retained losses, page-3

Thanks for your response Datasponge.

I was checking the financials for MRY (monteray group ltd) .
market cap = 4mill
carried loss = 63mill
30% of 63 mill at company tax rate = 19mill (tax benefit)

Can larger profitable companies buy companies like this to use as an offset if they make large gains, this can't be true otherwise all profit making companies will be doing this and MRY will not have a market cap so low.