The troubles affecting Neil Woodford were hard to ignore last week. And although I don’t think this is the place to comment on Mr Woodford’s situation, I have been cross-referencing my portfolio with the Woodford Equity Income fund.
I’m interested to see whether any forced selling by the fund manager could create an opportunity for me to top up my own holdings at attractive prices.
As far as I can see, I only own two stocks that feature in the Equity Income fund. One of these is newly-promoted FTSE 250 payment processor PayPoint (LON:PAY). This stock doesn’t feature in the SIF Folio I run here at Stockopedia, but is a part of my main (personal) income-focused portfolio.
As it turns out, PayPoint also comes very close to qualifying for my Stock in Focus screen. So in this piece I’m going to take a brief look at the attractions (and risks) of this high-yield favourite.
The UK’s biggest retail network?
PayPoint operates a network of payment terminals in convenience stores and corner shops. Its network was originally setup to allow customers to make cash payments for utility bills and mobile top ups. But as demand for cash bill payments has…
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