Turbulence in the world. Continuation of Vikingen Investment School and Analysis of the Week
Viking Investment School outperforms index
The Viking Investment School continues to learn. We are above the index, but are of course affected by the general uncertainty in our neighborhood and in the world. Below you can see what we have bought and sold since last Monday and Bjørn Inge Pettersen at StockCharts365 presents “This week’s analysis with stock tips” further down in this blog. What interesting things does he have to tell us today? Read more below.
Analysis of the Week with Stock Tips
“Analysis of the Week” and stock tips is an analysis of an interesting stock in the Nordic region, selected by Bjørn Inge. From time to time, he also focuses on topical and interesting stock market indices, commodities and cryptocurrencies. All analysis is of course done through Vikingen, which Bjørn Inge Pettersen has used almost since the program was launched in 1986. Bjørn Inge started with technical analysis at a young age and has been using Vikingen for 36 years. He has been very satisfied with Vikingen for technical analysis, both in positions as a stock broker, as a technical analyst and as a fund manager. And also as a private investor.
Vikingens Investeringsskola current holdings
Hexatronic (HTRO), this stock we still keep. The stock is performing well and the trend looks good both for the short and long term and the stock is up 11.77% since we bought.
BankNordik P/F a Danish Bank that we choose to keep despite the stock being very still. In the Viking with RSI model we get a double bottom which is usually a good buy signal so we choose to keep the stock and hope for more activity and a rise.
Per Aarsleff Holding we keep this well-run company that has a nice trend forward with a steep upward slope.
Bergman & Beving Aktiebolag, ser B A well-managed company with good fundamental data that, according to its own statement, specializes in acquiring and developing leading companies in niche markets in the industrial and construction sectors. We bought this stock last week and are so far happy with our purchase, so we are keeping.
We chose to sell Saniona AB and Fortinova Fastigheter , which was a wise decision.
We bought some Nobia last week, but the stock has not lived up to expectations and is trending downwards and has broken through its support. We decide to sell.
We have decided to buy:
MPC Container Ships is a Norwegian stock known to many. They have very high occupancy rates on their ships and the stock only seems to go in one direction, up! So we buy this.
BULL NVIDIA X5 NORDNET 1 we also buy. If you want to be a little less adventurous, buy the Nvidia share and not the certificate.
It was the stock market school of the week. Feel free to give us feedback and follow us on FB and/or Linkedin. We look forward to connecting!
Analysis and Stock Tips of the Week by StockCharts365. com for Week 25, 2024
This week StockCharts365. com has taken a closer look at a very exciting company in Sweden: Hilbert Group AB Ser. B (Ticker on First North Sweden: HILB B).
Undervalued share
Based on both the overall positive technical picture for the stock and strong fundamentals surrounding the company, StockCharts365.com considers Hilbert stock to be a very interesting stock. As StockCharts365.com sees it, the stock could have the potential to double, and maybe even multiply, within just the next 1-2 years. StockCharts365.com believes this stock is severely undervalued. This is also the opinion of the major Swedish bank SEB. Read more about it further down the blog!
Significant weighting
StockCharts365.com included Hilbert in its Nordic model portfolio already on December 5, 2023 and then increased the weight in the stock significantly to the price of SEK 4.03 on March 13, 2024. Hilbert now has a weighting of 60 percent in StockCharts365.com’s Nordic model portfolio. The idea is to maintain the high weighting for at least 3-6 months and then hopefully realize some significant gains and perhaps reduce the weight slightly to around 40 percent. Then sit long-term on a significant weighting in Hilbert Group. Hilbert Group AB is the Nordic stock today that StockCharts365.com has the most confidence in both short and long term, hence this significant weighting in the stock in the Nordic model portfolio.
About the Hilbert Group in brief
The Hilbert Group (HILB B) is a tech-enabled investment company run by experienced professionals. It is an investment company specializing in quantitative, algorithmic trading strategies in digital asset markets. Hilbert’s primary business is the asset management of its algorithmic, quantitative trading funds. Hilbert has a team of experienced quants with significant experience in trading, algo programming and risk, supported by an experienced team of professionals with both institutional tradfi but also fintech background. Hilbert’s trading algorithms take advantage of observable statistical properties of cryptocurrency markets, such as volatility and decorrelation. Hilbert’s Cayman fund investment mandate is defined by crypto delta, volatility and withdrawal profiles, from market neutral to directional. Hilbert was established in 2018 by Dr. Niclas Sandström and Dr. Magnus Holm to manage the algorithmic trading strategy, focused on digital assets, that they had programmed and initiated with partners’ capital in April 2017. Hilbert Group is listed on Nasdaq First North in Sweden. The Hilbert Group listing imposes regulatory oversight and transparency. It also provides access to capital to enable ongoing investment in Hilbert’s team and operational platform.
Read more about the company on their website: https://hilbert.group/en/
https://hilbert.group/en/shareholders/
Many are positive about the Hilbert Group
It is not only StockCharts365.com that is very positive about Hilbert Group AB (HILB B), here is an excerpt from an investor letter from SEB to clients on April 10 in connection with Hilbert Group holding an investor conference on April 17:
“Hilbert: A highly scalable and approachable business model. Which means you can generate significant shareholder value once you reach critical scale. The growth of AUM has been slow. But they are selected by the global top-three cryptocurrency bank for first-ever investment in a crypto hedge fund Not least after taking the front page of one of the most influential publications for asset allocators (Hedge Fund Alert) has been building brick by brick since 2017 and is recognized for its extreme focus on risk management (Head if risk). former Head of Risk in Europe for Citadel), transparency, systems and, not least, strong performance.
