2026 Q1 -tulosraportti
Vain PDF
77 päivää sitten
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 31.8. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 29.5. | ||
2025 Q4 -tulosraportti 31.3. | ||
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2025 Q1 -tulosraportti 30.5.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·2 t sittenI've looked a bit at fund management fees in Q1 2026 (Now that we can try to calculate it with more concrete numbers), and there's something I can't quite make add up. Hilbert reported approx 3,3 msek in fund management revenue in q1. At the same time, the company stated that aun on 2/20 had grown over 90 % through the quarter, and a little reverse calculation from the ceo kpi figures gives 100 musd ish on average through the quarter. If one assumes a normal management fee of around 2 % of aum, this part alone should clearly have yielded more than the 3,3 MSEK that was reported in total. (comes to approx 5 musd only. on 2/20 + this has been mentioned to crystallize quarterly). In addition comes the Byzantine fund. If it's true that Hilbert retains around 0,5 % management fee on Byzantine (ref podcast with Niclas sandstrøm autumn 2025), this alone should have contributed 2-3 million per quarter!? So fee revenues should have been approx 7-8 msek in total management fees, against approx 3,3 msek(!). Does anyone have a good explanation for this? This could of course mean that some customers get better fees and/or fees crystallize semi-annually etc. So it doesn't necessarily mean something is wrong, but again it becomes difficult to calculate in this phase the company is in. So the most important thing for me is not how much AUM Hilbert reports, but how much revenue this AUM actually generates, and it will be exciting to see for Q2. Has anyone here made a calculation of how much we can see in revenue fee for q2?
I believe that management fees are "artificially low" because the CIO has a very relaxed attitude towards the interval for fee payment. And share price. He likes sticky capital and meets with favorable deadlines which the stock market does not appreciate. We should see $100m x 2%/ 4 to get monthly fee on respectively 80, 100 and 120m USD. With a USD/SEK of 10 this gives 5m SEK for Q2 2026. I believe due to the arguments above that we more likely see just over 4m SEK in the report on the 31st. To calculate on Byzantine I will not include here, as the details become even more speculation. Very simplified, so don't read too much into this post.- ·3 t sitten · MuokattuFor reflection, and note the wording in the attached images. In January, 2/20 aum was approximately 55 musd, with a pipeline of 230 musd. Here they call it "Future Revenue Visibility" and most interestingly "refers to additional EXPECTED captial over the next 9 month" 8.5 months later, only 25% of this has converted. Assuming they haven't had any outflows, of course. So they have until August to increase this 9 month expected captial from approximately 55 to 230. Realistically, I doubt that will happen. But maybe one of these enormous tickets (20, 50 or 100 musd) could come at the last minute. I don't think so. Fast forward to June, and again check the wording on the pipeline which now says "total active pipeline" instead of future revenue visibility. Where in small print: pipeline reflects current investor interest, not commited or guaranteed AUM. In the series of aggressive, and demonstrably off-target, future AUM guidance. It has been a challenging crypto market all the way. I like best how they have completely toned down the pipeline from future revenue visibility to current investor interest. It is much more descriptive, and reflects the reality we see now. Again, I have sent a follow-up email to IR and asked for clarification on, among other things, caddy, and additionally these 15musd for synthetics. I don't expect an answer again, but we'll see. For now, I'm setting the pipeline forbentnignene down to a maximum of 20% of what is stated. If they manage 200 musd on 2/20 for this year, I think that's acceptable, considering the history and how they are now phrasing things compared to 6 months ago.
I tried to say it at 10 kroner, but got a lot of flak Hope someone listened and avoided Baretap 
·8 t sitten31 people including myself went into synthetics the first 3 days. I think if they deliver on % then this will spread quickly.
So far, Hilbert has not been able to convince investors/the market. Now several products have been launched without so far meaning anything at all. Personally, I believe it's only a matter of time before this paradigm changes, but don't be surprised if the price remains down at the 4-level for a little while going forward. There is a lot for me to analyze on feemover
·21 t sitten9M USD in AUM in 3 days for Syntetika! That's good! Many probably start with a smaller amount and add more if they think things are going smoothly. This is just the beginning, next cohort in 15 days. AUM is rolling in now this autumn! The number is taken from their website which has been updated.If @Girly's number of 31 units is correct (well observed by the way) and 9musd.... I'm sitting here asking myself how many of these 31 could be closely associated with Hilbert and Syntetika, who perhaps have a somewhat large BTC wallet? And again, what about these 15 musd? Could it be part of the 15 musd that is coming in little by little? I still find this messy, unclear and perhaps it doesn't quite live up to the hype beforehand, despite early days.- ·23 t sittenSo we ended the day today at exactly the same price as we opened the week at, no investors who noticed the stock after Syntetika was launched, then isn't Syntetika as big as we make it out to be....No surprise there. My own analysis yielded 8%-12% the same day (read below) and then only one thing matters now. Larger AUM contracts and away with red numbers in the accounts and into plus. Investors must be convinced on these two points. Agree?
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.
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.
