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.

and good morning.

Oh God! I'd stick them aside and wait for glory, when it comes when it comes.

haaaaaaaaaaaaaaaa
i told ya so. to sell.
was i right or wrong

wrong . this is a long term hold.

From a post on the iii BB


"Don't believe any of these buy/sell indications. I for one know that the following was a buy for example

09:36:52 0.86p 0.9p 1.1p 300,000 2,580 SELL O , because its mine! "

Apparent trades above 150k are delayed by an hour

there are quite afew buys appearing as sells. its just the way the system works .

last fri 1.5million appeared as a sell in fact it was a buy and a few otheres were the same delayed buys they call it
but because the system sees it as close to the bid price when its anounced they treat it as a sell

Besides the effects of world events on the markets
This is what carchase who post TA on th advfn BB anaylisis on CFP

Quote:

"carchase - 16 May'04 - 21:08 - 6492 of 6750

Andonis

Here is the best I could do.

April 20th volume was 10m+
April 21st volume was 35m+
April 22nd volume was 50m+
April 23rd volume was 40m+
April 26th volume was 50m+
April 27th volume was 50m+

18 days are allowed within a T20 period for one to hold. On the close of business on the 18th day you will have either decided to hold and pay up or close ON THAT DAY.

April 20th is to this Friday close, exactly 18 days. My feeling is that very few of those 10m+ were T20 trades because (and I am assuming these traders have knowledge), they would have waited for better signals. Volumes were good and indications were up. They would have entered the very next day therefore. These would have been no more than buyers buying the bottom of a range. The fact that they are upon us can be seen by the large closing trades, in the last few minutes of the day.

April 21th Volumes hit 35m+, and this is where I feel they began to really enter. We have to remember T20 trades do not make the whole picture. Also take into account they have to pay a slight premium to price. They will close on Monday 17th May. Assuming that T20's make up only 20% of all trades (rough guess), then I guess sells of 7m by tomorrow. They will have still made profits if they held till the AGM statement. Off course many of them may not decide to sell all and hold a percenatge as long term now. I cannot be exact as to what percentage makes up T20 buyers or sellers.

April 22ndVolumes hit 50m+, and this is the day the indicators really were bullish. They will close out on Tuesday 18th May. Assuming again they are just 20% of the whole, then 10m is expected back. Again if that does not happen then some of the traders have been converted long term. They are also in profit.

April 23rdVolumes hit 40m+, and on this day indicators became overbought very quick. Given that 100m had nearly been done in three days, this volume amounted to nearly 25% of the compnay being traded!! No wonder the company began to take an interest. This is important from the LSE and company perspective as it almost amounts to takeover levels!!LOL These T20 traders will have to close out on 19th May.

April 26thVolumes again hit 50m+. Here is where I started to get concerned. My feeling is that most of this buying was more small traders than T20 holders. Why? because from a trader perspective the indicators were way overbought, and it would be dangerous without news to trade this. They have till 20th May to make up their minds.

April 27th was the day it just got plain silly!! Buyers jumping over each other to try and get it to 2p as some sort of competition. I began to see a micro bubble building and I even said then, I am concerned. Others who we know about now, did not mind taking people into la la land and believe what they wanted you to. 50m+ again, and the small number of T20 buyers, If any, will have till the 21st May to decide.

The next day April 28th 2004, at 07.00hrs
The CFP management made the following announcement: Board statement regarding the recent rise in share price

The Board of the CFA Capital Group plc (the "Company") has noted the recent rise
in the Company's share price. No additional news requiring announcement has arisen since the date of the statement.



From that point on, the price has drifted and cooled. We were 0.75p on breakout, and 185m shares and one announcement from the company later, we were 1.6p. I think its fair that the company acted wisely, as the share was being pulled up much too fast.

Now Andonis mate, its fair to say that most of those trades COULD have been sold well before the time is called on them. If we assume that no buying has taken place (obviously impossible) since the 28th, then 105m in volume has been done since then. So if all of them were sells and all the trades in the days outlined in the beginning were buys we would be about balanced. In which case I expect volumes to be low from tomorrow, price to hopefully be stable, and we should be confirmed oversold by the end of the week.....phew finished!!

I therefore stick with the price to reach 2.1p by September 2004."

Unquote
DYOR

man ill have to take a week off to go throught this little lot
but thx for the info slmchow nice to see we have thinking ppl on this thread
the chickens seem to have run now let us foxes steal the play
lol

deadfred

trades buy/sell not reliable because the market price is moving so fast. 0.88 buy are coming across as sells

hmmmm, if it drops again over the next few days i think i will have some more.

everything was red today , in my portfolio and also on my watch list , apart from fbt.

lol
ohhhhhh yes bosley me to
everywhere the sound of silence
lol
nothin and i mean nothing has changed but the mm are having a great laugh watching ppl lowere the share for them for no reason

oh well more for my warehouse full
lol

well said dead

I have a sea of red in front of me too! No point getting out now, look at it as a long term hold. Nothing has fundamentally changed after all.

I've an ocean of red in front of me!

CFP has always been a long term hold for me and I expected some re-tracement today, however the selling has been manic everywhere thanks to Iraq (as usual) and Oil.

The sells are already being mopped up (albeit cautiously), the MMs are making a packet now, and they'll make a packet back on the way up again.

Time to switch off for a while until global sentiment recovers it's senses.

steady so far today. was hoping for a further fall as a buying op.

Candlesticks today suggest a possible rise back to 1p tomorrow.

The buying will need to start early for this to be attained, though could well be on the cards.

Guys,
there is no need to keep a daily eye on this company. there is no doubt whatsoever that they are one of the safest long term opportunuties to come our way in recent times. whatever highs and lows they achieve in the short term, which is governed by many things outside the control of their own performance,
is immaterial. they are a solid bet for the future.their current holdings and client base are worth more than the current share value and they ain`t going to stop here. their potential is enormous. you`ll have to excuse me as I really am a staunch fan of their management.
do yourselves big favours and stick with this one for the long term.

overgrowth old m8 ive seen this term before what is candelsticks mean
i know its something to do with graph trends but im pritty new at reading graphs of financials so plz indulge me if you could