Bonds Are a Minefield. Where to Find 5% to 8% Yields Now.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2024
0mins
Should l Buy ICG?
Source: MarketWatch
- Challenging Year for Bonds: The year was expected to be great for bonds but has been disappointing so far.
- U.S. Bond Market Struggles: The U.S. bond market is facing challenges with falling prices leading to a 3% decrease in total returns this year.
- No Safe Areas: Even high-yield "junk" bonds are barely positive despite yields over 7%.
- Hope for Improvement: Despite the current situation, there is optimism that the rest of the year could bring better opportunities for bond investors.
- Need for Strategic Investment: To navigate the bond market effectively, investors need to know where to look and make strategic investment decisions.
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Analyst Views on ICG
Wall Street analysts forecast ICG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ICG is 3.50 USD with a low forecast of 3.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.620
Low
3.00
Averages
3.50
High
4.00
Current: 1.620
Low
3.00
Averages
3.50
High
4.00
About ICG
Intchains Group Ltd is a holding company mainly engaged in the provision of altcoin mining products. The Company is principally engaged in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies and the development of World Wide Web 3.0 (Web3) applications. The Company primarily offers mining products including altcoin mining machines that incorporate application-specific integrated circuit (ASIC) chips, as well as ancillary software and hardware. The Company focuses on the design of ASIC chips for blockchain applications. The Company's altcoin mining machines are primarily sold under Goldshell brand. The Company principally conducts its businesses in domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ICG plc Reports Q3 Trading Statement with $127bn AUM as of December 31, 2025
- AUM Growth: As of December 31, 2025, ICG's assets under management (AUM) reached $127 billion, with fee-earning AUM at $85 billion, reflecting a 1% quarter-over-quarter increase and an 11% year-over-year growth, indicating robust performance in asset management.
- Strong Fundraising: In the quarter, ICG raised $4.4 billion, including $1.6 billion from Europe IX and $0.6 billion from Metropolitan II, with LP Secondaries II expected to start generating fees in the coming quarters, enhancing revenue streams.
- Improved Liquidity: ICG reported total available liquidity of £1.4 billion as of December 31, 2025, up from £1.3 billion in H1 FY26, while net financial debt decreased from £401 million to £239 million, showcasing improved financial health.
- Transaction Activity Recovery: Despite variability across asset classes, ICG's transaction activity showed modest recovery in the quarter, with a positive total balance sheet return, reflecting the company's adaptability in the market and potential for future growth.
See More
ICG Enterprise Trust plc Repurchases 10,000 Shares at 1,489 Pence Each
- Share Repurchase Volume: On January 20, 2026, ICG Enterprise Trust plc repurchased 10,000 of its own shares at an average price of 1,489 pence, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
- Treasury Shares Status: Following this repurchase, the total number of treasury shares held by the company reached 1,314,722, while the total shares in issue excluding treasury shares amounted to 62,239,470, indicating a strategic adjustment in the company's share structure in the market.
- Authorization Background: This share buyback was conducted under the authority granted at the shareholders' meeting in June 2025, which permits the company to repurchase up to 14.99% of its ordinary shares, showcasing the company's flexibility and strategic approach to capital management.
- Market Conditions Impact: The company noted that the actual number of shares repurchased will depend on market conditions, and it cannot pay a price that exceeds the net asset value, reflecting a commitment to financial prudence.
See More
Wellington Management Group Increases Stake in Irish Continental Group to 4.99%
- Shareholding Change: Wellington Management Group increased its voting rights in Irish Continental Group to 4.99% as of January 2, 2026, reflecting ongoing confidence in the company despite a previous holding of 5.14%.
- Notification Timing: This acquisition was officially notified on January 5, 2026, indicating Wellington's commitment to transparency and compliance in managing its investment portfolio.
- Shareholder Structure: The increase involves multiple shareholders, including Chase Nominees Ltd. and State Street Nominees Ltd., showcasing Wellington's multi-tiered holding structure in managing its investments.
