2025 Q3 -tulosraportti
63 päivää sitten15 min
Tarjoustasot
First North Sweden
Määrä
Osto
1 232
Myynti
Määrä
4 467
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 153 | - | - | ||
| 2 174 | - | - | ||
| 547 | - | - | ||
| 106 | - | - | ||
| 2 322 | - | - |
Ylin
7,26VWAP
Alin
7VaihtoMäärä
1,2 163 641
VWAP
Ylin
7,26Alin
7VaihtoMäärä
1,2 163 641
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 163 711 | 163 711 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 163 711 | 163 711 | 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
2 t sitten2 t sittenHILBERT IS NOT A BTC TREASURY COMPANY! HILBERT IS MAKING MONEY REGARDLESS OF BTC PRICE!! Sorry for the screaming with capital letters but hopefully I caught your attention now! Hilbert share is extremely undervalued and cheap at these levels! Everything run according to plan. Yes, the macro environment is turbulent but that doesn't change the fact that Hilbert progress as expected! * The main algo/technology behind the exceptional results in the Basis+ fund is based on the volatility in BTC price. The fund "takes benefit" from mispricing and trades based on that. Basis+ fund makes great results in good and bad times. Late last year BTC was extremely shaky and weak but Basis+ fund was more or less not impacted, it is very resilient and could even benefit from these patterns. * BTC declined 6% in 2025 but the two Basis+ funds returned 20 resp 29% increase in 2025!! * Syntetika is also progressing as expected, more and more TVL will come in to the platform. The TGE will happen, if that is in Q1 or slightly later..let's see! I want the TGE to happen because I own $SYNT tokens...but I have no rush! There is no meaning at all, even if Hilbert and Syntetika are fully ready, to have TGE during "bad macro periods" so the timing must be right! If TGE is in March or April doesn't matter for me, it's better to pick the "best time for it". * From what I've heard there will be a new invitation, for the largest shareholders, to an update session with Hilbert and John Lilic about the latest reg Syntetika. Expect this to happen between mid-Feb and early March. * Reg AUM into Basis+ funds, I really expect this to progress a lot!! Please note that any "normal sized AUM ticket" will NOT have its own PR. A ticket of 20M USD will not...but if AUM of 100M came it would likely do! Conclusion: Even if you don't see new PRs around new AUM => expect that there are activity going on!! $$$ I also believe Hilbert will provide a PR "Update on AUM" (on a higher level, not per investor) in mid-February to just give a status where we are What else? * Work with Nordark and their upcoming license is very much ongoing. To have their own bank is a massive thing which makes a "complete player" and in fact, having a bank (with deposits, cash balance, savings) reduce the risk massively for a company and will actually be a huge part of the revenue in the future. * Enigma, funds with 102% (!!!) performance in 2025. Hilbert have own capital deployed there that just keep on growing! The Enigma funds + the Enigma "founders" are now all integrated with Hilbert. The former Enigma funds will be "Hilbertified" and presented as "new funds within Hilbert portfolio, open for external investors". Imagine the interest for fund that returns 100%. * US listing is very much in the plans. If that means first going via the "OMX main list" in Sweden or going directly to US...let's see! I expect this to happen maybe Q1 2027. US is insane...US listing (strange enough) by default means 2-3x higher p/e...so expect Hilbert share then to be traded at p/e 30-40 maybe. To be very clear! * Hilbert still have a lot of work to do! This is not a "home run"....yet! All the planned stuff need to materialize!! But, so far, there are no signs of this not to happen! * I wouldn't call 2025 a boring Hilbert year...but it was a year of acquisition, building a foundation, expansion, getting everything in place for... * 2026!! This is the year it should happen for real!! A totally realistic share price, if most of the above go as planned would be: * EOY 2026: 40-50kr * EOY 2027: 100kr * 2028 -> ???? I am still super super bullish this share!!
