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.

Overgrowth ref your post 9/5/2004 as well as a fee cfa now own 2.5m shares in altrue investments =3.1% .

C01

Chewood01

As I am still a 'newbie' I followed the threads on the 'other-site' that you, CC SBL, Roy etc have been kind enough to share with every body. I have only been interested in shares since February of this year and have been with CFA since 0.42p and steadily increased up to now.

I believe also that this little gem will go further and am happy to hold long term. I can understand your reasons for leaving the other site as I would feel the same way if I was posting excellent news and the mindless morons were 'shouting' me down. I would think, 'what the hell. why bother'? But there are a lot of people who DO listen to you (and the others above), and it DOES make a BIG difference. I don't know if you have had a look at the other site tonight but you will see what I mean. I can understand how you must feel and if you do not return then it will be their loss. Will you be passing on your info' on this site instead?

Lookforward to your comments

FilthyRich

Glad to see you posting Chelwood i missed your valuable input on CFA.
sorry you left the other site we miss you CC and SBL.
I have just posted on there and it seems to have got back to some kind of sanity with normal postings.I hope you will consider returning at some point.

WW

Thanks Chelwood - A 3.1% holding will bring CFP healthy returns from Alltrue in the future.

I'm looking at the longer term view also, CFP shows great strength and potential and that will be recognised more and more as time goes on. We will see the inevitable consolidation dips from trading and profit taking, however given time to run I totally agree with your 20p+ target. CFP has the potential to become the best investment any of us have ever made. It is time to be "in" at these prices to book a ticket for the ride of a lifetime to come.

From a charting point of view, it's very interesting to see a dragonfly doji again at close, but this time it's a stonking great one - bodes very well for tomorrow, we could well see the price back up to around 1.4p.

OG

I dont know if any of you read aim&ofex may issue very good article by robert wallace ref cfa and city equities , extremley positive for both parties .

To bring you up to speed with info that may be useful, cfa are actively looking to recruit for key positions , cfa have never been busier than they are at present, the sti appointment is a major move into a higher league , i will provide more in future posts , getting tired up since 4am .

C01

For anyone interested, the AIM & OFEX subscription newsletter can be found at:

http://www.redskyresearch.com/htdocs/AIM&OFEX.php

CO1, great to hear that CFA are looking at boosting the workforce, that really does emphasise how busy they are!

Chelwood i can only repeat what WhiteWestie has said, further more I would add that paying posters are now getting involved and are looking into the way disruptive people are posting.Hope to hear from you soon but will look in both.S

from the ADVFN thread

Saddambinladen - 13 May'04 - 00:00 - 5448 of 5449

ariesr - Aye I agree.

If you don't like what you read on the threads from certain posters the worst thing you can do is reply back to them directly otherwise they will never go away. For every fool that spurts crap, just follow up with positive facts of the company without a direct reply. Or else just filter, as Im sure others will take the opportunity to reply with facts and not with fiction. This well aid and make the thread healthy allowing the vermont to have their say but not win the debate. The silent majority on this thread will vote for the bulls not for the bears of this stock, which in all honesty are very few.

For every seller they will be more buyers of this stock and nothing will be able to stop the gradual rise of this share, which is currently at chicken feed levels compared with what's to come.

If you cannot envisage CFA achieving at least 1 million profits in the next interims then take a punt elsewhere. The valuable research on this thread including my own tells me they will which is the reason it realistic to expect 3p + levels at some point. Bear in mind an important factor to evaluation is not just based on profit but what their investment value could be worth in months to come.

CC asked me once, what would be my target for how many clients they could win this year and if I remember correctly I said anywhere between 10-20 clients. How many have they won already since the start of the new financial year?

Work it out for yourself with all the available facts. No fools on these BB's can stop CFA destiny in achieving its current and future success.

