Final Results Due In March 2005.

http://www.cityfin.co.uk
Trades over 450,000 shares are delayed in reporting by 1 Hour.

One of City Financial Associates (CFP's) main operating goals is to bring fledgling companies to the market. With the depressed stock market over the last few years many potential clients have deffered entry to the LSE. Markets have now turned and the reality of a sucession of new floatations is growing. CFP are well positioned to enjoy the rewards that will be benefited to them in this growing market place.

Why the EXCITEMENT - will here are the reasons why I think we're on a winner.

1) My motto is when it's comes to investing there are three things. Management, management and management. With any good investment - the management should be the driving force in a company. Can they cut the mustard, are they dynamic, do they have good contacts? I think so if you read the following profile.

Stephen Barclay, Executive Chairman

Stephen Barclay, aged 61, qualified as a Chartered Accountant in 1964 with Robson Rhodes before obtaining an MBA degree from Wharton Business School in 1967. In 1989, after a career during which he reorganised various companies, he established City Financial Associates Plc (formerly Clifton Financial Associates Plc) to provide corporate finance advice to small to medium sized private and public companies. In August 1998, City Financial Associates Plc was purchased by Talisman House Plc (now Seymour Pierce Group Plc) where he became group executive chairman. In December 1998, Talisman House Plc purchased an institutional stockbroker, Seymour Pierce Limited, where he became executive chairman. He resigned as a director of Seymour Pierce Group Plc and various other group companies at the end of March 2001 to found CFA Capital Group Plc. He is a director of a number of public companies including MICE Group Plc and Talisman First Venture Capital Trust Plc and is a governor of the London School of Economics and Political Science.

John Shaw, Executive Director

John Shaw, aged 54, qualified as a Chartered Accountant in 1975 with Touche Ross & Co in London. Subsequently he spent two years seconded to the Quotations Department of the London Stock Exchange returning to Touche Ross & Co to join the Corporate Finance Group until 1982. After a period as a sole practitioner, he joined Chase Investment Bank Limited in 1985, was appointed a director and founded the Equity Investment Group, formed to invest in unquoted companies. In 1990 he joined Henry Ansbacher & Co Limited as an Assistant Director of Corporate Finance. He started working with City Financial Associates Plc in early 1995 and was appointed a director in December 1996. He was appointed a director of Seymour Pierce Limited in December 1998 where he was initially Head of Corporate Finance and latterly Head of Private Equity. He resigned from Seymour Pierce Limited and various other group companies at the end of March 2001 to found CFA Capital Group Plc.

2) They have turned a 2 million loss into nearly a profit if you ignore costs for discontinuing operations - that some turn around.

3) With only small market capital of 3.83M it's feasible to suggest they could make a good profit this year as they have already got off to a good start signing more clients.

A profit of half million would give a pe ratio of 7.66

1 million a pe ratio of 3.83

1.5 million a pe ratio of 2.55

2 million a pe ratio of 1.91.

So it would only take a small profit to make this company super undervalued. Consider the possibility they could achieve a 2 million profit this year, which is the least, I expect, we could be looking at a share price of 7p. YES THAT'S 7P (An average p/e for the sector is 16.) Even with a profit of only 1 million that's still an upside of 3.5p.

3) Consider the fact that some of their clients pay their fee by way of giving large share holdings to CFP. All it would take is two or three creamy companies to give them valuable portfolio holding which they could cash in at a substantial return.

4) The IPO is sector has already increased three fold this year. More and more companies are coming into AIM and from abroad then ever before. Rules have changed where foreign companies can use a fast track scheme to get on board more quickly then ever before. I'm sure CFA Associates are well positioned to benefit with this increase in volume.

5) We could see a re-rating this year in this sector, which would be the cherry on the top.

I rest my case, to me this is a no brainer unless you want to wait for the next results for proof they have achieved profitability. If that's your cautious approach, fine but by then, you can then expect a much higher share price then now.

