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TOC Property Backed Lending Trust ( (GB:DVNO) ) just unveiled an announcement.
Develop North PLC has launched a UK retail offer via BookBuild and a separate offer for subscription of new ordinary shares at 81.6 pence per share, as part of an initial capital-raising exercise that will precede a wider share issuance programme. The Initial Issue, which is subject to shareholder approval, regulatory admissions and other customary conditions, is intended to fund further investments in line with the company’s proposed investment objective and policy, broadening and diversifying its property-backed lending portfolio. The retail offer, open from 16 January to 30 March 2026 to eligible UK investors through participating intermediaries with a minimum subscription of 1,000 shares, will see the new shares admitted to trading on the London Stock Exchange’s Main Market on 2 April 2026, with the new stock ranking pari passu with existing shares and offering retail shareholders a direct route to participate in the company’s next phase of growth.
The most recent analyst rating on (GB:DVNO) stock is a Hold with a £74.00 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 GB:DVNO Stock
According to Spark, TipRanks’ AI Analyst, GB:DVNO is a Neutral.
The score is driven primarily by strong recent profitability, modest leverage, and solid free cash flow, complemented by an attractive dividend yield. These positives are tempered by weaker technical positioning (below key moving averages with negative MACD) and some uncertainty from uneven historical revenue and cash-conversion data.
To see Spark’s full report on GB:DVNO stock, click here.
More about TOC Property Backed Lending Trust
Develop North PLC is a UK-listed investment company focused on property-backed lending, deploying capital into secured real estate-related assets to generate income and diversify its portfolio for shareholders. The trust targets a range of property-backed investments, aiming to expand and rebalance its asset base in line with its stated investment objectives and policy.
Average Trading Volume: 8,115
Technical Sentiment Signal: Sell
See more insights into DVNO stock on TipRanks’ Stock Analysis page.