Develop North Director Brendan O’Grady Buys Shares in Offer for Subscription

TOC Property Backed Lending Trust ( (GB:DVNO) ) just unveiled an update.

Develop North PLC has disclosed that person discharging managerial responsibilities Brendan O’Grady has purchased 12,255 ordinary shares in the company via an offer for subscription on 2 April 2026, at a price of £0.816 per share. The transaction, carried out on the London Stock Exchange for an aggregate value of £10,000.08, reflects insider participation in the company’s equity and is reported in line with market abuse regulatory requirements for PDMR dealings.

The most recent analyst rating on (GB:DVNO) stock is a Hold with a £85.00 price target. To see the full list of analyst forecasts on TOC Property Backed Lending Trust stock, see the GB:DVNO Stock Forecast page.

Spark’s Take on DVNO Stock

According to Spark, TipRanks’ AI Analyst, DVNO is a Neutral.

The score is primarily held back by weaker 2025 fundamentals (sharp net income decline, higher leverage, and free cash flow falling to zero) despite strong revenue growth. Offsetting this, the technical setup is moderately positive with price above key moving averages and positive MACD, and valuation is attractive with a low P/E and high dividend yield.

To see Spark’s full report on DVNO stock, click here.

More about TOC Property Backed Lending Trust

Develop North PLC is an investment company focused on providing property-backed lending, typically funding real estate and development projects through secured loans. Its shares are listed on the London Stock Exchange, giving investors exposure to income from a diversified portfolio of property-related lending assets.

Average Trading Volume: 5,192

Technical Sentiment Signal: Strong Buy

Learn more about DVNO stock on TipRanks’ Stock Analysis page.