Winkworth: a year's gains in a month

It’s sometimes hard to keep up with a racing market. Barely had we published our tip on Aim-listed estate agent Winkworth (Buy, 129p, 25 July 2013) when the shares leapt to 200p. Investors are discounting the prospect of an aggressive housing recovery, and demand for these illiquid shares was probably also boosted by this month’s tax change: investors can now buy stocks on the junior market using their Isa. As a generous dividend payer, Winkworth was always going to be popular.