An underpriced stock in this week’s analysis by StockCharts365.com!
Hilbert Group in this week’s analysis of StockCharts365.com!
StockCharts365.com believes that Hilbert Group AB is perhaps the most underpriced stock in the Nordics! (Ticker on First North Sweden: HILB B).
StockCharts365.com and Storbanken SEB believe that the stock could easily double and maybe multiply in the next 6-12 months alone!
Hilbert Group AB’s (HILB B) 60% stake in Coin360.com, is probably worth far more than what the entire company Hilbert Group is priced at today. The value of Hilbert Group AB’s (HILB B) 60% stake in Coin360.com, is believed to be worth around SEK 600 million+, while the entire Hilbert Group AB (HILB B) is currently valued at only around SEK 327 million.
More information and technical analysis for Hilbert Group below.
Vikingen Investment School Week 46, up in the US thanks to the election result!
Here you will find our comments for week 46:
MPC Container Ships we choose to keep, a long-term good stock going up today.
NVIDIA we hold and follow. The share has risen since the US election
Marex Group (MRX) a company in the United States comparable to Investor. Long-term good.
Serstech and Storytel AB ser.B both we sold before the weekend. We only had Storytel for a week
QUIA PHARMA AB (QUIA) we buy today November 12, the stock rising sharply from a low level. We monitor it closely.
Verona Pharma ADR (VRNA) we continue to monitor, its an interesting stock.
We have learned to follow developments more closely than before and to be prepared to sell. US stock markets are going up after the election results. So we have the most investments there right now.
This was our investment school of the week. Feel free to give us feedback and follow us on FB and/or Linkedin.
Below information about the company, Hilbert Group
Hilbert Group is an investment firm fully focused on digital assets, primarily cryptocurrencies and blockchain technologies. Its business model is diversified into four verticals: asset management, proprietary trading, corporate investment, and data and analytics. Its clients consist of high net worth individuals and institutional investors.
The company is headquartered in Stockholm. Hilbert Group specializes in quantitative, algorithmic trading strategies in digital asset markets. Hilbert’s primary activity is the management of its algorithmic quantitative trading funds. For more information about the company, visit their website here.
On Friday, June 14, positive news came from Swedish Hilbert Group AB
On Friday, June 14, 2024, positive news came from Hilbert Group AB (HILB B), in connection with COIN360.com, where Hilbert Group is the majority shareholder with a 60 percent stake. Friday June 14, 2024 here.
Below is an excerpt from the stock exchange announcement of Hilbert Group on Friday, June 14, 2024:
Hilbert Group subsidiary COIN360.COM announces major overhaul and strategic partnership with 4+ ventures. By comparison, many similar data/analytics sites have achieved valuations of $100 million+ in recent years, despite having significantly less traffic than COIN360.com. COIN360.com, the 60% majority-owned subsidiary of Hilbert Group AB (NASDAQ: HILB B), is set to undergo a transformative revamp, which will improve both functionality and architecture. The project, which is scheduled for completion in October/November 2024, will be led by Stockholm-based firm 4+Ventures. The expert team at 4+Ventures has a stellar track record in digital asset product development, with notable successes in building multiple successful ventures and projects in digital assets and web3.
Hilbert Group CEO Niclas Sandström shares:
“COIN360.com’s metrics are exceptional. In the first quarter of 2024 alone, we received 28 million page views across 7.7 million individual sessions, and we’ve welcomed 15,000 new verified users in the last two months. In comparison, many similar data/analytics sites achieved values of $100 million+, despite having significantly less traffic than COIN360.com.
Hilbert Group AB’s majority ownership in COIN360.com significantly increases the company’s value!
So with Hilbert Group AB (HILB B) being the majority shareholder in COIN360.com with a 60% stake, and considering that similar data/analytics sites have been priced at USD 100 million+, this corresponds to a potential value for Hilbert Group AB
(HILB B)’s 60% stake in COIN360.com of around USD 60 million+. The market capitalization of the entire Hilbert Group AB (HILB B) with a share price today of around SEK 5.00 is currently around SEK 327 million, or approximately USD 30 million. StockCharts365.com has information from reliable sources that Hilbert Group has had several bids for Coin360.com, which are significant without quantifying.