Hilbert is targeting $300 million in AUM by the end of 2024. Hilbert has a monumental pipeline and is targeting $1 billion in AUM by 2025. Simple math on a 2/20 model assuming 20% performance shows the performance impact ranging from $6 million to $60 million in annual net profit. Adding 10x PE gives you 5-20x return on the stock as we only have a market capitalization of $20 million. Performance in 2023: – Hilbert V100 Fund: +92.7%. – Hilbert V30 Fund: +29.9% – Hilbert V1 Fund: +8.7% www.Coin360.com: 60% ownership. They have 2 million users per month. This activity is self-financed and cash-flow positive. They have big plans for this business. They have said they will come back to the market at a later stage with more information as they review the offer. So let’s see.”
Positive news
On Friday, June 14, 2024, positive news came from Swedish Hilbert Group AB (HILB B), and in connection with COIN360.com, in which Hilbert Group is the majority shareholder with a 60 percent stake. Here is an excerpt from Hilbert Group’s stock exchange release on Friday, June 14, 2024: “Hilbert Group subsidiary COIN360.COM announces major overhaul and strategic partnership with 4+ ventures In comparison, many similar data/analytics sites achieved valuations in excess of $100 million during the recent bear market, despite having significantly less traffic than COIN360.com. COIN360.com, the 60% majority-owned subsidiary of Hilbert Group AB (NASDAQ: HILB B), will undergo a transformative renewal, improving both functionality and architecture. The project, which is scheduled for completion in October 2024, will be led by Stockholm-based company 4+Ventures. The team of experts at 4+Ventures has a stellar track record in digital asset product development, with notable successes in building several successful digital asset and web3 ventures and projects.
Hilbert Group CEO Niclas Sandström shares: “COIN360.com’s metrics are exceptional. In Q1 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. By comparison, many similar data/analytics sites achieved values of $100 million+, despite having significantly less traffic than COIN360.com.” Read the full stock exchange release from Hilbert Group on Friday, June 14, 2024.
Majority shareholder in COIN360.com
Given that similar data/analytics sites such as COIN360.com have been valued at USD 100 million+, this equates to a potential value for Hilbert Group AB (HILB B) for their 60% stake in COIN360.com of approximately USD 60 million. The market capitalization of the entire Hilbert Group AB at a share price of SEK 5.20 is today about SEK 318 million, or about USD 30 million. StockCharts365.com has information from reliable sources that Hilbert Group has had multiple bids for Coin360.com, which are significant without quantifying. Hilbert Group believes there is development potential before any sale. Most likely (think StockCharts365) they could get several times the current market capitalization of Hilbert Group through a possible sale of Coin360.com alone. StockCharts365 therefore believes that the value of Coin360.com alone could exceed the current market capitalization of the entire Hilbert Group AB (HILB B).
Technical Analysis of Hilbert Group AB Ser. B
(Ticker on First North Sweden: HILB B)
The Hilbert stock has triggered several positive technical signals recently. The stock has broken above both the 50-day and 200-day moving averages, and the 50-day moving average is close to being able to break above the 200-day moving average (the Golden Cross signal). Furthermore, the stock is about to break above an important technical resistance level around SEK 5.00, triggering further positive technical buy signals. The next technical resistance levels are now at around SEK 6.00 and then around SEK 7.00-7.50.
Also BEST Model gives buy signal for Hilber stock
The MACD momentum indicator is also in buy signal for Hilbert Group. Another of the favorite models in the Viking is the BEST model. This popular and effective model is also in a buy signal now for Hilbert Group AB Ser. B (HILB B). The BEST model was developed by Peter Östevik. He finalized the BEST model around 2019 after 30 years of experience in technical analysis and with Vikingen.
Breakout from a large rectangle consolidation within short possible
The stock is moving within a large rectangular consolidation formation, and between a technical support level around SEK 3.60 and a resistance level around SEK 7.50. StockCharts365.com believes that the stock could break out of this large rectangle consolidation within a short period of time, in which case it will trigger a very strong technical buy signal for the stock. Breaking up from such large consolidation formations is often followed by a very strong development for the underlying object, that is, here the Hilbert group (HILB B).
Great potential for the Hilbert Group (HILB B)
The potential for the share is estimated at around SEK 15.00-20.00 in 1-2 years. That may seem like a very optimistic price target for the stock in a 1-2 year time frame, but then StockCharts365.com will point to the fundamentals mentioned above in the case here, and where the value of Coin360.com alone could perhaps be as much as double the market cap of Hilbert Group today. In the short term, a retest of the resistance level is signaled in this rectangle consolidation formation, around 7.00 – 7.50.
This was this week’s analysis with stock tips. I hope you find this interesting. Please give us your feedback!
What is the Vikingen Investment School?
The Vikingen Investment School started on May 13th, 2024. We have chosen to invest SEK 10,000 and hope that you will join us in learning how to get rich(er) on the stock market. Our ambition is that you will want to join us on the journey from beginner to skilled investor. If you have more than SEK10,000 to invest, it’s of course even more interesting, but the principles are the same. As of 10/6, we added even more value to this blog by adding “Analysis and Stock Tips of the Week” byStockCharts365. com.
Vikingen shows the way!
Through Vikingen Financial Software and our mentor Peter Östevik, we select the stocks / other investment objects that are most worth buying here and now. Don’t miss a blog episode – follow us on FB and/or Linkedin.
We wish you a happy Summer Solstice!
Vikingen Financial Software would like to remind you that past positive results do not always indicate future profits, and that all stock market trading is at your own risk.
Yours sincerely
Catrin Abrahamsson-Beynon
