London Isn't Dying — It's On Sale. Here's Where To Look

This year, for every £1 a new company has raised by listing in London, buyers have spent £27 taking existing companies off the market.

And Neil Woodford thinks that number flatters London.

He says it's closer to 100 to 1.

And he thinks that's a buy signal, not an obituary.

Here's why.

For most of Neil's 35 years running money, buying control of a public company costs you about a 25% premium over the share price.

This year, buyers are paying around 75% over the odds for British companies in cash and walking away convinced that they've got a bargain.

That premium is telling you the price on the screen is wrong.

I'm in the studio with Neil Woodford.

Today, the one number that proves UK companies trade a fraction of their worth.

The three places the discount is hiding and why Neil says you should never buy a single one of them, takeover.