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.

Overgrowth - Thanks for the moral support.
Already had good returns from RTD earlier in year before they started diving. Looks like a great comeback and are worth keeping an eye on.

Still have a lot of faith in CFP and always decided on long-term stint.
New Year and new blood may have desired effect for long term steady growth if new board are a little less reclusive.

Hey-ho! Onwards and upwards....

imho only when hells freezes over

everything i say is only an opinion

dont get me wrong i think this share has (or should that be had) great potential

but the guy you have in charge just now was there when this share disapeared

remember that

not one word was uttered

not on
apart from yesterday

i phoned them up me self two or three weeks ago

and was told they were snowed under

work work work

now i ask what was happening

imho as a shareholder(ex) i think i have been treated with total contemp

and imho if i was more experianced id be asking more questions on the handeling of this share

to add fuel to the fire
and insult to injury

i sold me lot throught the day

made a major lose but such is life

sold and bought back into a company i use to hold

made most of me losses back
lol

the rollercoaster is mad

roflmao

my m8 told me to get ride five months ago

i stupidly stayed on

now i wish id listed to him

but hey only 20% down on my money thanks to my new investment

life

more cheese and wine anyone

lol

a gloating deadman

oh i aint saying dont want to be a ramper or de ramper now do i
lol

Thanks for the info and support Overgrowth--I'm sticking with it for now, it's always darkest before dawn ! etc. etc.

RIP Fred !

Interesting news:

"GRIFFIN GROUP plc
("Griffin Group" or "the Company")

Acquisition of shares in CFA Capital Group PLC ("CFA")


The Board of Griffin announces that on 20 December the Company bought 60,000,000
ordinary shares of 0.25p each in the capital of CFA (the "CFA Ordinary Shares")
at 0.25p per CFA Ordinary Share for a total consideration of #150,000. Following
this purchase, Griffin is interested in 60,000,000 CFA Ordinary Shares
representing 9.7 per cent. of CFA's issued share capital. CFA is an AIM-traded
company, the business of which is the provision of corporate finance advisory
services to AIM-traded companies.

Stephen Dean, Chairman of Griffin said:

"Griffin has been active this year launching new AIM-traded investing companies
and we are pleased to take the advantage of this opportunity to extend our
current working relationship with CFA by acquiring this investment in them."

ENDS"

and.....the "old guard" are well an truly out of the picture now!

"21 December 2004

CFA CAPITAL GROUP PLC

HOLDING(S) IN COMPANY AND DIRECTORS' SHAREHOLDING

Pursuant to section 198 of the Companies Act 1985, the Board of CFA Capital
Group plc (the "Company") today received two notifications, the first from
Stephen Barclay and the second from John Shaw, each dated 20 December, informing
the Company that they had disposed of 64,600,000 and 29,400,000 ordinary shares
of 0.25p of the Company respectively, representing 10.45% and 4.75% of the
entire issued ordinary share capital of the Company.

As a result of the disposals, neither Stephen Barclay nor John Shaw have an
interest disclosable under section 198 of the Companies Act 1985 in the issued
share capital of the Company."

Overgrowth
Many thanks for your info this morning and
this afternoon,it certainly would appear
that Griffin has some faith with the above
statement and commitment!!

No probs. guys - Griffin are both UK and US based investment bankers, so now they have a vested interest in seeing CFP do well, there could be a chance of them putting some US AIM floating business in CFP's direction.

Yep this is looking much better now,and some strong buys coming in at close,should see a positive move tommorow.

From the website of Griffin Securities, Inc...

Griffin Securities, Inc., is a New York City based Investment Banking firm providing Corporate Finance, Merger & Acquisitions, Asset Management, Brokerage and Research services for Institutional, Corporate and Private Clients. The firm is a member of the National Association of Securities Dealers (NASD) and the Securities Investor Protection Corporation (SIPC). The firm is a subsidiary of Griffin Group plc (London Stock Exchange: GFF), a financial services firm based in the U.K. whose other subsidiary, Griffin Securities UK Ltd., is authorized and regulated by the Financial Services Authority (FSA). The group provides financial advisory services to emerging growth companies, institutions, and high net worth individuals. Griffin Securities, Inc. has no other domestic or international affiliates or subsidiaries.

wasnt the chairman in america recently , new york , i think? all makes sense now.still holding , same strategy , put these under my bed , see them again next march and re assess. bye for now. so long dead.......

maybe i missed it but has cfp made a statement
on what happened yesterday
or did i miss it

Is it not Stephen Dean who was CEO of Cater Barnard until recently ???

