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.

Is that 30000 shares or ?

stevieweebie
spot on.

hey ppl time to get real the real rampers show there true colours when the arse falls out of things

and stevie before you call anyone a jessie think on

or you may be in the road of a flying handbag

imho which im entitled to on anything same as you and i lost on this share because of things out with my or anyone elses control
ie md and an ex employee selling at sametime(smell something yet)

so as for this jessie id stop advising or giving a poss on this babe till there is something to go on

and for taylormade we all see your point m8 but its like this

if i was running a bank and you came up to me and said were is my money
and i replied dont know anything about it you would be worried would you not
bet you bank manager would be asking major questions to those on high

now try me running a company and someone has just sold a massive chunk (not just someone the md who then retires and an ex employee )without even a bye or leave)) and i dont know anything about it(this is what i was told on the phone)the person also said he was not to happy about it,understatment or what)) now how do you feel

investing by its name means a gamble(a measured gamble i mean)you look read and research then decide if its worth it

but how do you research a sudden fall in price without any news then a major sell that no one knows anything about not even the md of the company

bottom line in my honest opinion we was took pure and simple

i hope advfn get ther 10% and i hope they ask major questions because this share stinks imho

not because of what it might become but because of how it treats its sharholders like there own piggy bank imho

if i was md i would be kicking some ass all over the place for what happened

lucky for some ppl i aint

have a nice day now you all

the dead

Let's chill out, guys, especially Steviewee! Agree wih Dead Fred - We are ALL entitled to our OWN OPINIONS. After all - that's what we do. This is what a BB is for - sounding out, chatting, interacting, and so forth. Don't let this degenerate like some of the other BB's I've read.....

Whether it be positive OR negative - Everyone has their say.

I must say I enjoy deadfred: he reports with a deal of wit and you know where he stands. So, the dead, sing your morbid songs for a while yet - it raises a sepulchral cackle!

You also deserve to be answered. Rawlinson knew all about Barclay going and Shaw had already gone. Barclay clearly sold most of his holding to Griffin. This was on the same day as the trading statement and the announcement of Rawlinson's role as Chief Executive so was clearly with his knowledge. It was done alongside the trading statement so out of the close period and above board.

So B and S have gone, G has come and gone: we have now moved on to a new era. Cathie and Murray, the other key players in the team, are now directors. There are 22 advisory clients and 18 broker clients who pay for a watching brief. You can read about it on www.cityfin.co.uk - the team's credentials appear impeccable and relevant. In April we will learn how they are getting on, probably not before.

So, deadfred, you reacted by TTBOOP I reacted by taking a decent stake and have also nominated them in the 2nd ASOS Challenge portfolio (subscribers stillwelcome on that thread). May I humbly suggest that we put the past behind us and talk about the present and future? - if it is to be with melancholy, so be it.

Eric

Eric
I respect tour tolerance and am normally very easy going myself; however when your out of pocket by a considerable amount it becomes a bit harder to bite your tongue.
I have been in this share since Fred bought in and have held,( my decision and I remain fully accountable for it).
However there is an expression, not particularly nice, but apt that may apply to certain posters.

'Shit or get off the pot'.

Okay I've said enough.
Good luck to all HOLDERS
If I had enough nerve I would top up again however my average is now .068 LOL
Regards
Steve

stevieweebie, I agree with your comments, i too am considerably down on this one but, if it's any consolation, i still feel that it will come good.....the mm's are soaking up all the sells and you can still sell 1.5 million online...that tells me that someone see's a greater value than the current share price and will have to make themselves known when they have fullfilled their 'T' order.

Butane. for all my recent comments and concerns, I too believe they will eventually succeed,as all the messy goings on with share manipulation do not affect the actual work being done within the company.

steevieweebie: I enjoyed the SOGOTP! Problem is that they have done the business (i.e. sold) and stayed on the pot! Are they attached or is it just inertia!
Butane, snakey: agree; the fact is that share manipulations have nothing to do with the company. Good professional guys getting on with the job. I suspect that the mistake made by the original directors was going into the public domain; but then again, they had to because their business is floating others on AIM!

Eric

Guys
I rarely post as I do not have anything significant to contribute;however I'm not yet too despondant about this share.
I have been holding a wee share; ticker CHR that like CFP was down 60%.
This has now risen approx 80% in 3 weeks on the back of broker upgrades and the share is a solid hold in my book.
I lost too much money by selling the losers AHT MDW etc only to see them rally some months later.
I think that it was Warren Buffet that said that 'The stockmarket is a device for transferring money from the impatient to the patient.
I have at last learned this lesson for I feel that it is a very valuble one.
Good luck with Stanelco by the way Eric.
I've had it on my watchlist for some months now.
Thanks Butane Lets keep the optimism going.
Regards
Steve

Remember Stevie we all get burnt now and then.
Still ready to go the long haul on this one though.
Lets hope we all have a good drink on this and we'll invite Fred along for the humourous entertainment.

Good luck to all !

thx lads stevie ill iggi the shit part youve had your two strikes

i lost m8 same as you but (ew) no name no pack drill))but someone who said they were from the TOP told me on phone he did not know sb was going
so now we have to accounts of what happened

i phoned when i knew i was taken for a mug(imho ppl still are)and explained i was not a happy chappy and was told nor was he

so we see two diffrent threads of a story so far

this is this share all over

stevie i hope you and the rest of you guys get your money back i wont well not on this share anyway

to much of a bad smell for me
and im a corpse

roflmao

Anyway, df, you're not that morbid if you still ROFL! Just a final point: presumably you didn't speak to Rawlinson. Assuming you didn't, then we all know that you have to keep secrets from all except those who have to know.

We seem to have a new baseline now. I have 3.65m which is probably enough for now. Nice to have 0.6% of the equity! Even better when its valued at 1p a share or better still 2p a share. Better be careful not to go further unless df rolls in his grave laughing!

Eric

Fred
I know that you monitor the CFP thread on here and ADVFN and it will be a very interesting ride over the next 12 months for you to watch.
Enjoy the view and no hard feelings
Steve

Interesting posts guys - plenty of time for more wine and cheese dead lol!

All it will take is a few tasty new deals (which will probably become evident around the middle of the year) and the sp will be right back heading towards the 1p mark again.

This is a highly speculative longer term punt, with the potential for some very healthy gains for those brave enough to stay the course.

Have a great weekend all.

OG

ew i said the top and never assume it might be wrong


i may be dead but i aint the kind if person to take no

when i asked they heared me lound and clear make no mistake in that

4m sell .... not on open market

The 4 mill is a X trade......more stock being 'moved'

CFA Capital Group PLC
24 January 2005


CFA Capital Group plc
Director's Shareholding


1. Name of company

CFA Capital Group plc

2. Name of director

Anthony Paul Rawlinson

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

As in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them (if notified)

Anthony Paul Rawlinson

5. Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)

N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Purchase

7. Number of shares/amount of stock acquired

4,000,000

8. Percentage of issued class

0.646%

9. Number of shares/amount of stock disposed

N/A

10. Percentage of issued class

N/A

11. Class of security

Ordinary Shares

12. Price per share

0.25p

13. Date of transaction

24 January 2005

14. Date company informed

24 January 2005

15. Total holding following this notification

18,500,000
16. Total percentage holding of issued class following this notification

2.99%

So TR must have confidence in the co.