Pyne Gould seeks 15 percent returns over 10-year time frame, chairman says

Wed, 28 Nov 2012

By Paul McBeth Nov. 28 (BusinessDesk) - Pyne Gould Corp, which sold its corporate trust unit September, is seeking returns of more than 15 percent over the next decade and doesn't expect to ever pay dividends, according to chairman Bryan Mogridge. The company, 77 percent owned by managing director George Kerr, expects to sell its Perpetual trust and wealth management units before the year's end, leaving it without any substantial New Zealand assets, Mogridge told shareholders at today's annual meeting in Auckland. If investors are looking fo...

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