Major Shareholdings:
Stephen John Barclay 64,600,000 11.66%
Pershing Keen Noms Ltd 49,610,000 8.95%
John Richard Shaw 29,400,000 5.31%

RNS Number:9414C
CFA Capital Group PLC
15 September 2004

CFA Capital Group plc
Interim results for the 6 months ended 30 June 2004
CHAIRMAN'S STATEMENT

Highlights

* Nominated Adviser to 20 AIM companies - broker to 15 AIM companies

* Currently handling a number of AIM flotations and other major transactions

* Strong second-half order book - solid outlook for year

* Turnover for the period up 95% to #510,000 (6 months to 30 June 2003:
#262,000 from continuing operations)

* Losses before taxation of #58,000, (loss 6 months to 30 June 2003:
#208,000 from continuing operations)

* Currently recruiting to further strengthen team

Introduction
I am pleased to announce that CFA is now retained as Nominated Adviser to 20 AIM
companies and broker to 16 AIM companies. The company is currently working on a
number of AIM flotations and other major transactions, and as such has built a
strong order book for the second half of 2004. The fees generated by this
activity, taken together with our underlying retainer income and largely-fixed
overhead base, leaves us well-positioned for a satisfactory outcome to the year
as a whole.

Sharply reduced losses for the first half were achieved even though we had to
incur costs on two flotations that were not completed until July 2004 which
generated revenues of #225,000. These revenues were not recognised in the
results to 30 June 2004.

Turnover for the period nonetheless increased 95% to #510,000 (6 months to 30
June 2003: #262,000 from continuing operations), with losses before taxation of
#58,000 showing a marked improvement from #208,000 (6 months to June 2003 -
continuing operations).

Following the sale of CFA Securities Limited in 2003, CFA is now firmly focused
on servicing the needs of clients who are essentially AIM listed companies run
by entrepreneurs. We now have a team of eight, comprising executives and support
staff, providing corporate finance and broking advice. We are in the process of
recruiting further executives to join the team. This recruitment will ensure
client service levels are maintained as we meet the increasing demand for our
services.

In accordance with my statement on the results for the year to 31 December 2003,
CFA started the beginning of 2004 with a good pipeline of work and with a degree
of optimism that market conditions would enable these deals to be completed and
this was the case in the first quarter to 31 March 2004. However, in the second
quarter, in a number of cases transactions that we anticipated completing in the
first half have either been completed since the end of June or have been
deferred. This adversely affected our earlier expectations of financial
performance in the first half of the year.

Financial review
Despite these factors CFA achieved a creditable result in the first half.
Turnover was #510,000 (6 months ended 30 June 2003: #262,000 from continuing
operations), overheads (including plc running costs) were #609,000 (2003:
#458,000 on continuing operations) and the loss before taxation for the period
was #58,000 (6 months ended 2003: loss #208,000).

These results need to be seen in the context of our having completed the
flotation of Smallbone plc (admitted to AIM on 26 July) and Ragusa Capital plc
(admitted to AIM on 15 July). No income is taken into account in the period in
respect of these transactions, although a significant amount of the costs
relating to these flotations were incurred in the period.

CFA is now retained as Nominated Adviser to 20 AIM companies and retained Broker
to AIM 15 companies. Annualised recurring income currently totals over #340,000
representing approximately 30 per cent of total budgeted group costs, and we
anticipate that our level of retainers and this source of revenue will show a
significant increase by the year end. Our increasing base of retained clients
not only provides a source of recurring revenue but is also a prime source of
transactions.

On 27 May 2004 we announced a placing of 65 million new ordinary shares at a
price of 0.7p per share, to raise #441,340 net of expenses. As at 31 December
2003 the net assets of CFA Capital Group plc were #534,000. The impact of the
placing and the small loss in the period, has been to increase the Group's net
worth as at 30 June 2004 to #914,000, creating a sound financial base.

Current trading
We currently have a strong order book both in respect of a number of AIM
flotations and other transactions partially arising through our existing client
base. On the basis that we complete a good number of these transactions, we
anticipate a satisfactory outcome for the year as a whole.

Summary
On 31 July 2004, John Shaw stood down as a Director of CFA Capital Group plc and
all Group companies. John has worked with me for over 10 years and was a founder
shareholder of the Company in 2001. The Board thanks John for his significant
contribution and wishes him well for the future.

The Board also extends its thanks to the entire team for their efforts so far
this year.

blimey ! now would be a very good time for the cfp share price to follow cyc!!!!!!!!