- Voting Rights Impact: With Wellington's stake nearing the 5% threshold, this could influence shareholder voting dynamics at Irish Continental Group, enhancing its voice in corporate governance matters.
See More
FMR LLC Crosses 6% Voting Rights Threshold in Irish Continental Group
- Shareholding Change: FMR LLC's voting rights in Irish Continental Group increased to 6.2374% as of December 31, 2025, up from 5.1192%, reflecting continued confidence in the company's prospects.
- Notification Timing: The change was officially notified on January 2, 2026, indicating the company's commitment to transparency and compliance, which enhances market trust in its governance structure.
- Voting Rights Structure: FMR LLC holds 9,258,310 voting rights directly, further solidifying its influence in corporate decision-making, which could significantly impact future shareholder meeting outcomes.
- Control Chain: As a holding company, FMR LLC demonstrates effective management of voting rights through multiple subsidiaries, strengthening its strategic position within Irish Continental Group.
See More
Irish Continental Group Voting Rights Change to 21.65%
- Voting Rights Change: Eamonn Rothwell and Rokeby Investments Limited's voting rights reached 21.65% on January 2, 2026, up from 20.01%, indicating a significant increase in control that may influence future corporate decisions.
- Shareholding Structure: Rokeby Investments Limited holds 13.48% of the voting rights, while Rothwell himself holds 8.17%, highlighting their significant positions in corporate governance, which could affect shareholder voting and strategic direction.
- Notification Obligation: This change complies with the Central Bank of Ireland's notification requirements, ensuring transparency and maintaining market trust, which may positively impact investor confidence.
- Future Outlook: With the increase in voting rights, Rothwell and his investment firm may play a larger role in major corporate decisions, potentially influencing the company's long-term strategic development.
See More
Irish Continental Group Confirms Total Issued Share Capital of 148,432,980 Units as of December 31, 2025
- Capital Confirmation: As of December 31, 2025, Irish Continental Group confirms a total issued share capital of 148,432,980 units, indicating compliance with transparency regulations and enabling shareholders to accurately calculate their ownership interests.
- Voting Rights Units: All 148,432,980 units carry voting rights, providing shareholders with ample opportunity to participate in corporate governance, thereby enhancing company transparency and shareholder trust.
- No Treasury Shares: The company confirms that it holds no treasury shares, indicating clarity in its capital structure, which helps boost investor confidence in its financial health.
- Regulatory Compliance: This announcement adheres to the requirements of the Transparency Directive (2004/109/EC), ensuring the company's compliance in information disclosure and further strengthening market trust in the organization.
See More
ICG plc Reports Q3 Trading Statement with $127bn AUM as of December 31, 2025
- AUM Growth: As of December 31, 2025, ICG's assets under management (AUM) reached $127 billion, with fee-earning AUM at $85 billion, reflecting a 1% quarter-over-quarter increase and an 11% year-over-year growth, indicating robust performance in asset management.
- Strong Fundraising: In the quarter, ICG raised $4.4 billion, including $1.6 billion from Europe IX and $0.6 billion from Metropolitan II, with LP Secondaries II expected to start generating fees in the coming quarters, enhancing revenue streams.
- Improved Liquidity: ICG reported total available liquidity of £1.4 billion as of December 31, 2025, up from £1.3 billion in H1 FY26, while net financial debt decreased from £401 million to £239 million, showcasing improved financial health.
- Transaction Activity Recovery: Despite variability across asset classes, ICG's transaction activity showed modest recovery in the quarter, with a positive total balance sheet return, reflecting the company's adaptability in the market and potential for future growth.
