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An update from TOC Property Backed Lending Trust ( (GB:DVNO) ) is now available.
Develop North PLC reported a net asset value total return of 6.3% for the year ending November 2024, with investment income rising by 13% to £1.94 million. The company deployed £9.2 million into seven projects, with a strong focus on the North East of England, reflecting its strategic regional emphasis. Despite economic volatility, the company maintained its dividend policy and executed share buybacks to enhance shareholder value. The company’s portfolio value increased to £21.1 million, with a continued focus on high-quality loan investments.
More about TOC Property Backed Lending Trust
Develop North PLC operates in the real estate investment sector, focusing on a diversified portfolio of fixed rate loans secured over land and property in the UK. The company, managed by Tier One Capital Ltd, emphasizes investments in the North East of England, particularly following a regional devolution deal that enhances its market focus.
Average Trading Volume: 7,398
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £19.48M
For detailed information about DVNO stock, go to TipRanks’ Stock Analysis page.