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.

i do apologise if you thought i was casting aspersions on your personal hygene fred. its just that i havent smelt for a while now. not used to it .

lol same here old friend same here

but looks like things might be changing

15 million what hope this is a buy

anyone out there bosley chk
sue what the france is the 15 million

needs confirming fred , but i hope thats a buy . we need to know what the spread within the spread was. but even so , its done wonders for the volume.this really has a feeling of " somethings happening" to it.

(now is the time someone pisses on me chips)

steady on bosley chips and things

try vinegar
old chum

hearded someone was looking to buy this amount from hoodless brennan(seymore piece i belive)but this might just be hear say imho
dyor

If CFP continues to mirror the CYC trend, we should get to about 1.1p - 1.2p by the end of the week and then the price will dither about a bit (waiting for the next soaring rise).

The 15m buy should help keep some stability tomorrow also - an interesting day is on the cards.

what is likelihood of CFA buying Seymour Pierce, as these were my first thoughts when aquisition by CFA was mentioned last week or week before???

Tha main man in CFP (Stephen Barclay) built up Seymour Pierce from a penny share like CFP to a company commanding a price of well over 1 a share.

I think that Seymour Pierce might just be a bit too big at this early stage (even for CFP) unless SB still has a massive stake in Seymour Pierce which I'm not aware of.

A floundering small advisor is much more likely to be snapped up, giving CFP the breadth to expand into a much wider playing field at a knockdown price.

If they're in the business of picking up companies on the cheap, then there may be more than just the one acquisition in the coming 1-2 years.

The icing on the cake with this one is that CFP themselves are prime targets to be taken over by a larger City firm - given the right client base and investments in companies they've brought to market (which are rapidly expanding this year) they should fetch around 5p a share.

I'd prefer to see CFP go it alone, as they appear to have the potential to be another Seymour Pierce.

thanks for that overgrowth

im with you overgrowth
just hoping that someone does not buy cfp at this low price or just like her im stuffed
lol

AS I AM STILL LEARNING COULD SOME ONE TELL ME IF A COMPANY DOES BUY CFP OR ANY OTHER COMPANY DOES IT MEAN WE AS A SHAREHOLDERS CAN LOOSE OUT,I MEAN FOR EACH 50 OR 100 SHARES HELD IN CFP WE END UP WITH ONE SHARE IN THE NEW COMPANY.OR IS IT GOOD FOR US SHAREHOLDERS IN THE LONG RUN IF ITS TAKEN OVER.THANKS.

ateeq i had her shares and i also had pxc shares
now pxc bought her for cash and get this i needed .001 0f a penny to make a profit but they set there price at .025 i bought mine at .026 so i lost out
made me mad but thats life

so is it time to get out,is that what you are trying to say?

so is it time to get out,is that what you are trying to say?

Sue helen your input on this is very important as you started the thread,and lots of people admire your findings ,so please shed some light on this lovely stock.thanks.

My opinion to the stall in the share price is, would be private investors confidence on CFP is very low. Especially as CFP most active BB (ie advfn) has such a negative impact for would be investors. And all because of 2 person with egos bigger then......??? each one wanting to be king of the castle and calling foul to each others post. for example yesterday. One post mm was filling a big buy yesterday afternoon. Yes we had a 15m buy at close. The other called foul and suggested something sinister to the buy with SFO, FSA all mentioned in the same line. And it goes on 'pot calling the kettle black' and this has been going on for the last month

With small bone placing, set stone coming back from suspension and not to mention SFI pubs CFP is going to be busy and prospect are good for the share price in the coming days.

im with you there slmchow good post if we all pull together on this it will be a right good buy

imho of course

In Today's Daily Mail Newspaper (Smallbone is mentioned):

Delayed float adds to City gloom
Guy Dresser, This Is Money
9 June 2004

UEL cell technology firm Intelligent Energy has abandoned plans to float on the stock market later this month, sending a tremor through the City.

Financial analysts said the potential analysts had baulked at the price. Intelligent Energy had planned to raise 40-60m from the offering on Aim later this month, valuing the firm at about 200m.

Chief executive Harry Bradbury said the company would consider floating at a later date, either in London or New York. He blamed current market conditions for the decision.


Intelligent Energy's decision follows several other cancelled European flotations* in recent months, including those of Germany's Siltronic and ATU. Other firms, such as sportswear supplier Umbro, have reduced the amount they raised.

The market for new issues has picked up this year after a three-year downturn, but geopolitical risks, rising interest rates and high oil prices have tempered investors' appetite for new stock.

Bradbury said Intelligent Energy had financing in place to sustain its business and that further funds could be raised through private placement.

Intelligent Energy specialises in fuel cells that use hydrogen for a chemical reaction to produce electricity. The basic technology is old, but increasing concerns about the pollutants in other fuels have led inventors back to the use of hydrogen as a fuel of the future in both static power generation and transport applications.

JP Morgan was nominated adviser for the offer and was to be joint broker with Evolution Beeson Gregory.

Analysts are divided about the potential impact on other new issues due to come to the market in London in the coming months.

Upmarket kitchen maker Smallbone plans to raise about 2.5m by listing on Aim, giving it a market value of about 15m. PlusNet Technologies, an internet service provider, is expected to be valued at between 30-40m when it lists this summer.

Monkleigh, a new company specialising in promotional events and and corporate hospitality firms, plans to raise up to 2.5m by listing on Aim later this month.

Financial services company Libertas Capital recently announced plans to raise up to 7m from its AIM listing and sales technology firm XN Checkout plans to raise about 5m from its own flotation on AIM later this month.

A main market float next month is Eurocastle Investment, a securities firm, expected to be valued at between 50-100m.

http://www.thisismoney.com/20040609/nm79182.html

The thread on ADVFN on CFP is well worth a look, esp regarding the RNS on the disposal of the shares by city equities and the late buys.
May tick up slightly tomorrow IMO, however, Sues post tempers my exitement a bit
regards
Stevie ( still holding and still smiling)
Good luck to all