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 Number:3106A
CFA Capital Group PLC
01 July 2004


CFA Capital Group Plc ("The Company")

1 July 2004

Change of adviser.

CFA Capital Group Plc announces that with immediate effect, the Company has
appointed Grant Thornton Corporate Finance as its Nominated Adviser.

End



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

END
APPILFSVREIIVIS

Sue u still in PMG???

well howdy sue how are u

mm at play yesterday and more chickens jumped the boat more shares for me

lol

am i reading this through pink glasses

there aint one negitive note in what ive seen was said

but still ppl are getting gitterry

dont they know that they are being played with

my thought for what its worth

buy and buy again this little number is going places and we all should see it

imho of course

Hi Snip, I have a modest amount of 100,000 shares from a couple of months ago in PMG bought in advance of their results which should be released sometime in the summer.

Hi deadfred, I am very well thankyou, hope you are well too.

xxx.

alive just but alive
lol

so your still watching from afar at this little number

its my longtime best looker

i see a lot of shares sold today but hey seven days of straigh buys to sells cant be bad
lol

i never sold

lol

VOS up 28.5% today

CFP has 4.8m shares in VOS

slmchow whats vos

volume of share

im fick

deadford

Voss Net was founded in 1992 and became a public company in 1995.

Provision of adult further educational training and IT services, including the supply of software systems for the freight forwarding industry

The Company operate through its subsidiary company Vossnet (U.K.) Limited and supplies a variety of branded free Internet access services. The Group hosts an order management system developed in-house for BMJ Power Ltd, part of Black & Decker's 43 national power tool service centres. This system has been operational since February 1997.

The Group operate two other subsidiaries, IPOSS Limited and Voss Net Advantage, both specialising in the development and selling of e-commerce websites.

Onwards and upwards by the looks of it, at a much steadier pace and with a very sensible spread from the MMs today.

cheers for that slmchow did not know that

another good bit of news for this little number

Some kind person have put the full transcript of SB's interview on advfn. You can find it at this link if anyone is interested.

http://www.advfn.com/cmn/fbb/thread.php3?id=6770595

Slmchow just as an interest are you operating as stele on another board which is www.iii.co.uk.your previous message is the same on the other thread,and roughly at the same time?

yes I am stele

I hope you did not mind,but thanks anyway for being honest and quick in your response.

going back to earlier discussion concerning IMH (Seymour Pierce). Having had their `redistribution of poverty` and shares now trading at 1.0/0.5, is there not the least possibility that something will now brew between our CFP and them, whether it be a CFP buy out (for which funds must be available) or a merger of sorts???
thoughts appreciated and good luck

Turnover Projection 2004

MONTH	CLIENT	FLOATATION APPROX VALUE	SHARE PLACING VALUE	ACQUISTION VALUE	OTHER WORK CARRIED OUT	COMMENTS	COMMISSION 2.5% ()	COMMISSION 5% ()	COMMISSION AVERAGE ()
Jan	Setstone (STN)				Name Change	Received 4 Million Shares, in lieu of Fees	0	0	0

Since this is my heaviest ever investment, I thought I would have a shot at calculating revenues for first half of this year. I have been in touch with some colleges who give me a guide lines for brokerage fees and have trimmed my original calculations down to be more prudent. In the above table I have added a worst-case scenario column of 2.5% and best scenario of 5%. Then I have average down the both of these percentages as an average guide. Please note the following before you take my figures seriously.- It may be possible that the CFA charges are on the higher end of the scale as they are after all dealing with small market cap companies.- There may be fees charged in advanced for work carried out not yet announced in the public domain.- I may have made some mistakes, so please point out any possible errors.- I have not calculated figures in lieu of fees as Adonis has already provided this information.Once I have your feedback I tell you what I think this all means and then will have a shot at profits.

they also have tangible assets in all of the above companies plus interest in their growth and (hopefully) dividend income in future, which would be hard to value but their equity holdings were, I think, set out in an earlier post from suehelen. hope I`ve read your good post correctly.
bestest

ive been holding these shares for about 3 yrs now, i realy do believe they will be my ticket to retirement. started buying under abbinger. your pe ratios look good, and who knows if we get a bull market at the same time. resultt

ive been holding these shares for about 3 yrs now, i realy do believe they will be my ticket to retirement. started buying under abbinger. your pe ratios look good, and who knows if we get a bull market at the same time. resultt

taylormade.
I also hold from original abinger days and have never lost faith that these guys will come up trumps