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Former (or subsequent) names

CIPHERPOINT LIMITED24/12/201908/09/2023
COVATA LIMITED07/11/201424/12/2019

Shareholder links

Our website ranking of CPT: rating 4
(4 out of 5)



Automic Group
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000073827
Address: Suite 2.01, Level 2, 157 Walker Street, North Sydney, NSW, Australia, 2060
Tel:  +61 2 8412 8200Fax: +61 2 8412 8202

Date first listed: 03/01/2007
Company Secretary: Patrick Gowans
Sector: Software & Services Industry Group: XIJ
Activities: Information technology security

News & Events

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name changed to Excite Technology Services Limited


The suspension of trading in the securities of Cipherpoint Limited will be lifted immediately following lodgement of its 2022 Annual Report (including its audited financial statements) yesterday, 25 July 2022.


The Company successfully received all funds from its placement of $150,000 and the issue of convertible notes raising a further $800,000. The Company's cost reduction program has achieved considerable momentum with over $1m in annualised costs having been identified and removed without any material adverse impact on the business. Up to a further $400,000 in costs are being targeted in a second phase of reductions. Brace168 has achieved renewal of its ISO 27001 certification for Information Security Management System Requirements. Mr Mark Hitchcock has met and exceeded the first performance target for his earn out arising from the acquisition of VITCS in Tasmania. The timing of compensation for meeting the target is under discussion with the Company. The Company has finalised its annual financial statements and Annual Report for the year ended 31 March 2022. Both were lodged on 25 July 2022. The Company remains in discussion with two possible acquisition targets and further updates will be provided as when and if appropriate.


The company releases its Appendix 4G and Corporate Governance Statement.


The company releases its Audited Financial Results & Adjustment to 4E.


The company lodges its Annual Report to shareholders.


The company has withdrawn the announcement related to the proposed issue of securities under an entitlement offer which was last updated on 13 July 2022. The company is finalising the timetable and terms of a proposed rights issue and will lodge a new notification in relation to the proposed offer in due course.


The company releases a notification of cancellation of proposed issue of securities.


The company releases an updated notice of proposed issue of securities.


The company releases an updated notice of proposed issue of securities.


The company releases an updated notice of proposed issue of securities.


The company releases a notice of proposed issue of securities.


The Board has completed an extensive strategic and operational review of the businesses of the Company and has: secured commitments for additional capital to support the core businesses; started to implement a plan to reduce costs to seek to execute on a plan to achieve a cashflow breakeven position; and identified, and is exploring, a number of strategic options for the businesses, including potential acquisition opportunities. The company has, in a very difficult market, successfully: secured commitments to a placement of $150,000 with our Advisors Peak Asset Management and Cumulus Wealth of 30M shares at $0.005 per share; secured commitments to the issue of convertible notes to clients of the Placement Managers. The Board has held a number of discussions to seek to identify a new value accretive and complementary acquisition. Discussions, while ongoing, remain at an indicative stage and pending further assessment, negotiation and due diligence by the company. The Board has started a process of reducing costs with a focus on doing so without damaging capability. Group overhead costs not essential for compliance obligations have been reduced. At an operational level CPT will be seeking efficiencies by focusing the effectiveness of the company's sales resources and removing any duplication in delivery. The company expects to finalise and lodge its audited annual financial statements by Wednesday, 6 July 2022. The company expects that trading in its securities will recommence on 7 July 2022.


The company releases a notification of cessation of securities.


Shareholders will note CPT has lodged its 4E for the 12-month period to 31 March 2022, CPT's FY22. Delays were encountered reconciling certain share-based payments due to a change in accounting system and the entry of incorrect opening balances. This has now been remedied. As stated in the Appendix 4E total group revenues were $6.13M (which included $1.75m profit from the sale of the software assets). Revenue from continuing operations was $4.38m, with revenue from the two operations units totalling $4.21M for the reporting period. The Board is currently reviewing the outlook for the business for the FY23 year. Brace168 contributes approximately 81% of the revenue with approximately a 64% of its revenue recurring. VITCS, its founder and the team, have performed above expectations and have met and exceeded all targets to date. Through the transition from product to services and following completion of the acquisitions of Brace168 and VITCS costs need to be significantly reduced. Scoping of these cost reductions has been completed and is being mapped against minimum operational requirements. Notwithstanding cost pressures CPT believes it can maintain operational integrity in supporting our existing customers upon the basis of securing additional funding. The group will need funding for the next 12 months to enable it to reach cashflow breakeven. Further funding could also be used for a new EPS accretive acquisition. The Board is completing an extensive strategic and operational review. Continuation of the suspension of the company's securities was requested to complete the operational review and assess the prospects of a further capital raise and/or short-term divestment opportunities. The company expects the suspension to remain in place for approximately 4 further days.


