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.

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.

Good to see that Rawlinson has faith in this company#

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

7. Number of shares/amount of stock acquired

4,000,000

15. Total holding following this notification

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

2.99%

CFA Capital director Anthony Rawlinson buys 4 mln shares in co
AFX


LONDON (AFX) - CFA Capital Group PLC said Anthony Rawlinson, a director of the company, bought 4 mln shares at 0.25 pence each, bringing his total holdings to 18.5 mln shares, representing a 3 pct stake.

newsdesk@afxnews.com

ma

well well well!
Confidence returning well done to all the long term holders.
Keep the faith guys

It does seem as though confidence is returning!

Top % Gainers
# EPIC Name Price Chg %

17 CFP Cfa Capital Grp Ord 0.25p 0.285 0.025 9.62

Ted1: With you on that one !

Top % Gainers
# EPIC Name Price Chg %

9 CFP Cfa Capital Grp Ord 0.25p 0.31 0.05 19.23

Top % Gainers
# EPIC Name Price Chg %

7 CFP Cfa Capital Grp Ord 0.25p 0.32 0.06 23.08

Isn't that a pretty day chart!! First time in months- maybe Spring is around the corner.

Confidence is certainly returning. Can someone tell me the reason for why the spread is so big though

Thesaurus.
I've been in this nearly a year and it's always been the same, don't no why.

Director Deals announced on Monday
MoneyAM
THB Group, CFA Capital Group, Avocet Mining, Grainger Trust and Greene King in focus .....

THB Group - Paul Dudley sold 91,500 shares at 73.5p on 21st January.

CFA Capital Group - Anthony Paul Rawlinson purchased 4,000,000 shares at 0.25p today.

Avocet Mining - Nigel McNair Scott, Chairman, acquired 230,000 shares at 92.1p today.

Grainger Trust - Nichola Pease disposed of 35,000 shares at 1,943p today.

Greene King - David Elliott exercised options on 22,000 shares at 701p, retained 3,000 shares and sold the remainder at 1,295p today.

well at least we know what has been going on for the last week and more. Now we can push forward and take this back to a decent price

Itw worth just spelling out the significance of the Rawlinson purchase for newcomers and occasional visiotrs. He took over as Executive Chairman and MD in December from the founder, Stephen Barclay, having as Director been resposible for many of CFP's key transactions. He has an impeccable professional background with Whinney Murray, Touche Ross, where he was manager at 27 responsible for London Corporate Finance Group. Subsequently with Henry Ansbacher and Director of Strand Partners he has built up the expertise and contacts to do this job successfully (cf. cityfin.co.uk).

My interpretation of this purchase, although not large in financial terms, is that it expresses his confidence in his ability to make a success of the company. I like the fact that, rather than voting himself warrants, he has bought in the market recognising that the shares are ridiculously cheap. Cap. is only 2m with 600K cash and earnings potential of 1m if 5 good contracts are converted in a year. Its time for the knockers to watch from the sidelines and this thread to concentrate on the business opportunities for the company. A potential 5-bagger this year, at least! Goodbye 0.25p; hello 1.5p!

Eric

good on yer Eric. I wholeheartedly agree, despite some of me recent reservations and concerns.
p.s. don`t forget to check my submittal for ASOS as I would be quids in if left as is.
good luck etc

Good post Eric and excellent news that the main man has put his money where his mouth is, so to speak.