·9 min sittenUp until now, much is in process, but not so visible to us shareholders. When we get information about Aum, and positive cash flow comes, yes, only then will something happen. Until then, we can only make an assessment of whether you believe this will turn out well and buy more at a low price, or sell as very many do, and miss out on a possible explosive price increase. I believe Q1 will be a game changer, but until the end of May, I think we will experience rough seas. Right now, there are many uncertainties in the world, and unfortunately, it is the "uncertain" harbors that feel this first and hardest.
·1 päivä sittenHi! I'm interested in this stock. But I'm struggling a bit to understand what the company does, simply explained, and why people see such huge upside in this? Thanks for input😁
·1 päivä sittenOut of pure interest - is there anyone who wants to share info: how many shares are people in on here + their ACB..? I have followed this stock for 1 year and definitely see potential in it.- ·2 päivää sittenI found this a bit interesting to listen to. Around 4-5 minutes he talks about the financial market. It will become a bit like the tech market as finance, and he specifically refers to btc, will become more technological. Doesn't HILB fit right into that category? And he talks about 10X. I think that sounds dramatic, but a doubling would have been fine for me. https://www.youtube.com/watch?v=3t1C3TOsPxk
·1 päivä sittenAs a start, we should reach 1b USD in 2/20 by 2026. At PE 10, we then see a share price of 40-50 SEK (it is however too low a PE given the Hedge fund segment). Upon US listing or return of a crypto bull market, I expect significantly higher price potential. 
2 päivää sitten2 päivää sittenHilbert Group – fundamentals strengthening while the stock is down Hilbert Group traded around 13–14 SEK last autumn. Today, the stock is around 7.5 SEK. What makes this interesting is that the business is materially stronger today than it was back then. Hilbert is an institutional crypto asset manager. This is not a bet on Bitcoin going up. It’s a bet on who institutions trust when allocating to digital assets. ⸻ The company now has multiple validated growth engines 1) Institutional funds – market-neutral alpha Hilbert runs systematic, market-neutral strategies with a classic 2/20 fee structure. • ~20% net return in BTC terms in 2025 • ~29% net return in USD terms in 2025 • Bitcoin: ~–6% in the same period • Disciplined risk management, low volatility • Assets under management are growing Most notably: A world-leading Sovereign Wealth Fund (SWF) has now allocated twice. This is extremely rare. Sovereign Wealth Funds run some of the strictest due-diligence processes in global finance. They do not allocate to early-stage or unproven products. A second allocation typically signals: • The strategy performed as expected • Operational and governance trust • A strong reference case for other large institutions This is how institutional capital snowballs: once trust is established, others tend to follow. ⸻ 2) Enigma – scalable high-frequency trading Hilbert has acquired Enigma Nordic, a market-neutral, high-frequency trading platform. • +102% return in 2025 • SEK ~50bn in annual trading volume • Negative correlation to Bitcoin • Highly scalable statistical arbitrage This materially increases Hilbert’s ability to deploy large amounts of capital without degrading returns. ⸻ 3) Byzantine Fund – direct institutional distribution Hilbert operates the Byzantine Fund, with a communicated target of at least 10,000 BTC allocated. • Lower fee structure than 2/20 • Integrated with Xapo • Xapo clients can allocate directly via the app This creates a unique distribution channel for institutional-grade crypto exposure. ⸻ 4) Syntetika – institutional on-chain infrastructure Syntetika is not retail DeFi. It is infrastructure designed to allow institutions to allocate capital on-chain with: • Compliance • Controls • Governance Key points: • Publicly communicated ~$250m capital pipeline • Token generation event (initial issuance) planned in Q1 • Designed as a high-margin, scalable AUM engine If institutional capital moves on-chain, this is the type of platform it requires. ⸻ Execution, cash flow & alignment • The company has communicated that it expects to be cash-flow positive during Q1 2026 Russell Thompson (CIO): • Top 1% fund manager for ~16 years • ~37 years of industry experience • Has bought shares recently for ~40m SEK, at prices above today’s level Strong alignment between management and shareholders. ⸻ Why this deserves attention • Small cap + thin liquidity = frequent mispricing • Market struggles to price market-neutral alpha • Institutional traction not yet fully reflected in financials • Multiple independent growth engines now active If Hilbert executes on what it has already communicated: • Growing AUM • Sustained performance • Continued institutional adoption This stops being a “crypto stock” and starts looking like a platform company in institutional digital finance. Those tend to be valued very differently over time. ⸻ Disclaimer: This is not investment advice. Do your own research. Investments in small-cap companies and digital assets carry high risk. All information based on public sources as of January 2026.