That question is so broadly couched as to be almost impossible to answer. Here is one view. Conglomerates always "hide" value that is why one doesn't generally get a good ride in them - and the market has welcomed Bidcorp to the party with open arms and fully priced it for the present ,in fact put a frothy opening price on Bidcorp- where margins are tight - its food +++. Bidvest on the other hand is the ugly sister - who got invited but is sitting in the corner and this is probably where the greatest value unlock could occur - going forward.