Heartlys analyist report credibility?

  1. 153 Posts.
    hi I recently came across two analyist reports done by a company named Heartlys, located in Western Australia. One of the reports was for rvr and the other on avb. I was just wondering if anyone could give me some info on whether these reports normally are pretty good, and if i should hold any credibility towards these reports?

    Here is a link for anyone who is intrested.
    http://www.redriverresources.com.au/images/RVR_20160519_External.pdf

    http://www.avancoresources.com/content/wp-content/uploads/2016/05/ResearchNoteHartleys05May16.pdf

    Heartlys seems to think that rvr is a good spec buy for the medium term and rates avb as a "buy" for medium term also.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.