·1 päivä sittenNumbers are not my strong suit, so I'm trying to keep this at a rough estimate level rather than pretending I can provide precise estimates. With a price around 7,5 SEK, Hilbert is valued at approximately 90 million dollars in market capitalization. If one views this purely as an asset manager, it implies that the market prices in relatively low AUM under a classic 2/20-model. Very roughly: • With 100–300 million USD in AUM, today's pricing makes sense if one still factors in high execution risk. • Around 500 million USD in AUM, the earnings potential starts to look quite different, and today's market capitalization feels more stretched. • Should they eventually manage 1 billion USD in AUM, the economics of a scalable 2/20-model imply an entirely different valuation framework over time. Important to emphasize: This only applies to AUM in the funds and associated fee-economics. These are also very conservative figures. I have several calculations that value today's price far too low, even at 200-300 USD in AUM. I place no value on other parts of the platform here (Enigma, Syntetika, distribution etc.) – I see that as pure option/upside, not something I price in today. So I'm not trying to set a price target. I'm asking a simpler question: what AUM level does 7,5 SEK actually price in today? If AUM remains low, the upside is limited. If institutional trust continues to build up and AUM scales, both the earnings potential and the valuation logic change quite significantly. That's the asymmetry I'm looking at.
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
63 päivää sitten15 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
- 2 t sitten2 t sittenHILBERT IS NOT A BTC TREASURY COMPANY! HILBERT IS MAKING MONEY REGARDLESS OF BTC PRICE!! Sorry for the screaming with capital letters but hopefully I caught your attention now! Hilbert share is extremely undervalued and cheap at these levels! Everything run according to plan. Yes, the macro environment is turbulent but that doesn't change the fact that Hilbert progress as expected! * The main algo/technology behind the exceptional results in the Basis+ fund is based on the volatility in BTC price. The fund "takes benefit" from mispricing and trades based on that. Basis+ fund makes great results in good and bad times. Late last year BTC was extremely shaky and weak but Basis+ fund was more or less not impacted, it is very resilient and could even benefit from these patterns. * BTC declined 6% in 2025 but the two Basis+ funds returned 20 resp 29% increase in 2025!! * Syntetika is also progressing as expected, more and more TVL will come in to the platform. The TGE will happen, if that is in Q1 or slightly later..let's see! I want the TGE to happen because I own $SYNT tokens...but I have no rush! There is no meaning at all, even if Hilbert and Syntetika are fully ready, to have TGE during "bad macro periods" so the timing must be right! If TGE is in March or April doesn't matter for me, it's better to pick the "best time for it". * From what I've heard there will be a new invitation, for the largest shareholders, to an update session with Hilbert and John Lilic about the latest reg Syntetika. Expect this to happen between mid-Feb and early March. * Reg AUM into Basis+ funds, I really expect this to progress a lot!! Please note that any "normal sized AUM ticket" will NOT have its own PR. A ticket of 20M USD will not...but if AUM of 100M came it would likely do! Conclusion: Even if you don't see new PRs around new AUM => expect that there are activity going on!! $$$ I also believe Hilbert will provide a PR "Update on AUM" (on a higher level, not per investor) in mid-February to just give a status where we are What else? * Work with Nordark and their upcoming license is very much ongoing. To have their own bank is a massive thing which makes a "complete player" and in fact, having a bank (with deposits, cash balance, savings) reduce the risk massively for a company and will actually be a huge part of the revenue in the future. * Enigma, funds with 