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.

ew thx but no thx but if this number does do well ill give me self a pat on the back even though i lost(because it tells me i can still pick a share,reinstills confidence in ones own abilities so to speak)

why cause i saw it months ago but what happened was out with my control or jugdement

ill watch with baited breath and as ive said before i hope you ppl get your money back but my reintroduction to this share wont happen under any circumstances(once bitten twice shy mode)

deadfred

That's OK; been there, done that, got the t-shirt! Eric

More work for CFP.....(Kindly brought to our attention by CAECILIUS on 'the other board')...........


RNS Number:3235H
Creightons PLC
13 January 2005


CREIGHTONS PLC

Appointment of City Financial Associates Limited as Financial Adviser

Creightons plc is pleased to announce the appointment of City Financial
Associates Limited as Financial Adviser with immediate effect.



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

APPBIGDBIUBGGUD

This is old news butane - scroll back a few pages and as far as I can recall this was mentioned on here at the time of the RNS.

overgrowth, oops...oh well, it was news to me...(-:

og, butane

Well, CFP are certainly busy: good profits and sp rise ahead if these projects complete, that is! They have fallen back from the rise on the back of rawlinson's share purchase; but, if they can react as positvely on realtively minor news, what will they do on major news?

Eric

Eric,

I think the drop was short term traders selling out having made a reasonable gain - looks as though they were expecting a "spike" like last year, but as soon as the momentum died off they baled out.

Long term I agree and I believe that that we've got plenty of news to come this year. Tony Rawlinson will want to be seen to be making his mark.

My guess as the year progresses is that each new deal should be worth a tick up (i.e. 0.1p) on the share price.

Cheers

OG

og

That's not an unreasonable assumption. If you say a deal is worth 200K the five deals would probably be 500k pbt, cap of 5m at pe of 10 and a price of 0.8p; not far out.

Eric

Dinkie Heel are clients of CFP..........




Dinkie Heel PLC
31 January 2005


Dinkie Heel Plc
Director's Dealings

1. Name of company

Dinkie Heel Plc

2. Name of director

Richard Organ

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)

Richard Thomas Organ

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

666,667

8. Percentage of issued class

0.37%

9. Number of shares/amount of stock disposed

N/A

10. Percentage of issued class

N/A

11. Class of security

Ordinary Shares of 1 penny each

12. Price per share

2.25 pence


13. Date of transaction

28 January 2005

14. Date company informed

28 January 2005

15. Total holding following this notification

5,966,667

16. Total percentage holding of issued class following this notification

3.35%

17. If a director has been granted options by the company please complete the following boxes

N/A

18. Date of grant / Date of notification

N/A

19. Period during which or date on which exercisable

N/A

20. Total amount paid (if any) for grant of the option

N/A

21. Description of shares or debentures involved: class, number

N/A

22. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

N/A

23. Total number of shares or debentures over which options held following this notification

N/A

24. Any additional information

N/A

24. Name of contact and telephone number for queries

Geoffrey Martin

26. Name and signature of authorised company official responsible for making this notification

Geoffrey Martin



Date of Notification






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

Tumbleweed blowing through here !

I fear no flicker of life until the results! Lets hope we are all rewarded with plenty to smile about then.

I feel the reults will show a big loss what with sb pay off and the sheer lack of work at the back end of last year. I only hope that the sp reflects this already because we could do without another big drop when results come out.

Ted1:
As you mention, let's hope sp took the knock when SB departed and won't reflect too much at time of results announcement. Also could be a good time to release positive news (alluding to a new era under control of TR)...
imho !! Quiet before storm...etc

There is no doubt in my mind that the current sp takes into account a significant loss. It also suggests a lack of confidence in CFP moving into profits in the current year; otherwise the cap. would never be as low as 2m. I have put forward the view above, that essentially CFP now is where it was in July, with a decent workload in hand and expectation of that wrok taking it into profits. The plus point now is that they have shed to costs of Barclay and Shaw and the team doing the business is now in control. Unless there is a prior announcement the situation is unlikely to change much until we have the progress report with the results. There will still be some caution until it is known that they are delivering projects and reaping the revenue. OK, we want to know the answer beforre the work is done! But my point remains that, just be taking the six months out of the equation, the price should be 0.6p to 0.7p. 2-300K pbt in the first half would move the price up to 1p. Nothing outlandish in that scenario - not less likely than continuing losses anyway.

Eric

Yippee.
More work for our guys
Shares mag p36
CFA are brokers to mediazest advertising and a write up.
All that and still some sells coming through.

Good spot, Ted. I see that they have already raised 200K from institutions, which was presumably handled by CFP and they they are planning to float mid-February. Guess the force is with CFP! If I hadn't already topped up several times, I would be topping up again!

Eric

Great news that the work is coming in again guys.

It looks as though Tony R is up to the task of making CFP a force to be reckoned with in the AIM market.

I thought we would have seen some blue on this news - after all isn't this the confirmation that folks were looking for - to see real evidence of the company's "rebirth" ?

og

Just what I was thinking. Having said that I have enough shares, approx. 10% of my portfolio although they cost somewhat more in total, I am feeling the top-up urge coming on. Strikes me that it has moved from "hopefully the new man will succeed where his predecessors failed, perhaps unluckily" to "seems likely that he will succeeed." What does success mean: 0.7p by April, 1p by June and 2p by the end of the year. I'll sleep on it!

Eric

Not an unreasonable view of success Eric, a steady flow of deals and it looks as though the pennies will turn into 's at a nice pace.

will cfp be getting a stake in mediazest? i read about thier technology a while ago and mentioned it to a an advertsing/promotions boss i know. he nearly came in his pants , thought the technology was wonderful, had a million ideas about how he could use it. eric , mediazest could be worth looking at.it may be cutting edge technology , but, whispering windows is a fairly simple idea, usually the ones that work best.