2026 Q1 -tulosraportti
Vain PDF
77 päivää sitten
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.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·2 t sittenI've looked a bit at fund management fees in Q1 2026 (Now that we can try to calculate it with more concrete numbers), and there's something I can't quite make add up. Hilbert reported approx 3,3 msek in fund management revenue in q1. At the same time, the company stated that aun on 2/20 had grown over 90 % through the quarter, and a little reverse calculation from the ceo kpi figures gives 100 musd ish on average through the quarter. If one assumes a normal management fee of around 2 % of aum, this part alone should clearly have yielded more than the 3,3 MSEK that was reported in total. (comes to approx 5 musd only. on 2/20 + this has been mentioned to crystallize quarterly). In addition comes the Byzantine fund. If it's true that Hilbert retains around 0,5 % management fee on Byzantine (ref podcast with Niclas sandstrøm autumn 2025), this alone should have contributed 2-3 million per quarter!? So fee revenues should have been approx 7-8 msek in total management fees, against approx 3,3 msek(!). Does anyone have a good explanation for this? This could of course mean that some customers get better fees and/or fees crystallize semi-annually etc. So it doesn't necessarily mean something is wrong, but again it becomes difficult to calculate in this phase the company is in. So the most important thing for me is not how much AUM Hilbert reports, but how much revenue this AUM actually generates, and it will be exciting to see for Q2. Has anyone here made a calculation of how much we can see in revenue fee for q2?I believe that management fees are "artificially low" because the CIO has a very relaxed attitude towards the interval for fee payment. And share price. He likes sticky capital and meets with favorable deadlines which the stock market does not appreciate. We should see $100m x 2%/ 4 to get monthly fee on respectively 80, 100 and 120m USD. With a USD/SEK of 10 this gives 5m SEK for Q2 2026. I believe due to the arguments above that we more likely see just over 4m SEK in the report on the 31st. To calculate on Byzantine I will not include here, as the details become even more speculation. Very simplified, so don't read too much into this post.
- ·3 t sitten · MuokattuFor reflection, and note the wording in the attached images. In January, 2/20 aum was approximately 55 musd, with a pipeline of 230 musd. Here they call it "Future Revenue Visibility" and most interestingly "refers to additional EXPECTED captial over the next 9 month" 8.5 months later, only 25% of this has converted. Assuming they haven't had any outflows, of course. So they have until August to increase this 9 month expected captial from approximately 55 to 230. Realistically, I doubt that will happen. But maybe one of these enormous tickets (20, 50 or 100 musd) could come at the last minute. I don't think so. Fast forward to June, and again check the wording on the pipeline which now says "total active pipeline" instead of future revenue visibility. Where in small print: pipeline reflects current investor interest, not commited or guaranteed AUM. In the series of aggressive, and demonstrably off-target, future AUM guidance. It has been a challenging crypto market all the way. I like best how they have completely toned down the pipeline from future revenue visibility to current investor interest. It is much more descriptive, and reflects the reality we see now. Again, I have sent a follow-up email to IR and asked for clarification on, among other things, caddy, and additionally these 15musd for synthetics. I don't expect an answer again, but we'll see. For now, I'm setting the pipeline forbentnignene down to a maximum of 20% of what is stated. If they manage 200 musd on 2/20 for this year, I think that's acceptable, considering the history and how they are now phrasing things compared to 6 months ago.I tried to say it at 10 kroner, but got a lot of flak Hope someone listened and avoided Baretap
- ·8 t sitten31 people including myself went into synthetics the first 3 days. I think if they deliver on % then this will spread quickly.So far, Hilbert has not been able to convince investors/the market. Now several products have been launched without so far meaning anything at all. Personally, I believe it's only a matter of time before this paradigm changes, but don't be surprised if the price remains down at the 4-level for a little while going forward. There is a lot for me to analyze on feemover
- ·21 t sitten9M USD in AUM in 3 days for Syntetika! That's good! Many probably start with a smaller amount and add more if they think things are going smoothly. This is just the beginning, next cohort in 15 days. AUM is rolling in now this autumn! The number is taken from their website which has been updated.If @Girly's number of 31 units is correct (well observed by the way) and 9musd.... I'm sitting here asking myself how many of these 31 could be closely associated with Hilbert and Syntetika, who perhaps have a somewhat large BTC wallet? And again, what about these 15 musd? Could it be part of the 15 musd that is coming in little by little? I still find this messy, unclear and perhaps it doesn't quite live up to the hype beforehand, despite early days.
- ·23 t sittenSo we ended the day today at exactly the same price as we opened the week at, no investors who noticed the stock after Syntetika was launched, then isn't Syntetika as big as we make it out to be....No surprise there. My own analysis yielded 8%-12% the same day (read below) and then only one thing matters now. Larger AUM contracts and away with red numbers in the accounts and into plus. Investors must be convinced on these two points. Agree?
