You are currently browsing the daily archive for February 16, 2008.

PayPoint (PAY, 600p) gets a good rap from Questor, and the market.

So why then are directors selling big chunks of stock?

This week PayPoint Chairman Anthony Newlands raised £1.74m selling virtually all his shares,

CEO Dominic Taylor sold £2m worth, over a fifth of his holding, leaving him with £7.3m in the company, and

Executive Director Tim Watkins – Rees in December sold a fifth of his holding, leaving him with £3.8m in the company.

On Feb 14th the company issued a reassuring update statement, but I’d be concerned about the growth rate slowing down in the longer term.

So maybe I’d do the same, sell about half my holding (the very rough average % of the directors sales above).

PayPoint terminal
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