IN BRIEF: Develop North net asset value slips over half-year

Develop North PLC - formerly known as TOC Property Backed Lending Trust PLC - Net asset value ...

Alliance News 10 August, 2022 | 6:12PM
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Develop North PLC - formerly known as TOC Property Backed Lending Trust PLC - Net asset value total return 0.2% in six months to May 31, with net asset value falling to 83.1 pence from 83.9p. Over same period, Association of Investment Companies' "Property-Debt" sector records total return decline of 1.2% while AIC's "Debt-Loans" sector records growth of 2.7%. "We now see building sites coming to life, cranes moving, old projects re-starting and new schemes being placed on the drawing board. Under its much more dynamic and appropriate new name of Develop North PLC, the company stands ready to move on to the next phase of its life," it says.

Current stock price: 86.00p

12-month change: flat

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Develop North Ord 78.00 GBX 0.00 -

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