Yes, that would be very nice,it only takes a few blasts of good news to make these babies fly. cfp will have its share too.

1 mil buy just gone in as SELL, hmmm.

Well - if we're on track to rise like CYC it looks like at least 2p by Christmas !

just picked this up on the advfn bb

"pricemilne5 - 5 Oct'04 - 21:27 - 131 of 134

Well the good news is that that elusive news we've all been waiting for could soon be here!
In the latest edition of Growth Company Investor, a small article about CFA Cpital, reads "CFA is hoping to float three companies on AIM over the next month or two" Firstly another bus operator, based in Derby?? to follow the success of "tellings golden miller" and two other cash shells, with good management teams. In addition to these the article further highlights the propect o a telephone management concern, whose mandate has been picked up from another adviser.
What is even more interesting is the magazine then includes an article regarding companies whose earnings easily cover their dividend payments, and how they might offer strong future growth opportunities. Included in this list is TELLINGS GOLDEN MILLER, who have recently declared maiden dividends.
How will this benfit CFP, will they get a share of that dividend, or do they hold shares? IMHO all the above adds to my view that CFP will be a great share in 1-2 years time. Glad i topped up with another 100k yesterday!"

blimey!!! nice rise!!heres hoping we go the way of cyc

cam down bosley old chap
cam down

i am calm dead, old friend. im cool as siberia in the dead of winter on a cold siberian night when its howling with an icy blasting wind outside and spit freezes as it leaves your mouth .honest!

thats pritty cool then bos old man
but im dead
how cool is that
with internet connection from the grave
lol

get in get going cfp cfp cfppppp

no offence bosley and deadfred but how can we expect people to take this stock seriously with you to continually acting as jokers on here. Why dont you take your personal jokes to your personal email accounts or something. No offence.

WE NEED A TIGHTER SPREAD..

WHERE IS SUE HELEN HAS SHE BEEN BULLIED OF HERE

thesaurus - a tighter spread will encourage more buyers in chunks, however the MMs make much more money this way.

As soon as the next significant news comes out, I suspect those currently sitting on the fence will have their buying hats on. When the buying starts in earnest the price certainly looks destined to rise in CYC fashion because there are not that many shares available to trade.

My take on SueHelen (and I could be totally wrong) is that she is normally an excellent predictor of short-term trends and makes a good profit by doing so. Some time ago she said that she still held some CFP, though may have been stopped out by now.

CFP had it's short term burst back in May - now we just need to look for the longer term sustained increase in sp which will take CFP into the realms of "multi-bagger" territory.

As an extra bonus (for me anyway) is that after holding for 2+ years (when CFP will really be motoring), anyone paying CGT at 40% will have that reduced to 10% when they sell.

thesaraus, no offence , but i havent seen a thread yet on this bb that is serious.there is nothing wrong with a little lightheartedness while we wait for other people to wake up and realise the potential of this company.and believe me , i do take this seriously.nobody likes to lose money .

Ashdene Group PLC
07 October 2004

ASHDENE GROUP PLC ('THE COMPANY')

DISPOSALS REDUCING HOLDING IN COMPANY BELOW 3%

Pursuant to Section 198 of the Companies Act 1985, the Company received
notification on 5 October 2004 that, CFA Capital Group Plc sold 5,000,000 shares
in the Company on 30 September 2004. CFA Capital Group Plc no longer holds an
interest in the Company.

This information is provided by RNS
The company news service from the London Stock Exchange

Looks like they got 0.05p for them. ie

5mil @ 0.5p =25,000 to the balance sheet

minus the normal handling charge

overgrowth the next piece of good news is along way a way i am thinking results

what, if any, involvement do you think CFP may have with Seymour Pierce (IMH) in collating alternative plan for Man Utd with Keith Harris ?? My personal opinion is that these two companies remain close and it will need a lot of effort on many parts to put a 600m package together.

If Keith Harris is taking over Man U, does that mean that Orville is going to be the mascot?

that could then mean the return of Becks !!! and the club song would dramatically change. we ought to have a competition for Man U support words to his song `I wish I could fly`
what a bloody disaster all round