TOC Property Backed Lending Trust (GB:DVNO)
LSE:DVNO
Want to see GB:DVNO full AI Analyst Report?
DVNO Stock Chart & Stats
67.50 p
78.00 p(100.00%)
At close: 4:00 PM EST
67.50 p
78.00 p(100.00%)
Day’s Range― - ―
52-Week Range63.00 p - 86.00 p
Previous CloseN/A
Volume27.83K
Average Volume (3M)6.54K
Market Cap
£19.65M
Enterprise Value26.20M
Total Cash (Recent Filing)£707.00K
Total Debt (Recent Filing)£6.78M
Price to Earnings (P/E)44.9
Beta-0.12
Next Earnings
Aug 12, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield5.93%
Share Statistics
EPS (TTM)0.02
Shares Outstanding26,025,839
10 Day Avg. Volume8,274
30 Day Avg. Volume6,541
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)0.87
Price to Sales (P/S)7.04
P/FCF Ratio17.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Revenue RecoveryA ~34% revenue rebound in 2025 signals durable improvement in originations or asset performance after prior weakness, strengthening the top‑line base. Sustained revenue growth supports underwriting scale, fee income and provides a steadier foundation for earnings over the next several quarters.
Strong Equity BaseA recurring equity base of ~£19–23m gives the trust loss‑absorption capacity and capital stability crucial for a property‑backed lending model. This equity buffer enhances resilience to credit mark‑downs and supports continued lending operations without immediate recapitalization pressure.
Consistent Operating Cash FlowPositive operating cash flow historically demonstrates the business generates cash from core lending activities, underpinning dividend capacity and reinvestment. Even if weakened recently, recurring OCF indicates core cash generation that can sustain operations and absorptive losses over time.
Bears Say
Earnings VolatilityA sharp decline in net income reduces retained earnings and the margin of safety for a lending trust. Persistent earnings volatility makes planning distributions and provisioning harder, heightening downside risk if asset performance or credit costs worsen in the medium term.
Rising LeverageMaterial increase in debt raises financial leverage and funding sensitivity for a property‑backed lender. Higher indebtedness constrains flexibility, amplifies earnings variability from funding cost moves, and increases refinancing and liquidity risk across the next several quarters.
Deteriorating Free Cash FlowA drop of free cash flow to zero curtails internal capacity to fund new loans, cover distributions or build reserves. Reliance on external financing or equity to grow or meet payouts raises execution risk and can pressure returns if capital markets tighten over the coming months.
TOC Property Backed Lending Trust News
DVNO FAQ
What was TOC Property Backed Lending Trust’s price range in the past 12 months?
TOC Property Backed Lending Trust lowest share price was 63.00 p and its highest was 86.00 p in the past 12 months.
What is TOC Property Backed Lending Trust’s market cap?
TOC Property Backed Lending Trust’s market cap is £19.65M.
When is TOC Property Backed Lending Trust’s upcoming earnings report date?
TOC Property Backed Lending Trust’s upcoming earnings report date is Aug 12, 2026 which is in 52 days.
How were TOC Property Backed Lending Trust’s earnings last quarter?
TOC Property Backed Lending Trust released its earnings results on Mar 12, 2026. The company reported -0.003 p earnings per share for the quarter, missing the consensus estimate of N/A by -0.003 p.
Is TOC Property Backed Lending Trust overvalued?
According to Wall Street analysts TOC Property Backed Lending Trust’s price is currently Overvalued.
Does TOC Property Backed Lending Trust pay dividends?
TOC Property Backed Lending Trust pays a Quarterly dividend of 1 p which represents an annual dividend yield of 5.93%. See more information on TOC Property Backed Lending Trust dividends here
What is TOC Property Backed Lending Trust’s EPS estimate?
TOC Property Backed Lending Trust’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does TOC Property Backed Lending Trust have?
TOC Property Backed Lending Trust has 26,025,839 shares outstanding.
What happened to TOC Property Backed Lending Trust’s price movement after its last earnings report?
TOC Property Backed Lending Trust reported an EPS of -0.003 p in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 1.307%.
Which hedge fund is a major shareholder of TOC Property Backed Lending Trust?
Currently, no hedge funds are holding shares in GB:DVNO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
TOC Property Backed Lending Trust
Develop North PLC primarily provides fixed-interest loans, with the majority secured against land and/or property located in the United Kingdom. Beyond this core offering, the company also invests in other loan-based financial assets. Its investment portfolio includes various debt instruments, notably senior secured loans, as well as other forms of financing such as bridging loans, subordinated loans, and selected bespoke loan arrangements. The firm, founded in 2016 and based in Chelmsford, UK, operated under the name TOC Property Backed Lending Trust Plc until its renaming to Develop North PLC in May 2022.
Technical Analysis
ICG plc
―
Foresight Group Holdings Ltd.
―
―
Bridgepoint Group Plc
―
Pollen Street Group Limited
―
Options Prices
Currently, No data available
---