102% (!!!) performance in 2025. Hilbert have own capital deployed there that just keep on growing! The Enigma funds + the Enigma "founders" are now all integrated with Hilbert. The former Enigma funds will be "Hilbertified" and presented as "new funds within Hilbert portfolio, open for external investors". Imagine the interest for fund that returns 100%. * US listing is very much in the plans. If that means first going via the "OMX main list" in Sweden or going directly to US...let's see! I expect this to happen maybe Q1 2027. US is insane...US listing (strange enough) by default means 2-3x higher p/e...so expect Hilbert share then to be traded at p/e 30-40 maybe. To be very clear! * Hilbert still have a lot of work to do! This is not a "home run"....yet! All the planned stuff need to materialize!! But, so far, there are no signs of this not to happen! * I wouldn't call 2025 a boring Hilbert year...but it was a year of acquisition, building a foundation, expansion, getting everything in place for... * 2026!! This is the year it should happen for real!! A totally realistic share price, if most of the above go as planned would be: * EOY 2026: 40-50kr * EOY 2027: 100kr * 2028 -> ???? I am still super super bullish this share!!·9 min sittenUp until now, much is in process, but not so visible to us shareholders. When we get information about Aum, and positive cash flow comes, yes, only then will something happen. Until then, we can only make an assessment of whether you believe this will turn out well and buy more at a low price, or sell as very many do, and miss out on a possible explosive price increase. I believe Q1 will be a game changer, but until the end of May, I think we will experience rough seas. Right now, there are many uncertainties in the world, and unfortunately, it is the "uncertain" harbors that feel this first and hardest.
- ·1 päivä sittenHi! I'm interested in this stock. But I'm struggling a bit to understand what the company does, simply explained, and why people see such huge upside in this? Thanks for input😁
- ·1 päivä sittenOut of pure interest - is there anyone who wants to share info: how many shares are people in on here + their ACB..? I have followed this stock for 1 year and definitely see potential in it.
- ·2 päivää sittenI found this a bit interesting to listen to. Around 4-5 minutes he talks about the financial market. It will become a bit like the tech market as finance, and he specifically refers to btc, will become more technological. Doesn't HILB fit right into that category? And he talks about 10X. I think that sounds dramatic, but a doubling would have been fine for me. https://www.youtube.com/watch?v=3t1C3TOsPxk·1 päivä sittenAs a start, we should reach 1b USD in 2/20 by 2026. At PE 10, we then see a share price of 40-50 SEK (it is however too low a PE given the Hedge fund segment). Upon US listing or return of a crypto bull market, I expect significantly higher price potential.
- 2 päivää sitten2 päivää sittenHilbert Group – fundamentals strengthening while the stock is down Hilbert Group traded around 13–14 SEK last autumn. Today, the stock is around 7.5 SEK. What makes this interesting is that the business is materially stronger today than it was back then. Hilbert is an institutional crypto asset manager. This is not a bet on Bitcoin going up. It’s a bet on who institutions trust when allocating to digital assets. ⸻ The company now has multiple validated growth engines 1) Institutional funds – market-neutral alpha Hilbert runs systematic, market-neutral strategies with a classic 2/20 fee structure. • ~20% net return in BTC terms in 2025 • ~29% net return in USD terms in 2025 • Bitcoin: ~–6% in the same period • Disciplined risk management, low volatility • Assets under management are growing Most notably: A world-leading Sovereign Wealth Fund (SWF) has now allocated twice. This is extremely rare. Sovereign Wealth Funds run some of the strictest due-diligence processes in global finance. They do not allocate to early-stage or unproven products. A second allocation typically signals: • The strategy performed as expected • Operational and governance trust • A strong reference case for other large institutions This is how institutional capital snowballs: once trust is established, others tend to follow. ⸻ 2) Enigma – scalable high-frequency trading Hilbert has acquired Enigma Nordic, a market-neutral, high-frequency trading platform. • +102% return in 2025 • SEK ~50bn in annual trading volume • Negative correlation to Bitcoin • Highly scalable statistical arbitrage This materially increases Hilbert’s ability to deploy large amounts of capital without degrading returns. ⸻ 3) Byzantine