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
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 31.8. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 29.5. | ||
2025 Q4 -tulosraportti 31.3. | ||
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2025 Q1 -tulosraportti 30.5.2025 |
2026 Q1 -tulosraportti
Vain PDF
77 päivää sitten
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: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 31.8. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 29.5. | ||
2025 Q4 -tulosraportti 31.3. | ||
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2025 Q1 -tulosraportti 30.5.2025 |
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·2 t sittenI've looked a bit at fund management fees in Q1 2026 (Now that we can try to calculate it with more concrete numbers), and there's something I can't quite make add up. Hilbert reported approx 3,3 msek in fund management revenue in q1. At the same time, the company stated that aun on 2/20 had grown over 90 % through the quarter, and a little reverse calculation from the ceo kpi figures gives 100 musd ish on average through the quarter. If one assumes a normal management fee of around 2 % of aum, this part alone should clearly have yielded more than the 3,3 MSEK that was reported in total. (comes to approx 5 musd only. on 2/20 + this has been mentioned to crystallize quarterly). In addition comes the Byzantine fund. If it's true that Hilbert retains around 0,5 % management fee on Byzantine (ref podcast with Niclas sandstrøm autumn 2025), this alone should have contributed 2-3 million per quarter!? So fee revenues should have been approx 7-8 msek in total management fees, against approx 3,3 msek(!). Does anyone have a good explanation for this? This could of course mean that some customers get better fees and/or fees crystallize semi-annually etc. So it doesn't necessarily mean something is wrong, but again it becomes difficult to calculate in this phase the company is in. So the most important thing for me is not how much AUM Hilbert reports, but how much revenue this AUM actually generates, and it will be exciting to see for Q2. Has anyone here made a calculation of how much we can see in revenue fee for q2?I believe that management fees are "artificially low" because the CIO has a very relaxed attitude towards the interval for fee payment. And share price. He likes sticky capital and meets with favorable deadlines which the stock market does not appreciate. We should see $100m x 2%/ 4 to get monthly fee on respectively 80, 100 and 120m USD. With a USD/SEK of 10 this gives 5m SEK for Q2 2026. I believe due to the arguments above that we more likely see just over 4m SEK in the report on the 31st. To calculate on Byzantine I will not include here, as the details become even more speculation. Very simplified, so don't read too much into this post.
- ·3 t sitten · MuokattuFor reflection, and note the wording in the attached images. In January, 2/20 aum was approximately 55 musd, with a pipeline of 230 musd. Here they call it "Future Revenue Visibility" and most interestingly "refers to additional EXPECTED captial over the next 9 month" 8.5 months later, only 25% of this has converted. Assuming they haven't had any outflows, of course. So they have until August to increase this 9 month expected captial from approximately 55 to 230. Realistically, I doubt that will happen. But maybe one of these enormous tickets (20, 50 or 100 musd) could come at the last minute. I don't think so. Fast forward to June, and again check the wording on the pipeline which now says "total active pipeline" instead of future revenue visibility. Where in small print: pipeline reflects current investor interest, not commited or guaranteed AUM. In the series of aggressive, and demonstrably off-target, future AUM guidance. It has been a challenging crypto market all the way. I like best how they have completely toned down the pipeline from future revenue visibility to current investor interest. It is much more descriptive, and reflects the reality we see now. Again, I have sent a follow-up email to IR and asked for clarification on, among other things, caddy, and additionally these 15musd for synthetics. I don't expect an answer again, but we'll see. For now, I'm setting the pipeline forbentnignene down to a maximum of 20% of what is stated. If they manage 200 musd on 2/20 for this year, I think that's acceptable, considering the history and how they are now phrasing things compared to 6 months ago.I tried to say it at 10 kroner, but got a lot of flak Hope someone listened and avoided Baretap
- ·8 t sitten31 people including myself went into synthetics the first 3 days. I think if they deliver on % then this will spread quickly.So far, Hilbert has not been able to convince investors/the market. Now several products have been launched without so far meaning anything at all. Personally, I believe it's only a matter of time before this paradigm changes, but don't be surprised if the price remains down at the 4-level for a little while going forward. There is a lot for me to analyze on feemover
- ·21 t sitten9M USD in AUM in 3 days for Syntetika! That's good! Many probably start with a smaller amount and add more if they think things are going smoothly. This is just the beginning, next cohort in 15 days. AUM is rolling in now this autumn! The number is taken from their website which has been updated.If @Girly's number of 31 units is correct (well observed by the way) and 9musd.... I'm sitting here asking myself how many of these 31 could be closely associated with Hilbert and Syntetika, who perhaps have a somewhat large BTC wallet? And again, what about these 15 musd? Could it be part of the 15 musd that is coming in little by little? I still find this messy, unclear and perhaps it doesn't quite live up to the hype beforehand, despite early days.
- ·23 t sittenSo we ended the day today at exactly the same price as we opened the week at, no investors who noticed the stock after Syntetika was launched, then isn't Syntetika as big as we make it out to be....No surprise there. My own analysis yielded 8%-12% the same day (read below) and then only one thing matters now. Larger AUM contracts and away with red numbers in the accounts and into plus. Investors must be convinced on these two points. Agree?
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
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt