As IC pointed out the rise was driven by the re-rating of the sector. Laing announced today that the talks had been terminated so whatever the bidder was offering did not represent value in the opinion of the Laing directors. In my view that bodes well for the long term valuation of businesses holding these PFI assets.
I agree Stevie that they are hardly cheap at this price.
One problem with PFI prices increaseing is that it makes it harder for QYM to find suitable projects for PFI to invest in. They are still sitting on a lot of cash from the fundraising