They believe there is development potential before a possible sale. Most likely (thinks StockCharts365.com), Hilbert Group AB (HILB B) may get double or more of the current market capitalization of Hilbert Group (which is currently around SEK 327 million) in a possible sale of Coin360.com. StockCharts365.com therefore believes that the value of Hilbert Group’s 60% stake in Coin360.com alone could far exceed the current market capitalization of the entire Hilbert Group AB (HILB B).
Hilbert Group and Xapo Bank complete the launch of the Bitcoin Yield Hedge Fund with $175 million in initial investments!
On September 16. 2024 Hilbert Capital, the asset management division of Hilbert Group AB (Nasdaq: HILB B) and Xapo Bank successfully launched the BTC-denominated credit fund. The fund has been established with 3000 Bitcoins in initial investments (currently valued at USD 175 million, SEK 1.75 billion). Hilbert Capital is the investment manager for the Xapo Byzantine BTC Credit Fund which is planned to be made available to clients globally at Xapo Bank, subject to regulatory approval. The fund will enable investors with Bitcoin balances to earn a high-quality and institutionalized return on their holdings.
Source stock exchange announcement
Niclas Sandström, CEO of Hilbert Group comments: “Xapo and Hilbert have been working closely for close to 2 years and over the past year have initiated a number of investments, culminating in the creation of this offering. Given the quality and scale of demand for a return on Bitcoin, we expect Hilbert’s previously communicated $200 million target for 2024 to be substantially exceeded.
” Joey Garcia, Director of Xapo Bank and Xapo Byzantine BTC Credit Fund comments: “We are very excited to see the relationship with Hilbert develop, and to already have this cornerstone commitment before we even take the fund to market. It clearly shows the market’s appetite for the product. Secure BTC ‘treasury management’ options are not really available in the area and we are excited to develop this and ultimately bring it to the customers of Xapo Bank.
When this news and stock exchange announcement was published on September 16, 2024, the price of BTC was around USD 58,000. Today, November 12, BTC is around USD 89,000. So the USD 175 million that they started with to manage with Xapo Bank has now grown to around USD 270 million just because of the rise of BTC.
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Technical Analysis of Hilbert Group
(Ticker on First North Sweden: HILB B)
The Hilbert stock is moving within a large rectangle consolidation formation, and between a technical support level around SEK 3.50 and a technical resistance level around SEK 7.00. In the shorter term, the stock has now broken out of a short term falling trend, and has also broken upwards from a more short term rectangle consolidation formation by breaking above the SEK 5.00 level. The stock has broken above both the 200-day and 50-day moving averages, and the 50-day moving average is above the 200-day moving average.
This helps confirm that both the short-term and medium-term trend for the stock has now turned positive. Various momentum indicators such as the RSI, Stochastics and MACD are also signaling further upside for the stock in the short term. A retest of the resistance level around SEK 7.00 seems likely in the near term. An established break above the SEK 7.00 level would trigger a very strong technical buy signal for the Hilbert stock, and from the large rectangle consolidation formation that the stock has moved within since the beginning of 2023 (cf. weekly chart). The potential for the stock to break above the SEK 7.00 level would be to around SEK 15.00 – 20.00, as StockCharts365.com assesses it.
StockCharts365.com and SEB see opportunities, as does the BEST Model
Furthermore, the BEST model in Viking provides buy signals for Hilbert Group. This popular and effective technical analysis model was developed by Peter Östevik. He finalized the BEST model around 2019, and after 30 years of experience in technical analysis and Vikingen Financial Software.
What could possibly change the currently very positive technical picture shown by Hilbert Group would be if the stock were to fall below the 50-day and 200-day moving averages and below a now important technical support level around SEK 4.20.
What is Vikingen Investment School?
Vikingen Investment School (the content of which we talk about in this blog) started on May 13, 2024. We have chosen to invest 10 000 SEK and hope that you will join us to learn how to get rich(er) on the stock market. If you have more than 10 000 SEK to invest, it is of course even more interesting, but the principles are the same. Through Vikingen Financial Software and our mentor Peter Östevik, we at Vikingen Investment School select the investment objects that are most worth buying here and now. Since 10/6, we add even more value to the blog by adding the “Analysis of the week” from StockCharts365. com. And since week 41, there is a link to Stockchat in this blog.
Vikingen Financial Software reminds you that past positive results do not always indicate future profits and that all trading is at your own risk.
Sincerely, Catrin Abrahamsson-Beynon
