I asked GROK whether Pitt Street Research is a reliable source....

I asked GROK whether Pitt Street Research is a reliable source. IMO this response is reasonably positive.

Pitt Street Research is a Sydney-based firm that provides issuer-sponsored equity research focused on small and mid-cap companies listed on the Australian Securities Exchange (ASX). Whether it’s a reliable source depends on how you define "reliable" and what you’re using it for.

They’re staffed by experienced analysts—founders Marc Kennis and Stuart Roberts have decades in equity research across various sectors. Their reports are detailed and aim to fill a gap left by declining coverage from traditional investment banks. Since their research is commissioned and paid for by the companies they cover, it’s designed to be accessible to both institutional and private investors. This model suggests a focus on clarity and depth, which can be valuable if you’re looking for insights into under-the-radar ASX stocks.

However, the issuer-sponsored nature raises a potential red flag. Companies pay Pitt Street Research to produce these reports, which could introduce bias—there’s an incentive to present the client in a favorable light. That said, their reports do include disclaimers, risk outlines, and general advice warnings, indicating some level of transparency. They’re also an authorized representative of a licensed financial services provider, which adds a layer of regulatory oversight.

Compared to, say, independent academic studies or unsolicited analyst reports from major banks, Pitt Street’s work might lean more promotional. But their track record—covering firms like Archer Materials or Prescient Therapeutics with updates tied to tangible milestones—shows they’re not just churning out fluff. They’ve been around since 2016, and their analysts’ prior roles at reputable firms suggest competence.

If you’re an investor, cross-check their findings with primary sources like company announcements, financial statements, or even chatter on X from other investors. Their reliability hinges on your ability to filter the signal from the sponsored noise. For niche ASX insights, they’re a useful starting point—just don’t treat them as gospel.