The company lodges its Appendix 4E and Preliminary Financial Report.


The securities of the following entity will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 June 2022, following itsfailure to lodge the relevant periodic report by the due date.


The suspension of trading in the securities of Cipherpoint Limited will be lifted from the commencement of trading on Friday, 3 December 2021 following lodgement of its Appendix 4D and Half Year Report for the period ended 30 September 2021.


The company has provided its Half Year Report and Appendix 4D for the period to 30 September 2021. Financial highlights reported: Revenue from continuing operations (Brace168) up 100%; Statutory Profit for the Group up 128% (including gains from disposal of assets); and Cash and cash equivalents of $3,462,723 as at 30 September 2021. General highlights include: The completion of the acquisition of Brace168 Pty Limited; A capital raising of $2.9m to drive growth; and The sale of the Company's cp.Protect and cp.Discover technology assets to archTIS Limited.


The company lodges its Half Year Accounts.


The delay in the lodgement of the half year accounts is primarily due to the finalisation of the technical application of accounting treatment/principles to matters associated with Cipherpoint's acquisition of Brace168 and the disposal of its Cp.Protect assets - both of which occurred during the half-year. Cipherpoint is in the process of finalising the half-yearly accounts and expects that lodgement will occur shortly and trading in its quoted securities on ASX will resume thereafter.


The securities of Cipherpoint Limited will be suspended from quotation under Listing Rule 17.5 from the commencement of trading on Wednesday, 1 December 2021 for not lodging its Half Year Accounts by 30 November 2021.


The suspension of trading in the securities of Cipherpoint Limited will be lifted immediately, following the release by CPT of an announcement regarding a capital raising and proposed acquisition of Brace168 Pty Limited.


The company releases a notice of Proposed issue of Securities - CPT.


The company has entered into a binding term sheet to acquire 100% of the issued capital in cyber security services platform, Brace168 Pty Limited.


The company is in consultation with ASX on the proposed acquisition which was the reason for its trading halt and voluntary suspension. Cipherpoint expects to be able to release a further announcement ending its voluntary suspension prior to the commencement of trading on 21 January 2020.


The securities of Cipherpoint Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CPT, pending the release of an announcement regarding a proposed capital raising and potential acquisition.


name changed from Covata Limited



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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    25/11/2022Graham Mirabito100,000$0.007$690
    05/04/2022Graham Mirabito100,000$0.024$2,400
    31/03/2022Ted Pretty80,000$0.024$1,920
    07/03/2022Ted Pretty1,030,250$0.026$26,271
    03/03/2022Ted Pretty934,875$0.023$21,502

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Steven BliimNon Exec Chairman, COO31/01/2019
    Bryan SabaManaging Director23/11/2022
    Neil SinclairNon Exec Director25/07/2023

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Ken BensonNon Exec Director10/11/202224/07/2023
    Graham MirabitoNon Exec Director01/10/201906/01/2023
    Ted PrettyExecutive Chairman23/01/201710/11/2022
    Tom CarolanCFO23/07/202105/10/2022
    David GrinhamCFO17/05/202123/07/2021
    Bill McCluggageNon Exec Chairman21/10/201631/10/2019
    Lindsay TannerIndependent Director01/01/201731/01/2019
    David Taylor IrvineIndependent Director01/01/201701/12/2018
    Trent TelfordChairman31/10/201431/03/2017
    Michael QuinertNon Exec Director17/02/201531/03/2017
    Phillip DunkelbergerNon Exec Director31/10/201431/03/2017
    Charles ArcherNon Exec Director31/10/201431/03/2017
    Nick ChiarelliCFO10/03/2017
    Joseph MillerNon Exec Director31/10/201421/10/2016
    Philip KingNon Exec Director31/10/201421/10/2016
    Michael ScivoloNon Exec Chairman20/10/200931/10/2014
    Robert CollinsNon Exec Director20/10/200931/10/2014
    Hersh MajtelesNon Exec Director20/10/200931/10/2014
    Bruce StewartDirector28/11/201105/09/2012
    Vincent HydeExecutive Chairman27/07/200622/10/2009
    Emelio Del FanteNon Exec Director27/07/200622/10/2009
    Graeme BoyerNon Exec Director22/10/2009
    Bruce HawleyChairman06/10/200628/03/2007
    Bruce WaddellDirector27/07/200604/03/2007

    Date of first appointment, title may have changed.