Physitrack (PTRK): Market Overreaction Creates an Attractive Entry Point
Kristoffer Lindström
Feb 3, 2026
We are adding our first position to the portfolio. It’s a Swedish-listed SaaS microcap company whose share price is down down 46% from its 6-month high.
Embracer Group (EMBRACB): Coffee Stain Spin-off Poised to Unlock SEK 9bn in Hidden Value - Conviction Case
Kristoffer Lindström
Aug 23, 2025
The planned 2025 Coffee Stain spin-off could reveal SEK 9bn in value, underscoring the studio’s industry-leading margins and capital efficiency. With Fellowship Entertainment implied at just ~2.7x EBIT and heavy insider buying signaling conviction, we see a clear path toward a 50–80% upside as the valuation gap narrows.