See More
ICG Enterprise Trust plc Repurchases 10,000 Shares at 1,489 Pence Each
- Share Repurchase Volume: On January 20, 2026, ICG Enterprise Trust plc repurchased 10,000 of its own shares at an average price of 1,489 pence, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
- Treasury Shares Status: Following this repurchase, the total number of treasury shares held by the company reached 1,314,722, while the total shares in issue excluding treasury shares amounted to 62,239,470, indicating a strategic adjustment in the company's share structure in the market.
- Authorization Background: This share buyback was conducted under the authority granted at the shareholders' meeting in June 2025, which permits the company to repurchase up to 14.99% of its ordinary shares, showcasing the company's flexibility and strategic approach to capital management.
- Market Conditions Impact: The company noted that the actual number of shares repurchased will depend on market conditions, and it cannot pay a price that exceeds the net asset value, reflecting a commitment to financial prudence.
See More
Wellington Management Group Increases Stake in Irish Continental Group to 4.99%
- Shareholding Change: Wellington Management Group increased its voting rights in Irish Continental Group to 4.99% as of January 2, 2026, reflecting ongoing confidence in the company despite a previous holding of 5.14%.
- Notification Timing: This acquisition was officially notified on January 5, 2026, indicating Wellington's commitment to transparency and compliance in managing its investment portfolio.
- Shareholder Structure: The increase involves multiple shareholders, including Chase Nominees Ltd. and State Street Nominees Ltd., showcasing Wellington's multi-tiered holding structure in managing its investments.
- Voting Rights Impact: With Wellington's stake nearing the 5% threshold, this could influence shareholder voting dynamics at Irish Continental Group, enhancing its voice in corporate governance matters.
See More
FMR LLC Crosses 6% Voting Rights Threshold in Irish Continental Group
- Shareholding Change: FMR LLC's voting rights in Irish Continental Group increased to 6.2374% as of December 31, 2025, up from 5.1192%, reflecting continued confidence in the company's prospects.
- Notification Timing: The change was officially notified on January 2, 2026, indicating the company's commitment to transparency and compliance, which enhances market trust in its governance structure.
- Voting Rights Structure: FMR LLC holds 9,258,310 voting rights directly, further solidifying its influence in corporate decision-making, which could significantly impact future shareholder meeting outcomes.
- Control Chain: As a holding company, FMR LLC demonstrates effective management of voting rights through multiple subsidiaries, strengthening its strategic position within Irish Continental Group.
See More
Irish Continental Group Voting Rights Change to 21.65%
- Voting Rights Change: Eamonn Rothwell and Rokeby Investments Limited's voting rights reached 21.65% on January 2, 2026, up from 20.01%, indicating a significant increase in control that may influence future corporate decisions.
- Shareholding Structure: Rokeby Investments Limited holds 13.48% of the voting rights, while Rothwell himself holds 8.17%, highlighting their significant positions in corporate governance, which could affect shareholder voting and strategic direction.
- Notification Obligation: This change complies with the Central Bank of Ireland's notification requirements, ensuring transparency and maintaining market trust, which may positively impact investor confidence.
- Future Outlook: With the increase in voting rights, Rothwell and his investment firm may play a larger role in major corporate decisions, potentially influencing the company's long-term strategic development.
See More
Irish Continental Group Confirms Total Issued Share Capital of 148,432,980 Units as of December 31, 2025
- Capital Confirmation: As of December 31, 2025, Irish Continental Group confirms a total issued share capital of 148,432,980 units, indicating compliance with transparency regulations and enabling shareholders to accurately calculate their ownership interests.
- Voting Rights Units: All 148,432,980 units carry voting rights, providing shareholders with ample opportunity to participate in corporate governance, thereby enhancing company transparency and shareholder trust.
- No Treasury Shares: The company confirms that it holds no treasury shares, indicating clarity in its capital structure, which helps boost investor confidence in its financial health.
- Regulatory Compliance: This announcement adheres to the requirements of the Transparency Directive (2004/109/EC), ensuring the company's compliance in information disclosure and further strengthening market trust in the organization.
See More