I repost one of my earlier posts....which obviously was unpopular by overgrowth Eric and others.... I wish I was WRONG!!!!!!!!!!!!!!!!!

andros - 10 Nov'04 - 07:09 - 1370 of 1533 edit



I think the share price will go down a minimum around 0.35 p before it stabalises by February. The prospective results do not look promising. It does not look that they will make a profit. It has been very quiet for them imo. A number of negatives have contributed to the slide in the sp.
1. Bad management of PR. They have not helped the market enough to sustain the price with RNS etc. Alternatively this may be seen as admission that they agree with the new range of share price. In my opinion the latter is nearer to the truth. Basically the 1.5p spike was totally unrealistic.
2. Interim results were not as good as the market expected. Proof of this is the sp plumbeted after the interims.
3. The company actually is not making money. It is loosing money and I expect at best to break even this time round.
4. The loss of one of their directors has been seen as a sign of trouble. There has been no recruitment and this is a sign of tough times.
5. As a result of ramping in the other thread mainly early this year has resulted in multi-infated price which is gradually being deflated. The charts are just dreadful!

In short this is a mismanaged share and the shareholders have paid for it.

The confidence in this share is now at the lowest.

I suggest if people feel they are pipped off as I do, to read the ADVFN theread and send an email to ROYW who is coordinating an action to stop SB in his tracks.

Here is post from ADVFN



ROYW1000 - 21 Dec'04 - 20:36 - 3279 of 3318


Guys

Have not been on the BB for a while but watching carefully from afar and this stinks of shit and we should stop them in there tracks.

Look at the facts.

21.7
John Shaw Resigns

16.9
Interims come out.

20.12
Trading Statement is issued @ 14.47 and Stephen Barclay Resigns.

20.12
Both Barclay and Shaw have a conversation and sell the shares together as it was one transaction. Therefore a conversation with the acting Chairman and an ex employee took place to discuss dumping shares and at this point he was just a shareholder. Why did he not phone all of us and tell us and we could have all sold.

20.12

The 94,000,000 being 64,600,000 from Stephen Barcalys (10.45%) and 29,400,000 John Shaw (4.75%) was sold at 15.40.03 at .25p.

20.12.04

Griffin buy 60,000,000 at 15.40.26 some 23 seconds after John Shaw and Stephen Barclay sell. Amazing how quick they made that call and authorised the purchase at .25p.

So I wonder what was in it for the middle men except the commision of course.

I also wonder if a seperate payment was made to John Shaw and Stephen Barclay to encourage them to do this?

Where did the other 34,000,000 goto?

All looks a bit fishy to me. What are your thoughts as I have an action plan to deal with this but await your feedback before further information can be released?

I am surprised they screwed up like this being city pros????? The lawyers would have a field day with this one!!!!


Roy

Also please consider this.........

ROYW1000 - 21 Dec'04 - 20:58 - 3285 of 3318


Dont worry still hold a lot and I am on the case if you know what I mean.

I would like to know how many shares we all hold between us so if interested please email royw1000@yahoo.com how many shares you each hold. Depending on the results I will make a suggestion on how we move this forwards.

One thing is dont sell any shares at this time as you will be playing staright into there hands and I have a much better option

For those that have already responded thanks for the support. For those that have not please email me so we can review the amount of stock held and the actions we can possibly take.

So far from III and ADVFN we have a great response. Down to you guys on here now and any other BB's you cant think may have holdings.


Regards



Roy

I have just been reading some of the older posts in here as I have not visted for a while.....I am so surprised that none of you lot in here can see you have been shafted by management!!!! My god how naive some posters are!!!!

get in now griffin are about to launch a takeover of cfp
i should not be saying this but i hear the offer is going to be above the value of cfp
i think my source said the offer was 1 free cinema ticket for each shareholder who holds more than 1 million and 1 free copy of how to be a good investor for anyone with less than 1 million