MMM hasn't done much recently to close the valuation gap to HFG,...

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    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!
 
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