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.

RNS today.EPIC LTW


CFP are brokers for London Town PLC,I make it 290,000 in the coffers for them.




The Board of London Town announces that the Company proposes to raise
approximately 7.84 million gross (7.55 million net of expenses) by way of an
open offer of 156,849,892 New Ordinary Shares to Qualifying Shareholders, at a
price of 5 pence per New Ordinary Share on the basis of 65 New Ordinary Shares
for every 22 Existing Ordinary Shares held by Qualifying Shareholders on the
Record Date.

snip 24 , at the bottom of the rns , regarding the brokers, they state that Strand partners are the acting advisor only.I may be wrong but i believe cfa have not got this one.Shame as some positive news is required now.

Sue helen also seems to be quiet at the moment.?

cosworth1

CFP are the brokers for LTW

But the current listing of shares states "Strand Partners, is acting as nominated adviser for London Town for this shares listing."

What is the job difference between a broker and a nomited advisor?

hey who cares as long as its money for cfp
which in turn means money for us

every makel makes a muckle as they say some were
lol

slmchow.......the NOMAD is the corporate advisor (eg advising client on strategy, structuring deals, sorting out relevant transaction documentation with Co and authorities etc etc). The broker does the actual distribution of the underlying equity involved in the deal. Often the same "house" will fulfil both functions. Generally speaking.....most money is made on the distribution side (ie a % of the funds placed)

well well

right whos messing with my share

outside nowwwwwwwwwwwwwwwww

lol

bit quiet in here

lolquiet enought for the dead

The sells are being snapped up,dont 4get deadfred interveiw on A D V F N on weds at 11am got work myself but you being dead you've probably got some free time!!!

Here we go again !!!!!!!!!!!!

Stephen Barclay on ADVFN webcast today, answering a host of questions (we hope).
CFP give little away concerning the business normally, so it may be worth dropping by and adding your two penn'orth.

Keep an eye on Setstone also - when they come out of suspension, providing they have a good deal with the gold mines and buying interest is still there, then CFP will move with them (I think CFP own 12 million shares in STN as a part-payment for services).

anyone get any news on the advfn broadcast i missed it

Deadfred
I am a little disappointed with the laid back approach of sb.

im not

chill out man and read between the lines

got to be mean to keep them keen

lol

laid back just fits my pschy


lol

I shall try to remember some points:
Currently busy enough to support 10 members of staff and are recruiting.
Does not want to issue news on every little bit of work , will only issue news when the work is done so as to say, look we have done it rather than well this might come off and if it doesn't then down we go again. So will only issue news on completed work. Good/bad ??unsure
aqasitions yes as and when they come up.
take over/merger cannot dismiss it straight away if an offer came up.
3-5 weeks lots of new floats coming through.
would like 10-12% share of the market place (no time scale)
About 750k - 1m in the bank.
Recent share issue was just because they could (money in the bank)

My overall opinion for what it's worth. Thngs are going ok in a difficult trading year, no major work to report just keep ploding on. No fireworks no sparkle just work as normal. Flat

ted you aint a good reader of between lines i see
lol
jokin my man
everyone has an opinion
but 1million in bank now sounds interesting dont u think

thats 1 million profit i take it to mean
which is way above last figures i think
imho

i read it that things are going really smothly and that why print news if there aint any means what it says on the tin


1 million now makes me feel all mellow

over to the chickens now

buck buck buck

lol

time i bought some more

RNS at 3.09pm more work




AIM
30 June 2004




ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS
PRIOR TO ADMISSION

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME: RAGUSA CAPITAL PLC

COMPANY ADDRESS and Registered Office:

FIRST FLOOR
46 MADDOX STREET
LONDON


COMPANY POSTCODE: W1S 1QA

COUNTRY OF INCORPORATION: England and Wales

COMPANY BUSINESS: A COMPANY SEEKING TO ESTABLISH, INVEST IN OR ACQUIRE
COMPANIES OR BUSINESSES PRIMARILY IN EUROPE, WHICH ARE CONSIDERED BY THE
DIRECTORS TO HAVE THE POTENTIAL FOR THE GENERATION OF SUSTAINABLE GROWTH AND
PROFITABILITY IN BOTH THE SHORT AND MEDIUM TERMS. THE DIRECTORS BELIEVE THAT
POTENTIAL OPPORTUNTIES LIE IN THE NATURAL RESOURCES SECTOR.

