Shares in focus: Should you withdraw your cash from PayPoint?

PayPoint is a great business, but can the ATM provider keep on growing? Phil Oakley investigates.

The ATM provider has done well, but the good times are over, says Phil Oakley.

PayPoint's shares have more than tripled in value in the last three years. It has come a long way since it started out in Northern Ireland in 1996 as a way for people to pay utility bills in local shops. By the following year, it had expanded to 1,000 outlets.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.