I like this share very much. However, I will raise two issues for the new year:
(1) As an investment vehicle - did anyone confirm that this AIM share is not eligible for the AIM capital gains tax relief. Natural justice suggests that it should be treated the same as all other shares, but that argument has never carried much weight with the Inland Revenue. It would be unfortunate to have to pay 30% tax on all realised profits and these probably make up a large part of the NAV - partially justfiying the current discount.
(2) The share options presently held by the directors are worth a fortune - given the huge potential upside on a two-three year horizon which may or may not be realised. It seems a little harsh on the other shareholders to grant yourself options on an investment company [on the other hand, there is a free rider problem if we assume that the Starvest directors do good research which shareholders then benefit from without having to put in the effort].
At any rate, I would be very disappointed if any more options were issued and would be interested in knowing if many others would be prepared to vote against such a motion were the board to suggest it without justification.