Have just bought 300 shares in Aggreko at 1013p. OK, I accept calling this a resources stock is a bit of a stretch – only c35% of revenues come from the oil and gas and mining sectors but in part that reflects the weakness in the sectors and when these rebound so should demand for temporary power solutions. Aggreko blamed weakness in the oil sector the weak H1 results announced in August which saw the stock slip 15% (it has fallen a further 6% since).

So for me it qualifies as not only 1) a very contrarian call – this is a stock which has disappointed recently and is not well loved currently, but also 2) a resources recovery play. As such it is at least a candidate for Contrarian Miner. I would love to give you a fuller explanation of my purchasing/valuation decision. But the fact is I  bought the shares without deeper analysis and will have to make up the reason later.

At the end of a volatile day for the sector, Contrarian now stands at £158,833 with cash of £5,203. Portfolio below.