Flowtech Fluidpower Takeover Rumours (FLO)

Very strong Sp over the last month or so Wonder if there is a takeover or bid in the offing?

Debt came down £1.7 million in last annual results. However, fair to say tough economic environment and some mistakes by previous management mean this is now a recovery Hope with new management team and updated strategy. Some also see this being a possible takeover target.

The new CEO seems a capable guy and there are sounds of more business confidence so by the medium turn I would hope for a recovery. DYOR Alternatively we might see a takeover attempt

So is it rumours/hopes of a takeover or hopes of the new management turning the company around that's boosting the share price ?