Fund – direct institutional distribution Hilbert operates the Byzantine Fund, with a communicated target of at least 10,000 BTC allocated. • Lower fee structure than 2/20 • Integrated with Xapo • Xapo clients can allocate directly via the app This creates a unique distribution channel for institutional-grade crypto exposure. ⸻ 4) Syntetika – institutional on-chain infrastructure Syntetika is not retail DeFi. It is infrastructure designed to allow institutions to allocate capital on-chain with: • Compliance • Controls • Governance Key points: • Publicly communicated ~$250m capital pipeline • Token generation event (initial issuance) planned in Q1 • Designed as a high-margin, scalable AUM engine If institutional capital moves on-chain, this is the type of platform it requires. ⸻ Execution, cash flow & alignment • The company has communicated that it expects to be cash-flow positive during Q1 2026 Russell Thompson (CIO): • Top 1% fund manager for ~16 years • ~37 years of industry experience • Has bought shares recently for ~40m SEK, at prices above today’s level Strong alignment between management and shareholders. ⸻ Why this deserves attention • Small cap + thin liquidity = frequent mispricing • Market struggles to price market-neutral alpha • Institutional traction not yet fully reflected in financials • Multiple independent growth engines now active If Hilbert executes on what it has already communicated: • Growing AUM • Sustained performance • Continued institutional adoption This stops being a “crypto stock” and starts looking like a platform company in institutional digital finance. Those tend to be valued very differently over time. ⸻ Disclaimer: This is not investment advice. Do your own research. Investments in small-cap companies and digital assets carry high risk. All information based on public sources as of January 2026.·1 päivä sittenNumbers are not my strong suit, so I'm trying to keep this at a rough estimate level rather than pretending I can provide precise estimates. With a price around 7,5 SEK, Hilbert is valued at approximately 90 million dollars in market capitalization. If one views this purely as an asset manager, it implies that the market prices in relatively low AUM under a classic 2/20-model. Very roughly: • With 100–300 million USD in AUM, today's pricing makes sense if one still factors in high execution risk. • Around 500 million USD in AUM, the earnings potential starts to look quite different, and today's market capitalization feels more stretched. • Should they eventually manage 1 billion USD in AUM, the economics of a scalable 2/20-model imply an entirely different valuation framework over time. Important to emphasize: This only applies to AUM in the funds and associated fee-economics. These are also very conservative figures. I have several calculations that value today's price far too low, even at 200-300 USD in AUM. I place no value on other parts of the platform here (Enigma, Syntetika, distribution etc.) – I see that as pure option/upside, not something I price in today. So I'm not trying to set a price target. I'm asking a simpler question: what AUM level does 7,5 SEK actually price in today? If AUM remains low, the upside is limited. If institutional trust continues to build up and AUM scales, both the earnings potential and the valuation logic change quite significantly. That's the asymmetry I'm looking at.
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
First North Sweden
Määrä
Osto
1 232
Myynti
Määrä
4 467
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 153 | - | - | ||
| 2 174 | - | - | ||
| 547 | - | - | ||
| 106 | - | - | ||
| 2 322 | - | - |
Ylin
7,26VWAP
Alin
7VaihtoMäärä
1,2 163 641
VWAP
Ylin
7,26Alin
7VaihtoMäärä
1,2 163 641
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 163 711 | 163 711 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 163 711 | 163 711 | 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
63 päivää sitten15 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
