Bangkok Airways offers
winter in the sun
Samui – Phangan Travel Fair
Bangkok Airways executives are looking forward to
the new direct connection between Chiang Mai and Koh Samui.
For those who want warmer climes this time of year Bangkok Airways
sponsored a travel fair at the Imperial Mae Ping Hotel on Monday, December 2,
2013 attended by hotels and travel agents from Koh Samui and Koh Phangan as well
as Bangkok Airways executives. The event was held to celebrate the launch of new
daily direct flights to Koh Samui that started on December 1. The Head of the
Phangan Hotels Association as well as the Tourism Authority of Thailand Samui
head joined Varong Israsena na Ayudhya, Director of Sales for Bangkok Airways at
Hotels and business from around Chiang Mai attended the event looking to make
connections with island businesses. Bangkok Airways direct flight departs Chiang
Mai daily at 12:50 p.m. arriving in Samui at 2:35 p.m. The return flight from
Koh Samui departs at 10:20 a.m. and arrives in Chiang Mai at 12:10 p.m. The new
service started December 1, 2013
Bangkok Airways has also started a new Bangkok – Udon Thani flight which will
fly twice daily to service this growing area, a third flight will be added in
Big Bikes roar into town at the Realbiker Custom Bike show
The Realbiker Custom Bike
Show was held at 700 Years Stadiumon December 8, 2013 from noon to
midnight and as the roars of big bikes swept through town, aficionados
headed off to the Stadium to check out the big bikes and of course the
pretty girls. Custom bikes, hot rods, big bikes, custom paint, hot rods
and custom cars were all on display as well. Sponsored by Richco,
Ducati, Triumph, Warm Up Café, BMW, CFM and many others the show was
well attended by everyone, not just jean and leather clad bikers
although they were in supply as well. The event also featured live
music, food and tattoos. (Photo courtesy of ZART)
Best investment options
for smartphone companies
By Don Freeman
Since I’m in the investment business, it’s also important to
look at each smartphone as a possible investment. Samsung is a little
harder to invest in because it trades on the Korean Stock Exchange. It
trades in the US on the OTC market, but the volume is very low.
That pretty much leaves me to decide between Apple, Nokia and
Blackberry. All are value plays instead of growth plays. Apple’s growth
in my opinion has peaked and it is no longer a growth stock. Investors
have to look at the stock from a valuation perspective. In that regard,
it is an incredibly cheap stock. Take into account that the company has
$137 billion in cash and growing every day. Last year the company’s net
income was $41.75 billion! A company making that amount of money with a
P/E less than 10 and safe to say I’m interested. Plus the stock is down
35% in the last year. I like buying good quality companies on pullbacks.
BlackBerry or Research In Motion stock has been in a free fall for the
past 5 years. The stock peaked in 2008 above $140 and traded under $10
for much of 2012. However, the stock has rebounded this year on optimism
for the new BlackBerry 10.
BlackBerry’s patents are estimated to be worth $2.25 billion. The
company right now has a market cap of about $7.57 billion at $14.69 a
share. The company also has $2.65 billion in cash and no debt. If the
patents are worth $2.25 billion and there’s $2.65 billion in cash, that
means you are getting a business that had revenues of $11.07 billion for
only $2.67 billion.
Nokia, like BlackBerry, has a valuable patent portfolio and has been
working to monetize that portfolio. Nokia actually sued BlackBerry for
patent infringement and received a one-time payment of $65 million plus
recurring royalty payments. Nokia is further aided in the patent wars
with its 15 year patent licensing agreement with Qualcomm. It is
estimated that out of Nokia’s $39.07 billion in revenue, $600 million
comes from patent royalty income. This makes Nokia’s patent portfolio
worth more than BlackBerry’s.
In terms of valuation, Nokia has $13.13 billion in cash and debt of
$7.25 billion. That leaves $5.88 billion plus an estimated $4 billion
for the patents and that gives you $9.88 billion. At $3.52 per share,
Nokia has a market cap of $13.06 billion, you’re getting a $39.07
billion in revenues company for only $3.18 billion.
In the end Apple’s brand makes it probably the best long-term investment
for investors. But at $430 a share, it is a pricey investment. For
investors that are looking to take more of a gamble, Nokia and
BlackBerry present an attractive opportunity. Their stock performance
will depend on who emerges and becomes the number 3 smartphone. Right
now BlackBerry and Nokia are battling it out with their new phones and a
winner has yet to be declared.
I have held off for years buying a smart phone but last month took the
plunge and am very impressed with the Samsung Galaxy S4. I call it a
phone but it is really a small powerful computer that is making my life
easier to connect with friends and clients.
If you would like to discuss smartphones or investing in the space, feel
free to give me a call, email or Skype. I’m available anytime to discuss
this article and investment strategy.
Don Freeman is president of Freeman Capital Management, a Registered
Investment Advisor with the US Securities Exchange Commission (SEC),
based in Phuket, Thailand. He has over 15 years experience and provides
personal financial planning and wealth management to expatriates.
Specializing in UK and US pension transfers. Call 089-970-5795 or email:
First ever CNXP focuses on film, technology, and music
Entrepreneurs and artists lecture at workshops
Organizers Orarick Sriwong, Smith
Taweelerdniti and Martin Venzky-Stalling explain the concept of CNXP at
Warm Up Café on December 6, 2013.
CNXP, organized by the Chiang Mai Creative City Committee, STEP
at CMU and local businesses held the first annual CNXP or Chiang Mai
Experience event at Warm Up Café on December 6 and 7. Day time saw
varied groups of people gather to hear lectures on subjects as varied as
3D printing by Volker Unland, Restaurant Review apps by Yod
Chinsupakkan, Indie music and visual art by Sumet Yodkaew, 2D and 3D
animation by Jakkarun Chai-in.
The experts came from businesses as varied as Creative Kingdom, Minimal
Gallery, Lunarcraft as well as freelance photographers, musicians and
videographers and saw over 40 speakers from Thailand, Europe and Vietnam
take part as well.
CNXP was based on South By Southwest held in Austin, Texas, United
States every year and works to bring together freelancers, startups and
innovators to exchange ideas. In addition to workshops live music
programs were held in the evening featuring experimental ideas in
One of the organizers, Orarick “Rick”Sriwong noted that this year is a
test and that they plan on repeating it next year but volunteers are
needed to help get organized. They are looking forward to feedback from
participants to improve the CNXP experience next year.
People joined in workshops by musicians,
technicians and more for the two day event.