SomnoMed Limited yesterday reported a fully year revenue increase of nearly 40%, to $25.9 million on the back of increased sales of its medical devices which are designed to treat the milder forms of sleep apnoea . However, the company also reported a substantial reduction of net profit after tax, due in large part to slightly decreased gross profit margins and increased general administration expenditure.

Energy Action is undergoing a transition from a business with a competitive advantage, high margins and high recurring revenue to an acquisitive machine with lower margins and less recurring revenue and a gradually reducing competitive advantage, as well as higher working capital needs. I have sold my Energy Action shares on open and (as I stated here, just before market open) I have removed them from the Hypothetical Ethical portfolio.

Hansen Technologies Limited (ASX:HSN) will increase revenue by over 50% and achieve EBITDA of well over $20 million in FY2014, according to their recent update.

Hi guys,

*Edit: The graphic below is wrong (luckily the real returns are higher). I had left out a cell. Please see comments.

Fiducian Portfolio Services Limited (ASX:FPS) is a small fund manager that also owns a small network of financial planners and even accountants, and software on which planners can run their business. Shares are up over 40% since I put Fiducian Portfolio Services into the Hypothetical Ethical Equities Portfolio.

CPT Global Limited (ASX: CGO) has drifted up in price a little since I first covered it in this article for the Motley Fool. However, I still think it is attractive at current prices, because it's a turnaround that is in the process of playing out now. I'd call it ethically acceptable, but as always, I'm interested in your opinions.

I first started thinking about bee populations as a result of Select Harvests Limited (ASX: SHV) because bees are required for the pollination of almond trees.

This post is about a micro-cap company called Atlas Pearls Limited (ASX:ATP) that farms pearls and has recently moved into the production of essential oils. It's also about that company's investor relations firm, Bourse Communications, and Bourse's managing director Rod North, who contacted me some time ago.

I caught up with a friend of mine the other day who is an experienced investor. He told me that one of the reasons that he bought My Net Fone was because he made a spreadsheet of companies and marked off who (of the good investors he knows) liked them. I am going to attempt to do the same thing with my Micro - Nano Watchlist.