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.

2 one milion buys gone through . is something brewing? or has deadfred risen again ?

according to shares mag , smallbone should float this week, or next. also , i read that cfa have been appointed brokers to float another company soon , cant remember the name. its all good

According to this from uk wire they are expected to float today.

http://www.uk-wire.com/cgi-bin/articles/200407221025051128B.html

Yes they have, currently trading at 60p.

Heres the RNS from this morning.

Smallbone PLC
26 July 2004


Smallbone plc

('Smallbone' or the 'Group')

First Day of Dealings on AIM and Placing

Details of the placing:

3,404,593 new Ordinary Shares being issued at a placing price of 59p
per new Ordinary Share (the 'Placing Price')

The Placing will raise approximately 2 million of new funding for the
Group

The proceeds of the Placing will be primarily used to:

- expand the Smallbone of Devises network with four new showrooms
in the UK
- open 3 further Paris Ceramics showrooms in the US in next 18
months
- further invest in lucrative US market with Smallbone flagship
showroom in New York
- launch new kitchen range in Autumn 2004
- re-launch bedroom and bathroom ranges in 2005
- expand range of designs, product ranges and brand extensions,
increasing average sales value per customer
- Complete integration of Smallbone and Paris Ceramics in the UK
and cross fertilise product
- source and introduce new materials and collections
- develop an exclusive range of worktops for Smallbone
- bring worktop fabrication in-house, significantly improving
margin

The Placing also comprises the sale of 2,331,159 existing Ordinary
Shares by Charles Smallbone (founder of the Group and Chairman and
Chief Executive)

At the Placing Price the Group will have a market capitalisation of
approximately 10.9 million

Dealings commence in the ordinary shares on AIM today, 26th July 2004
at 8.00am

City Financial Associates Limited is acting as Nominated Adviser and
Broker to Smallbone plc.

Information about the Group:

The Group consists of two complementary lifestyle businesses which sell
to similar customer bases both in the UK and the United States:

Smallbone of Devizes is the UK's leading maker of bespoke kitchens, bedrooms and
bathroom furniture. Smallbone is a highly regarded brand with many celebrity
clients and has eight showrooms in the UK.

Paris Ceramics is one of the US's leading designers and suppliers of high
quality, antique stone and limestone products for flooring, fireplaces,
staircases, bathrooms, terraces and pools. Paris Ceramics is a highly regarded
brand in US, with many celebrity clients and has nine showrooms in the US.

Charles Smallbone, Chairman and Chief Executive, commented:

'We are absolutely delighted with the support that we have gained from
investors. Our listing will provide us with the springboard from which we can
deliver on our strategy, giving us the opportunity to gain greater market
penetration to build our brands position both in the UK and the US'

26 July 2004

Enquiries:

Smallbone plc Tel: 020 74572020 (Today)
Charles Smallbone, Chairman and Chief Executive

City Financial Associates Tel: 020 7090 7800
Stephen Barclay
John Shaw

College Hill Associates Tel: 020 7457 2020
Kate Pope
Nick Elwes

PLACING STATISTICS
Placing Price 59p
Existing number of Ordinary Shares in issue 15,000,000
Number of new Ordinary Shares being issued under the Placing 3,404,593
Number of Ordinary Shares in issue following the Placing 18,404,593
Number of existing Ordinary Shares being sold pursuant to the Placing 2,331,159
Total number of Ordinary Shares being issued or sold pursuant to the Placing 5,735,752
Percentage of enlarged issued share capital being issued or sold 31.17 per cent
Gross Proceeds of the Placing receivable by the Company 2,008,710
Net Proceeds of the Placing receivable by the Company 1,468,710
Market Capitalisation following the Placing at the Placing Price 10,858,710

EXPECTED TIMETABLE
Admission and dealings commence in the Ordinary Shares on AIM 26 July 2004
CREST accounts credited by 26 July 2004
Despatch of definitive share certificates by 2 August 2004

Thanks Cunningham

great news, cheers.

ps
deadfred , where are you?

Hi all,

a highly informative thread, I'm just lurking and learning more at the mo - can I make a suggestion, is it possible for the thread header to be a little more 'condensed!' It was useful at the beginning, but it's a tad annoying now!!??

regards to all..

T..

Looks like this was passed,nice earner for CFP.





