Welcome to Ghost Wrap. It's fast. It's fun. It's informative. In this week's episode of Ghost Wrap, we cover: AECI is all about good chemistry, but the German business truly is the wurst. Argent Industrial has officially reached gatvol status, with scathing commentary of government in the latest results and a strategy focused on offshore growth. Hudaco has taken a more mature response in its criticism of government, with ongoing investment in South Africa. PBT Group shows that margin pressure isn't just found in the industrial sector, with the "sale of time" proving to be more difficult in this environment. Invicta has a significant disparity between HEPS growth and dividend growth, warranting a closer look at the income statement. Hyprop owns some of the best malls in the country and is doing a great job of recouping load shedding costs, with exposure to Central and Eastern Europe as a strong bonus. Advanced Health is headed for the exit, with the controlling family looking to take the company private via a scheme of arrangement that has delivered a lovely return for those who recently invested. Naspers and Prosus are masters at the art of distraction, papering over poor results by giving shareholders good news about the cross-holding structure. The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.