andi222, I hope you are right and that the share recover.
Depending on what happens to shareholder court case, if the shareholders win their claim against company (i doubt it), this company might find some shareholders claims against them also. Misrepresentation of figures in prospectus (fraud).
Will wait and see. Once you lose so much, can only wait and see in any case.
Before any IPO is accepted by JSE it needs to be audited. Furthermore the company most probably got external parties in to plan and execute the IPO. I'm sure they would need to be held accountable if there was fraud?
It is very unlikely that shareholders will get any compensation. Same with Steinhoff. I don't think that Shareholders will get any compensation from it even though there might have been fraud.