London Town PLC
26 July 2004


London Town plc
('London Town' or the 'Company')
Result of Open Offer

On 22 June 2004 London Town announced an open offer of 156,849,892 new ordinary
shares of 2p each in the Company ('New Ordinary Shares') at a price of 5p per
share to raise approximately 7.84 million before expenses.

The Open Offer closed at 3.00 p.m. on 23 July 2004. Valid applications and
subscriptions were received in respect of 141,646,917 New Ordinary Shares
representing 90.31 per cent. of the New Ordinary Shares the subject of the Open
Offer. The balance of the New Ordinary Shares have been taken up under the terms
of the Underwriting Agreement.

Application has been made to the London Stock Exchange for admission to trading
on AIM of 160,849,892 new Ordinary Shares, which includes 4,000,000 new Ordinary
Shares to be issued in lieu of payment of professional advisory fees.

It is expected that Admission will become effective and that dealings will
commence on 27 July 2004.

Unless the context otherwise requires, defined terms used in this announcement
shall have the meanings given to them in the circular to shareholders of the
Company dated 22 June 2004.




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



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Company Announcements takes no responsibility for the accuracy of the information within this site. The announcements are supplied by the Primary Information Provider (PIP), denoted by the announcement source. Queries of this nature should be directed to the source or PIP.
Company Announcements reserves the right to publish a filtered set of announcements. NAV announcements, Rule 8 announcements, EMM Disclosure and FRN Variable Rate Fix announcements are filtered from this site.

And on the new issue front, Smallbone, a maker of bespoke kitchens, bedrooms and bathroom furniture, edged up in first-time dealings on the Aim market, while Zambesi Resources, an African gold and copper miner, staged a solid debut.


Smallbone closed at 59 1/2p, compared with a placing* price of 59p, while Zambesi shares were 14 1/2p against a placing price of 12p.

http://www.thisismoney.com/20040726/nm80789.html

Hi Tradx...I will duly condense the header post at the weekend.

SueHelen,

Many thanks, the info is first class, I am grateful. I playing catch up on all the info at the mo, I hope to contribute when I have begun purchasing over the next few days.

Many thanks again.

T..

more good news

UK smallcap opening - Ragusa stages solid AIM debut
AFX


LONDON (AFX) - Shares in Ragusa Capital staged a solid debut on the AIM market. Shares in the company, established to invest in or acquire businesses or companies primarily in Europe, stood at 74 pence by 8.47 am, compared with a placing price of 54.

and also yesterdays express printed a story about a new media company coming to aim soon , cfa as brokers.

Film group Intandem to float raising 1 million, giving the operation a market value of 4 million. The adviser to the float is CFA

thats the one slmchow. they have already had some success with a film staring the bird who starred opposite russel crow in gladiator.could be one to watch . they raise money for films to get made , then i think they get a percentage of profits.

doing some thinking last night . last years results show that cfp turned a 2 mil loss into near profit . this year , to me , it seems they have been busier . i was just wondering how much profit they could make this year. should be interesting the interims in september,..........

bosley,

and I reckon that is good thinking too! I like small companies that are on the verge of a breakout (business wise) and I reckon thats where we are here, I too look forward to September, it really could be the start of a significant re-rating.

regards

T..

Guys
Got this off another site.

With a Price Earning Ratio of 18 for the sector, if CFA Associates achieve the following profits for the full year, then it is feasible the following share price could be achieved. This does not take into account the value of their investments, which could add considerable to the net asset value.

Profit of 250,000....................................0076p

Profit of 500,000...................................1.45p

Profit of 750,000...................................2.17p

Profit of 1 million ................................. 2.9p

Profit of 1.5 million ................................. 4.35p

Profit of 2 million ................................. 5.8p

The sector could get re-rated during the year, which would increase the potential for the share price to reach an even higher platform.


Whilst there has indeed been a sharp rise in the share price recently, this should be viewed as a correction based on the forward outlook of the company and the fact they have been very busy winning more client orders.

Will try to find projected profit for the year.
info from a trusted source.

the actual bid/offer price online is

bid .6
offer .67

with comdirect

I cannot understand why we still have .55-.75 showing. Can anyone explain please?

Hi slmchow, The market makers are not interested in making a market for these at the moment, applies to most stocks during different times when simply the market makers can't be bothered to make a market for stocks which is what their job entails.

When the price rose to 1.65-1.70 pence from these prices the showing spread only use to be about 2-3% at the max' and now they are just trying to kill any trading with the showing spread of 20% which has been the case since the AGM.