This article explains why I sold Aggreko PLC (ARGKF) (AGGKY) as part an ongoing process of "spring cleaning" the UK Value Investor model portfolio.
Summary: Increasing uncertainty was not sufficiently reflected in Aggreko's share price
Aggreko is the world's leading supplier of industrial and utility-scale temporary power and temperature control systems. In practice, Aggreko has two core businesses:
- Rental: Renting out shipping container-sized generators (powered by diesel, gas or oil), electrical transformers or other industrial power infrastructure, and
- Power: Building and operating temporary utility-scale power plants, using its global fleet of containerised equipment to provide