- 2 t sitten2 t sittenHILBERT IS NOT A BTC TREASURY COMPANY! HILBERT IS MAKING MONEY REGARDLESS OF BTC PRICE!! Sorry for the screaming with capital letters but hopefully I caught your attention now! Hilbert share is extremely undervalued and cheap at these levels! Everything run according to plan. Yes, the macro environment is turbulent but that doesn't change the fact that Hilbert progress as expected! * The main algo/technology behind the exceptional results in the Basis+ fund is based on the volatility in BTC price. The fund "takes benefit" from mispricing and trades based on that. Basis+ fund makes great results in good and bad times. Late last year BTC was extremely shaky and weak but Basis+ fund was more or less not impacted, it is very resilient and could even benefit from these patterns. * BTC declined 6% in 2025 but the two Basis+ funds returned 20 resp 29% increase in 2025!! * Syntetika is also progressing as expected, more and more TVL will come in to the platform. The TGE will happen, if that is in Q1 or slightly later..let's see! I want the TGE to happen because I own $SYNT tokens...but I have no rush! There is no meaning at all, even if Hilbert and Syntetika are fully ready, to have TGE during "bad macro periods" so the timing must be right! If TGE is in March or April doesn't matter for me, it's better to pick the "best time for it". * From what I've heard there will be a new invitation, for the largest shareholders, to an update session with Hilbert and John Lilic about the latest reg Syntetika. Expect this to happen between mid-Feb and early March. * Reg AUM into Basis+ funds, I really expect this to progress a lot!! Please note that any "normal sized AUM ticket" will NOT have its own PR. A ticket of 20M USD will not...but if AUM of 100M came it would likely do! Conclusion: Even if you don't see new PRs around new AUM => expect that there are activity going on!! $$$ I also believe Hilbert will provide a PR "Update on AUM" (on a higher level, not per investor) in mid-February to just give a status where we are What else? * Work with Nordark and their upcoming license is very much ongoing. To have their own bank is a massive thing which makes a "complete player" and in fact, having a bank (with deposits, cash balance, savings) reduce the risk massively for a company and will actually be a huge part of the revenue in the future. * Enigma, funds with 102% (!!!) performance in 2025. Hilbert have own capital deployed there that just keep on growing! The Enigma funds + the Enigma "founders" are now all integrated with Hilbert. The former Enigma funds will be "Hilbertified" and presented as "new funds within Hilbert portfolio, open for external investors". Imagine the interest for fund that returns 100%. * US listing is very much in the plans. If that means first going via the "OMX main list" in Sweden or going directly to US...let's see! I expect this to happen maybe Q1 2027. US is insane...US listing (strange enough) by default means 2-3x higher p/e...so expect Hilbert share then to be traded at p/e 30-40 maybe. To be very clear! * Hilbert still have a lot of work to do! This is not a "home run"....yet! All the planned stuff need to materialize!! But, so far, there are no signs of this not to happen! * I wouldn't call 2025 a boring Hilbert year...but it was a year of acquisition, building a foundation, expansion, getting everything in place for... * 2026!! This is the year it should happen for real!! A totally realistic share price, if most of the above go as planned would be: * EOY 2026: 40-50kr * EOY 2027: 100kr * 2028 -> ???? I am still super super bullish this share!!·9 min sittenUp until now, much is in process, but not so visible to us shareholders. When we get information about Aum, and positive cash flow comes, yes, only then will something happen. Until then, we can only make an assessment of whether you believe this will turn out well and buy more at a low price, or sell as very many do, and miss out on a possible explosive price increase. I believe Q1 will be a game changer, but until the end of May, I think we will experience rough seas. Right now, there are many uncertainties in the world, and unfortunately, it is the "uncertain" harbors that feel this first and hardest.
- ·1 päivä sittenHi! I'm interested in this stock. But I'm struggling a bit to understand what the company does, simply explained, and why people see such huge upside in this? Thanks for input😁
- ·1 päivä sittenOut of pure interest - is there anyone who wants to share info: how many shares are people in on here + their ACB..? I have followed this stock for 1 year and definitely see potential in it.
- ·2 päivää sittenI found this a bit interesting to listen to. Around 4-5 minutes he talks about the financial market. It will become a bit like the tech market as finance, and he specifically refers to btc, will become more technological. Doesn't HILB fit right into that category? And he talks about 10X. I think that sounds dramatic, but a doubling would have been fine for me. https://www.youtube.com/watch?v=3t1C3TOsPxk·1 päivä sittenAs a start, we should reach 1b USD in 2/20 by 2026. At PE 10, we then see a share price of 40-50 SEK (it is however too low a PE given the Hedge fund segment). Upon US listing or return of a crypto bull market, I expect significantly higher price potential.