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares,
nominal value and issue price): UP TO 10,324,074 NEW ORDINARY SHARES OF 10P
EACH AT 54P PER SHARE

CAPITAL TO BE RAISED ON ADMISSION:

UP TO 5,575,000


FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

LANCE ADRIAN WINGATE O'NEILL - CHAIRMAN
NIGEL JOHN DUXBURY - FINANCE DIRECTOR
PAUL ALEXANDER MERCHANT - NON EXECUTIVE DIRECTOR


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A
PERCENTAGE OF THE ISSUED SHARE CAPITAL STATING WHETHER BEFORE OR AFTER
ADMISSION:

TBC

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (G) OF THE AIM RULES.

LANCE ADRIAN WINGATE O'NEILL, FIRST FLOOR 46 MADDOX STREET LONDON
NIGEL JOHN DUXBURY, FIRST FLOOR 46 MADDOX STRRET LONDON
JOHN MARTIN 7 OLD PARK LANE, LONDON W1K 1QR
JOHN IGLEHART, 16 RUE BELLOT, CASE POSTALE 269, 1211 GENEVE 12, SWITZERLAND
TALYN INTERNATIONAL LIMITED, LISTER HOUSE, THE PARADE, ST. HELIER, JERSEY
JE2 3QQ

ANTICIPATED ACCOUNTING REFERENCE DATE: 31 MARCH

EXPECTED ADMISSION DATE: 15 JULY 2004

NAME AND ADDRESS OF NOMINATED ADVISER:

CITY FINANCIAL ASSOCIATES LIMITED
6 LAURENCE POUNTNEY HILL
LONDON EC4R 0BL

NAME AND ADDRESS OF BROKER TO THE PLACING:

CITY FINANCIAL ASSOCIATES LIMITED
6 LAURENCE POUNTNEY HILL
LONDON EC4R 0BL


DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE
APPLICANT AND THE ADMISSION OF ITS SECURITIES.


CITY FINANCIAL ASSOCIATES LIMITED
6 LAURENCE POUNTNEY HILL
LONDON EC4R 0BL


DATE OF NOTIFICATION: 30 JUNE 2004

NEW/UPDATE (see note): NEW

LISTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE
OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE
APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR
WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED OR AN APPROPRIATE NEGATIVE
STATEMENT

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT
ITS WORKING CAPITAL WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE
DATE OF ITS ADMISSION

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES.



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





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I did not hear it but this is a summary of someone that did.
The interview was ealier this morning at 11am

"andonis - 30 Jun'04 - 12:53 - 10672 of 10732

# I am afraid if I have missed some points. I am
sure someone can add or correct me...Here are some notes I jotted down from
the interview.

# Overall SB sounded a very experienced and
cautious man. Someone who pays attention to customer care and very cautious
NOT to get a bad reputation.....

# They have 10 staff to recruit 2 more. That is 20%
growth in personel!! They like to be proactive service orientated professional
and enthusiastic. They like to fight very hard for their clients.

# Their weaknesses are: They are Human, the company
is small, and young one.

# 19 Nomads at present and we expect substantial
increase within 6 months.

# He is happier for internal organic growth of the
company.

# Website to appear within 3-6 months.

# Complementary acquisitions possible but not in
the immeadiate plans.

(This means that the recent share issue was for internal housekeeping)

# In the next 2-5 weeks a number of companies of
various sizes are coming up and 'People will be pleased'.

# People ring in for enquiries often, instead of
them going out to chase for jobs.

They 'test' the companies before they accept the job, they send a couple of
people including an accountant to check things before they accept.

# They have no plans to raise more at the moment.
If necessary in the future will do so.

# CASH: They have approx. 750k-1m......Interim
soon to be released around Sept.

# Directors own around 30% of the company SB
15-20%.

# Up to 30th June they are happy with
business....After this the picture will be different because new businesses to
be announced.

# Comfortable with target market....

# They are very busy overall.....people work after
hours.... (is this not normal nowadays???) LOL

# He had to release RNS after the price rose to
1.5p because the FSA must have requested the reason. He hopes the price will
rise to much more in the future."

as i said read between lines

i like this guy way of playing poker

hes nearly as good as me

but i have one advantage

im dead

This share is down and out for at least 6 months. Anybody think any differently