss today (tax-wise) but then increased the position by 25%. So I am now ready to sit it out until 2027 🤞
- ·16 t sittenThe most disappointing stock to hold ever in 2025/2026. A lot of hype, praise and empty talk. Great calculations and huge conditions. Did we learn anything? Well, stick to facts and figures, not wishful thinking and fantasy numbers. If the company is as great as some here claim, they see something no one else sees. Maybe they are right, but so far they have been sadly wrong. For my part, I'm throwing in the towel and never looking back. At least I'll get a small tax deduction as a consolation if nothing else.Even worse was buying more and more to try to cover a loss. Never trust anything but your own assessments. It's hard not to be influenced by fanatics who spread their well-founded fantasies; sometimes it even sounds quite wise.
- ·16 t sittenhttps://www.youtube.com/watch?v=HIbuTzAif8I I recommend everyone to watch the whole thing! I truly believe it's worth it. Best piece of work on numbers and transparency delivered since the company was listed.
- ·17 t sittenstepped off and into the Eltel share...
- ·18 t sittenMy take after Q&A Good clarity on cost and runway. Sober and orderly guidance. CBE target in Q1, 27 appears plausible. Enigma an enormous x-factor! Synthetics and HF in the starting blocks. 1% gross in performance in August (excellent) US not mentioned. Probably further away given today's market.cap. Cannot grasp today's share price reaction. Truly understand the fall after Q2, but today I would have expected a real rise after Q&A
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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 |
|---|---|---|---|---|
| 111 | - | - | ||
| 180 | - | - | ||
| 39 | - | - | ||
| 61 | - | - | ||
| 46 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 30.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 31.8. | ||
2026 Q1 -tulosraportti 29.5. | ||
2025 Q4 -tulosraportti 31.3. | ||
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 |
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 49 661 | 49 661 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 49 661 | 49 661 | 0 | 0 |
2026 Q2 -tulosraportti
9 päivää sitten
‧16 min
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: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 30.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 31.8. | ||
2026 Q1 -tulosraportti 29.5. | ||
2025 Q4 -tulosraportti 31.3. | ||
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 |
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·11 t sittenAfter listening to today's Q&A, I must say that I am left with a better impression of Hilbert than I was after Q2. (@Danlars_1982 probably doesn't agree with me)😂 The most important thing for me today was actually liquidity. This was the big concern after the report. Management now states quite clearly that they have at least 12 months of runway, even if AUM does not grow from current levels. They are also not including any new share issue in the plan. They also still say that they expect to be cash positive in Q1 2027, they have said this before but now that they show concrete figures, I believe it is likely that they will be CBE or close to it in Q1 2027. Break-even is around $165–200m in fee-paying AUM, and they believe they are well on their way there with the cost cuts that are now coming. They also said that $50m extra AUM could generate approx. $350–450k in revenue per quarter with current fee levels. It is quite interesting when the cost base is simultaneously going down. Then we have the new areas that I think the market might not be pricing in much of right now. Enigma seems very exciting. They are reportedly quite close to launching this as a separate product, and the strategy has delivered around 50 % annualized over the last three months. Russell was very positive and actually thought that Enigma could eventually become larger than Basis+. Syntetika is already live with just over $10m in BTC Basis+, and more of the committed AUM is planned to transition into fee-paying AUM going forward. Hilbert Finance is currently small, with around $2m in loan book, but the goal is $100m. They also say that the demand from borrowers who are already onboarded is actually greater than this. The limitation is therefore funding, not necessarily demand. What I like about this is that the break-even case is largely based on the core business. They have not included large contributions from Enigma, Syntetika, and Hilbert Finance in this calculation. Then we'll just have to see if they actually manage to deliver on what they say. Because right now, the market's attitude is quite simple: "Prove it." And I think that's actually completely fair. Of course, a lot can still go wrong. Pipeline is not the same as fee-paying AUM, and they actually have to start delivering on cost cuts, AUM, and revenues. But at the same time, I think one must view this against today's market capitalization. At around 260m SEK, quite a lot of disappointment is already priced in. In my eyes, the market is not exactly pricing in that all of this will go according to plan going forward – quite the opposite. And one must not forget that this is still a *growth company*. Yes, Hilbert has communicated poorly, and they have probably paid dearly for that on the stock exchange. It is completely fair to criticize. But if one manages to put the communication blunders aside and actually look at the business development, I think H1 has had a lot of good growth. Fee-paying AUM has grown strongly, fee income has increased significantly, and they have simultaneously built up several new business areas that are now starting to move from the building/cost phase to commercialization. That's why I think it's a bit wrong to value Hilbert as if the company will stand still or continue to lose money at current levels. If one looks a bit ahead and not just at the Q2 figures, I believe a reasonable forward valuation should have been significantly higher than what the share price of around SEK 2 indicates today. That doesn't mean the stock will go straight up. They have to deliver first. But if they actually achieve what they say – increasing fee-paying AUM, lower costs, and cash break-even in Q1 2027 – I think today's valuation looks quite interesting. Personally, I therefore think the Q&A made the risk/reward more interesting than it was before. Now, Q3 is really the test. If they manage to show that costs are actually falling while fee-paying AUM and fee income increase, this starts to become quite interesting at today's share price.Couldn't agree more! Surprised by the reaction on the forum here after the Q&A, I think the company was transparent and gave clear answers to many of the uncertainties. Hilbert is a small growth company in its early stages and this will take time, but I am more convinced today than I was yesterday. I also realized a significant loss today (tax-wise) but then increased the position by 25%. So I am now ready to sit it out until 2027 🤞
- ·16 t sittenThe most disappointing stock to hold ever in 2025/2026. A lot of hype, praise and empty talk. Great calculations and huge conditions. Did we learn anything? Well, stick to facts and figures, not wishful thinking and fantasy numbers. If the company is as great as some here claim, they see something no one else sees. Maybe they are right, but so far they have been sadly wrong. For my part, I'm throwing in the towel and never looking back. At least I'll get a small tax deduction as a consolation if nothing else.Even worse was buying more and more to try to cover a loss. Never trust anything but your own assessments. It's hard not to be influenced by fanatics who spread their well-founded fantasies; sometimes it even sounds quite wise.
- ·16 t sittenhttps://www.youtube.com/watch?v=HIbuTzAif8I I recommend everyone to watch the whole thing! I truly believe it's worth it. Best piece of work on numbers and transparency delivered since the company was listed.
- ·17 t sittenstepped off and into the Eltel share...
- ·18 t sittenMy take after Q&A Good clarity on cost and runway. Sober and orderly guidance. CBE target in Q1, 27 appears plausible. Enigma an enormous x-factor! Synthetics and HF in the starting blocks. 1% gross in performance in August (excellent) US not mentioned. Probably further away given today's market.cap. Cannot grasp today's share price reaction. Truly understand the fall after Q2, but today I would have expected a real rise after Q&A
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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 |
|---|---|---|---|---|
| 111 | - | - | ||
| 180 | - | - | ||
| 39 | - | - | ||
| 61 | - | - | ||
| 46 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 49 661 | 49 661 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 49 661 | 49 661 | 0 | 0 |