RE: Good Morning7 Jan 2020 11:13
Morning rkb. I am wondering where you get your knowledge on the value of tax losses available. There is extensive anti avoidance to prevent the sale of tax losses, they can rarely be accessed after the business concerned has ceased. Further to that according to the company accounts the losses were surrendered for R&D tax credits. At 31.12.18 the balance sheet has a value of nil for losses. So they will not form part of the nav. On your company valuation you would have double counted the losses because they are included in company valuation.