Valuable insights from large shareholder, page-4

MMM hasn't done much recently to close the valuation gap to HFG, if anything it has expanded.
HFG is now worth 7 billion Euros, so over 11 billion AUD.
MMM currently still under $200m market cap.
Obviously HFG revenue and scale much larger, but doesn't account for valuation gap.
I expect the market here will pay a lot more attention after the next quarterly!