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.

on line has dropped to

buy 0.6 750k
sell 0.56 150k

we need news quickly.

just got a couple at .61. was all i had in my account but i couldnt resist at that price.

on line has moved to

buy 0.7 500k
sell 0.59 375k

ewr as i said just before the drop aint life great
lol

white westie

Interesting price movements. Initial flow of sales led to buy price being dropped. This indeed brought in the buyers, including jammy old Bosley! Margin restored when shares previously acquired had been sold. Nothing sinister or alarming. A few being shaken out because they don't want to hang around. Bosley is quite right, there are good buying opportunities there if you keep alert - which I don't tend to do; perhaps two or three daily visits. Volume low. Last two trades of 500K shares almost certainly buys not sells. My own view is that the price is not going to move for quite a while - why should there be a notice? But this will give opportunities to accumulate, like today, if you are not already fully stocked up.

Eric

I bought in again today at .61.
Same as Bosley only a small amount as now all funds committed.
I am hoping that when Setstone is relisted(expected soon)that these will tick up on the back of them.
Same as CYC did when China Wonder floated.
We certainly need some impetus for us to break the next level of support
I wish I could stay off the pc instead of taking a peek every couple of hours,its like watching paint dry but I am addicted.
Good luck to all
Stevie

stevie et all. we dont need anything to get the price moving . it will move when its ready to move.results in march will be profitable , see above posts for ratio of profit to share price.wish i had more funds , because what happened yesterday has become almost a feature of cfp share price. i got lucky in that i checked the pc and saw whitewesties post and had a look . i was going to buy something else , but then i thought , why take the risk . there is minimal risk with cfp .
ps ewr its been a long long time since i got called jammy. probably primary school back in 197............ ahem !

Given there's no news at the moment and long termers are happy holding, there's little to encourage any trading in CFP with the ridiculously huge spreads the MMs are tenaciously clinging on to.

If there are any MMs with a market in CFP dropping in - why not narrow the spread to attract more action ? The buyers will come in, the price will move to 1p, early holders will sell some and we end up with a stable 0.9p in anticipation of news - as soon as you get it then mark the price up in anticipation of new buyers coming in, then buy some more shares back from sellers..etc. Don't you guys have performance related bonuses any more ? lol

Thought you guys might be interested in how our little company are spending some of their time at the moment:

Dinkie Heel PLC
21 October 2004

Dinkie Heel plc

Issue of Equity

Dinkie Heel plc (the 'Company') announces that, further to the issue to all
shareholders of warrants to subscribe for further ordinary shares at a price of
2p per ordinary share in the Company as described in the circular to
shareholders dated 26 March 2004, certain shareholders have exercised warrants.

Consequently, application has been made to the London Stock Exchange for the
admission of the further ordinary shares issued pursuant to the exercised
warrants, numbering 4,850, to trading on AIM. This represents 0.003 per cent.
of the issued ordinary share capital of the Company. As a result, the Concert
Party (as described in the circular to shareholders dated 26 March 2004) holds
56.87 per cent. of the issued ordinary share capital of the Company.

Admission is expected to take place on 27 October 2004.

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


Documedia Solutions PLC
19 October 2004



Documedia Solutions PLC

Disposal





Documedia Solutions PLC (the 'Company') announces that its wholly-owned
subsidiary Documedia Solutions (UK) Limited ('Documedia') yesterday entered into
an agreement with Docuprint Limited (Docuprint'), part of the Avad Group
Limited, to sell to Docuprint the business of litho printing of business
stationery carried on at Documedia's Bury St Edmunds site. Under the AIM rules,
Docuprint is not a related party of the Company or Documedia.



The consideration payable by Docuprint was 425,000, payable upon completion
which took place yesterday. This sum was made up of 25,000 of goodwill,
175,000 of stock and work in progress and 225,000 of plant and equipment.



In addition, Docuprint has agreed to pay to Documedia a consultancy fee for
ongoing services totaling 150,000 payable over three years, of which 61,000
became payable upon completion.



The consideration payable to Documedia will be used for working capital.



Commenting on the disposal, the Company's CEO Mark O'Connor said:



'This disposal marks the Company's clear intent to focus solely on further
expanding its successful e-commerce & digital based marketing and publishing
solutions businesses centered in London and Cheltenham. Docuprint will become
our preferred litho print vendor where we win print management contracts. The
Company's focus now is to expand aggressively our marketing services business
and utilise our technology to win more marketing & print management contract
opportunities.'



Contact:



Documedia Solutions PLC



Mark O'Connor - CEO

Bertie Maxwell - Finance Director

020 7553 6600


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

Tellings Golden Miller Group PLC
21 October 2004


Tellings Golden Miller Group plc

Extraordinary General Meeting


Further to the announcements of 1 October and 5 October, an extraordinary
general meeting was held by Tellings Golden Miller Group plc today at which the
resolution to approve the acquisition of Classic Coaches (Continental) Limited
was approved.

Application has been made to the London Stock Exchange for the admission of the
728,276 Consideration Shares (as defined in the circular to shareholders dated 4
October 2004) to trading on AIM which is expected to take place on 22 October
2004.


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

Incidentally, I have set up my own 'Watch List' for those companies in which CFP has an interest. It helps me keep my perspective and gives an insight into what the company are up to.

Regards

PTH

i did the same thing a while ago , pth . havent updated it yet to include ragussa and others that floated recently. one thing i have noticed is that most of cfps companies are well off radar.some days there is very little trading.

Bosley,

Yes, that is very true. Quite a few of them are quite small, and a few seem to be struggling. Tellings, though, got a mention in the Times today, so there is clearly quite a mixture.

PTH

tellings does stand out in that pack . im also watching designer vision closely.does similar thing to centurion electronics(CUC). need more info but potential there , i think.

gentlemen, and ladies,
going back to a posting recently regarding Setstone ! I know CFP aren`t representing Setstone anymore but do they still have a shareholding, bearing in mind there is talk of Setstone relisting again shortly.

Interesting day. 3 trades. 2buys one sell

Incidentally, I haven't seen CFA's Wbe Page link posted on this BB before, for those who are interested:

Regards

http://www.cityfin.co.uk/library.htm

What are the MM's up to ?

A relatively small 122K buy and they up the offer immediately.

It's almost as though they don't want us to buy any shares - does this mean that they're in "accumulation mode" because they have wind of announcements to come ?

We know that CFP are currently working on at least 3 deals (and have been now for some time) - so I suppose that news can come at any time.

very much cfps style . no news until there is something definate.

OG

I am not too sure if you can read anything into the tick up, afterall, they move the price down quicker than a quick thing when a sell appears. However, you may be right about accumulating, although we are told MMs don't take positions. LOL

Regards

PTH

bosley - fair enough I suppose, imagine the volatility if we have announcements like "CFP are now working towards the float of X" followed by large hike in price, and then "Unfortunately company X have decided not to float at the current time" followed by large drop in price....etc ad infinitum.

Much better to know that when the deals are done a good proportion of the revenue is going straight to the bottom line.

I have a feeling that we're going to see a surge towards the end of the year as more annoucements are made, because the company don't need to earn much to get into profit and should they manage to snaffle up some "biggies" we'll be looking at very healthy end of year profits indeed.

I heard that the market makers still bear a grudge from earlier this year when they lost control and were forced to go to the plc to make more stock available and also had to put the sp up to 1.5p to squash demand. Not sure how true this is but they were well peed off at the time. That also fits with the plc's low profile since.