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We are standing close to the start of new Calender year 2013. As the year 2012 comes to conclusion, yet again we are able to beat Nifty index (almost 100%) return for our investor/private portfolio holders. We would also like to thank all of our readers for their continuing support and helping us to build community which is based on willingness to learn and share.

The 2012 year was also great for our Delhi Brother. With the help of our platform his portfolio had performed remarkably.

With market trading at 52 week high many companies market prices have over stretched and there is a good opportunity for many to book profits and look for other opportunities available in the market. Our Delhi brother had done the same and is looking for other available opportunities.

Lets look at how all our three brothers portfolio looks after one year.

Banglore Brother:

Name

Price

Shares Bought

Price @ 4th  Oct 12

Investment @ 26th Dec 2012

Axis Bank

Rs 806.75

124

Rs1,360

Rs 168,640

Syndicate Bank

Rs 68.50

1,448

Rs 128

Rs 185,344

Yes Bank

Rs 238.60

420

Rs 463

Rs 194,460

IDFC

Rs 91.75

1,090

Rs 173

Rs 188,570

Shriram Transport

Rs 419.40

238

Rs 751

Rs 178,738

L&T

Rs 995.10

100

Rs 1,620

Rs 162,000

Maruti Suzuki

Rs 920.05

109

Rs 1,500

Rs 163,500

Exide Industries

Rs105.05

952

Rs 141

Rs 134,232

BHEL

Rs 239

418

Rs 228

Rs 95,304

Guj state petronet

Rs77.85

1,285

Rs 78

Rs 100,230

Dividend received

 

Rs 1,666

Cash

Rs 7,190

Total

Rs 1,579,874

Mumbai Brothers portfolio

Name

Price

Shares Bought

Price @ 4th Oct 12

Investments @ 26th Dec 12

ICICI Bank

Rs 684.60

146

Rs 1,142

Rs 166,732

Indusind Bank

Rs 225.35

444

Rs 415

Rs 184,260

HDFC

Rs 649.45

154

Rs 834

Rs 128,436

IDFC

Rs 91.75

1,092

Rs 173

Rs 188,916

IRB Infra

Rs 129.95

770

Rs 126

Rs 97,020

L&T

Rs 995.10

100

Rs 1,620

Rs 162,000

Bajaj Auto

Rs 1,592.80

63

Rs 2,138

Rs 134,694

Tata Motors

Rs 178.40

560

Rs 310

Rs 173,600

BHEL

Rs 239.00

418

Rs 228

Rs 95,304

Adani Ports

Rs 120.55

830

Rs 133

Rs 110,390

Dividends

Rs 2,308

Cash

Rs.20,870

Total

Rs 1,464,530

Delhi Brothers portfolio

Name

Price

Shares Bought

Price @ 4th Oct 12

Total Investments

Fag Bearing

Rs 1,046.70

95

Rs 1,688

Rs 160,360

Gandhi Spl Tubes

Rs 124.95

800

Rs 164 (Sold)

Rs 131,200

LMW

Rs 1,477.95

68

Rs 2,250 (SOLD)

Rs 153,000

Amar Raja

Rs 101.50

986

Rs 242

Rs 238,612

Swaraj Engines (26th March 12)

Rs383.05

261

Rs 478

Rs 124,758

Axis Bank (6th Sep 12)

Rs 935

107

Rs 1,360

Rs 145,520

Cash

Fixed term @

9%/anum

 

Rs 460,699

Dividends

 

 

 

Rs

Total

 

 

 

Rs 1,414,149

Delhi brother decided to sell Gandhi Special tube and Lakshmi Machine Works as their market price are over stretched. An overall return of 41% with one third of portfolio in cash is really good return.

A new year is just standing in front of us and it is time to focus on future investments and search for good businesses to invest with. There are all together 58 businesses we are interested to invest with our clients money when they are trading at discount.

We found 10 businesses so far which are of investment quality and are trading at discount to its 2013 expected intrinsic values.

Companies

Value Operations quality & performance grade

State Bank of Bikaner & Jaipur

B1

Indian Bank

A1

Andhra bank

B1

Allahabad Bank

B1

Geometric

A1

Zensartech

A1

J&K Bank

A1

Punjab National Bank

B1

Mindtree

A1

GMDC Ltd

A1

All the above businesses are trading at discount and are worth to do research and investigate for investments. Most of the names in the list are PSU banks and second tier IT sector businesses. Both sectors have struggled a lot this year and maybe with banking reforms under going are worth to look into them and study these businesses on micro level.

If you own any of the above businesses then we are eager to hear your insight behind your investments. Value Operations fund does not own any of the shares from the list of 10 companies.

We wish you all a happy and prosperous new year from Value operations team.

Happy Investing!!