Stride Gaming bullish despite tough conditions

6th Feb 2019 08:45

(Sharecast News) - Online games operator Stride Gaming told investors at its annual general meeting on Wednesday that it had traded broadly in line with expectations during the first half of the year, despite "continued challenging trading conditions".Chairman Nigel Payne said he was "confident" in Stride's ability to manage ongoing fiscal and regulatory market pressures and leverage its "unique infrastructure to capitalise on significant growth opportunities in the dynamic UK market".Cost control and efficiencies remained "a core focus area" for Payne and the rest of Stride's board as it attempts to migrate more customers onto its higher margin proprietary platform and drive cost synergies across the business.Payne said: "The board believes the group will continue to be highly cash generative and the board remains committed to its revised dividend policy to distribute at least 50% of adjusted net earnings in dividends."As of 0845 GMT, Stride shares had slipped 2.44% to 100p.