Question: I’m curious, well actually a little nervous, as to why Telstra’s price is dropping so steadily prior to going ex dividend. The announcement of a new Chairman seems to have caused an even further fall. I would be interested in any comments/opinions regarding Telstra as a long-term hold for income.
Answer (Paul Rickard): I think it is pretty much a case of the market being a little underwhelmed by the Telstra result.
Although they met their guidance targets, it was at the bottom end of the range with EBITDA (earnings before interest, taxes, depreciation and amortization) increasing by only 1.7% and EPS (earnings-per-share) by 1.8%. 

In mobiles, previously a key area of growth, revenue grew by just 3.7%, while the margin weakened to 39%.
The brokers remain neutral to negative on Telstra. Following the result, UBS upgraded from Sell to Neutral, while Morgan Stanly went the other way – from Equal Weight to Underweight.
I think Telstra remains a hold for income. Around the $5.00 mark, it looks reasonable value.
Question: What is your view on Duet and should I keep the shares in the company.
Answer (Paul Rickard): Duet has maintained its guidance to pay a dividend this financial year of 18c per share. While the brokers think the stock is fully priced (consensus target price of $2.28, sentiment ranking of -0.1, where -1.0 is most negative and +1.0 is most positive), they don’t seem to be going anywhere. I think dividend (and the yield of almost 8%) will provide strong support for the share price, so I wouldn’t be in a hurry to sell.
That said, there is probably not a lot of price upside and in a rally, Duet will lag  – so if you wanted the cash to invest in something with better growth prospects, then this stock is an obvious candidate.
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