Crimsonwing and RS2 reach new highs

Further demand for the equities of Crimsonwing plc and RS2 Software plc was evident in the market today on the back of the recent new contract and expectations by the company's directors of improved financial performances. Crimsonwing shares climbed by 5% to yet another 25-month high of €0.42 on a single deal of 25,000 shares. Recently, the CEO of Crimsonwing stated that the Group is expected to report improved performances from the current financial year and is on the way to reach its target of a pre-tax profit figure of €2 million by the financial year ending 31 March 2014. Similarly, the share price of RS2 edged 1.6% higher to a fresh 40-month high of €0.64 across three trades totalling 35,500 shares. In its latest communication to the market, RS2 revealed a second licence and service agreement worth €1.5 million following the similar €5 million contract announced in September. Moreover, the Company is in advanced negotiations with respect to another licence and service agreement as well as the first deal in connection with its new managed services. As such, the Directors of RS2 expect the results of 2012 to be better than those of 2011. In the small cap segment, a single trade...