- 2 päivää sitten2 päivää sittenHilbert Group – fundamentals strengthening while the stock is down Hilbert Group traded around 13–14 SEK last autumn. Today, the stock is around 7.5 SEK. What makes this interesting is that the business is materially stronger today than it was back then. Hilbert is an institutional crypto asset manager. This is not a bet on Bitcoin going up. It’s a bet on who institutions trust when allocating to digital assets. ⸻ The company now has multiple validated growth engines 1) Institutional funds – market-neutral alpha Hilbert runs systematic, market-neutral strategies with a classic 2/20 fee structure. • ~20% net return in BTC terms in 2025 • ~29% net return in USD terms in 2025 • Bitcoin: ~–6% in the same period • Disciplined risk management, low volatility • Assets under management are growing Most notably: A world-leading Sovereign Wealth Fund (SWF) has now allocated twice. This is extremely rare. Sovereign Wealth Funds run some of the strictest due-diligence processes in global finance. They do not allocate to early-stage or unproven products. A second allocation typically signals: • The strategy performed as expected • Operational and governance trust • A strong reference case for other large institutions This is how institutional capital snowballs: once trust is established, others tend to follow. ⸻ 2) Enigma – scalable high-frequency trading Hilbert has acquired Enigma Nordic, a market-neutral, high-frequency trading platform. • +102% return in 2025 • SEK ~50bn in annual trading volume • Negative correlation to Bitcoin • Highly scalable statistical arbitrage This materially increases Hilbert’s ability to deploy large amounts of capital without degrading returns. ⸻ 3) Byzantine Fund – direct institutional distribution Hilbert operates the Byzantine Fund, with a communicated target of at least 10,000 BTC allocated. • Lower fee structure than 2/20 • Integrated with Xapo • Xapo clients can allocate directly via the app This creates a unique distribution channel for institutional-grade crypto exposure. ⸻ 4) Syntetika – institutional on-chain infrastructure Syntetika is not retail DeFi. It is infrastructure designed to allow institutions to allocate capital on-chain with: • Compliance • Controls • Governance Key points: • Publicly communicated ~$250m capital pipeline • Token generation event (initial issuance) planned in Q1 • Designed as a high-margin, scalable AUM engine If institutional capital moves on-chain, this is the type of platform it requires. ⸻ Execution, cash flow & alignment • The company has communicated that it expects to be cash-flow positive during Q1 2026 Russell Thompson (CIO): • Top 1% fund manager for ~16 years • ~37 years of industry experience • Has bought shares recently for ~40m SEK, at prices above today’s level Strong alignment between management and shareholders. ⸻ Why this deserves attention • Small cap + thin liquidity = frequent mispricing • Market struggles to price market-neutral alpha • Institutional traction not yet fully reflected in financials • Multiple independent growth engines now active If Hilbert executes on what it has already communicated: • Growing AUM • Sustained performance • Continued institutional adoption This stops being a “crypto stock” and starts looking like a platform company in institutional digital finance. Those tend to be valued very differently over time. ⸻ Disclaimer: This is not investment advice. Do your own research. Investments in small-cap companies and digital assets carry high risk. All information based on public sources as of January 2026.·1 päivä sittenNumbers are not my strong suit, so I'm trying to keep this at a rough estimate level rather than pretending I can provide precise estimates. With a price around 7,5 SEK, Hilbert is valued at approximately 90 million dollars in market capitalization. If one views this purely as an asset manager, it implies that the market prices in relatively low AUM under a classic 2/20-model. Very roughly: • With 100–300 million USD in AUM, today's pricing makes sense if one still factors in high execution risk. • Around 500 million USD in AUM, the earnings potential starts to look quite different, and today's market capitalization feels more stretched. • Should they eventually manage 1 billion USD in AUM, the economics of a scalable 2/20-model imply an entirely different valuation framework over time. Important to emphasize: This only applies to AUM in the funds and associated fee-economics. These are also very conservative figures. I have several calculations that value today's price far too low, even at 200-300 USD in AUM. I place no value on other parts of the platform here (Enigma, Syntetika, distribution etc.) – I see that as pure option/upside, not something I price in today. So I'm not trying to set a price target. I'm asking a simpler question: what AUM level does 7,5 SEK actually price in today? If AUM remains low, the upside is limited. If institutional trust continues to build up and AUM scales, both the earnings potential and the valuation logic change quite significantly. That's the asymmetry I'm looking at.
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