Just for the record, Axe has mention we being from the HUSH thread. As well as Axe there are other members such as Harry who are older, wiser and have played the game far longer then myself. I bought CFA to there attention when you could have bought at 0.35p. The fact that two members have recently come on board this week for me springs much confidence in this investment. The delay in them getting on board, as well as being committed to other investments, is due to their experience and prudent nature in wanting to wait until after the last results, which in the end proved to be positive.

There will be other prudent investors waiting after the AGM to see what all the fuss is about and then it will be time for some bigger players to get on board.

Evening all.

SBL

Good morning all , excellant post curness nice to see you posting on here , i hope you will continue to do so .

I am not a chartist i work purely on fundamentals , because of my proffesion i talk and deal with several people from the city , and will keep you all informed on any information i have .

Very intresting 48 hours i certainly expect tick up , dependant on agm and feedback again should lead to tick up tomorrow , the mms did not need to bring price back to 1.2 bid yesterday , something a foot i feel we shall soon find out .

C01

morning all. good write up about alltrue investment in shares mag this morn . can only be good for cfp.

Alltrue after top performance review

Would-be corporate finance house Alltrue Investments (AIM:ATR) is aiming to restructure the plethora of smaller quoted companies that are not achieving their true potential.

Alltrue, which listed on AIM on 10 March, wants to assist those companies that are just too small to be noticed by the majority of the investment community, helping them to grow either organically or by acquisition.

All too often companies become listed, and then after that the only time they hear from their broker is when the annual payment is due, says Alltrues executive chairman Leo Knifton, a former market maker who specialises in corporate restructuring.

Knifton, who wants Alltrue to be viewed as a mini merchant bank, says that to achieve his aims he will either buy an existing financial services business or register Alltrue and bring in a team of financiers.

He is joined on the Alltrue board by pluralist Nigel Weller and Stephen Oakes, a City heavyweight who was CEO of HSBC Investment Management until December 2002.

The three raised 876,000 to list Alltrue from around 30 private investors, which will leave around 750,000 after costs.

The team will also focus on pre-IPO funding and is also considering setting up an investment trust to be managed in-house, bringing in significant management fees.

Knifton says that the current spate of AIM new issues should provide Alltrue with a strong pipeline in six to nine months, suggesting that not all are of the highest quality.

The company listed at 2p with a market capitalisation of 1.87 million, but shares had risen to 2.5p by mid-morning on the first day of trading.

Shares says: Alltrue could be one to follow.

hi, still dropping,, to 1.20

i mite buy at 1p

wont get there b, and how come you dont post when the price rose earlier? bid price of 1.2p hasnt changed for a while . offer price moves and mid price but its been 1.2p for a while now.so it aint dropping.

never mind, hey

i mite wait for a bit. time will come...

'time will come' maybe in your next life, cos I'm sure it wont be in this!

you could learn to spell while you are waiting.......

Buying and selling in stocks requires patience in order for you to make money.

I think thats what everybody seems to be lacking in!

Be patient and reap the rewards after>>>>

1 million BUY reported at 1.16 pence today and some delayed buys coming through at 1.2 pence.

Notice of the AGM was given. It will be held at the offices of Field Fisher Waterhouse, 35 Vine Street, London EC3N 2AA on 14 May at 11.00am.

Ordinary business is to receive and adopt accounts, reappoint Ian Buckley as director, who is retiring and to reappoint the auditors, CLB

Special business is to authorise allotment of relevant securities up to a maximum aggregate nominal amount of 500,000. Not sure what this is about and appreciate any others interpretation of this authority

Further that the directors be empowered to allot equity securities for cash. Once again not sure where this is heading and what the ramifications of this will be.

Further the allotment of equity securities up to aan aggregate nominal amount of 450,000

Really not sure about all these special resolutions. The only thing I can say as a minority shareholder I have no say but would like to know where the directors are going on these resolutions.

Thankyou Ian of MoneyAM for clarifying how the trades go into the buy and sell columns for Snakey.