ENA 0.00% 27.0¢ ensurance ltd

I thought the capital raise was to fund growth initiatives. How...

  1. 218 Posts.
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    I thought the capital raise was to fund growth initiatives. How is using majority of proceeds to repay debt assisting with expansion. That is, I was under impression that it was to be used to acquire further companies.

    I understand less debt is better but not what I envisaged the intention of the raise to be tbh.
 
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